---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-013781"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:26:20.531879+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Saga Q2 revenue down 2.2% to $29.2M; net income $3.4M, EPS $0.55

## Summary
- Net revenue $29.2M (-2.2% YoY); operating income $4.3M vs $5.4M; station operating income $8.0M (-14.1%).
- Diluted EPS $0.55 (Q2) and $0.70 (six months); net income $3.4M vs $3.8M.
- Paid $0.25 quarterly dividend on June 16; cash $34.4M at June 30; capex guidance $5.0-5.5M for 2023.
- Station operating expense rose 2.9% to $22.4M; capital expenditures $1.3M in quarter vs $2.6M.

## SEC filing metadata
- accession: 0001558370-23-013781
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/0001558370-23-013781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/sga-20230808x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-013781
- JSON: https://secwatch.observer/filing/0001558370-23-013781.json
- Plain text: https://secwatch.observer/filing/0001558370-23-013781.txt

## Key facts
- Earnings Releases
  SAGA COMMUNICATIONS INC reported the three and six months ended June 30, 2023 results: revenue $29.2 million, net income $3.4 million, EPS $0.55.
  - Period: the three and six months ended June 30, 2023
  - Revenue: $29.2 million
  - Net income: $3.4 million
  - EPS: $0.55
  - Result: reported results
  source text: Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today reported that net revenue decreased 2.2% to $29.2 million for the quarter ended June 30, 2023 compared to $29.8 million for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/0001558370-23-013781-index.htm
- Earnings Releases
  SAGA COMMUNICATIONS INC reported the six-month period ended June 30, 2023 results: revenue $54.5 million, net income $4.3 million, EPS $0.70.
  - Period: the six-month period ended June 30, 2023
  - Revenue: $54.5 million
  - Net income: $4.3 million
  - EPS: $0.70
  - Result: reported results
  source text: Net revenue decreased 0.6% to $54.5 million for the six-month period ended June 30, 2023 compared to $54.8 million for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/0001558370-23-013781-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.