earnings
confidence high
sentiment negative
materiality 0.70
Saga Communications Q3 net revenue down 3.5% to $28.1M; net income falls to $1.3M
SAGA COMMUNICATIONS INC
2024-Q3 EPS reported
$0.35
revenue$83,704,000
- Net revenue $28.1M (down 3.5% YoY); operating income $1.6M vs $3.5M.
- Net income $1.3M vs $2.7M; diluted EPS $0.20.
- Station operating income (non-GAAP) fell 21.2% to $6.0M.
- Same station revenue down 5.8%, operating income down 49.7%.
- Cash $28.7M as of Sept 30; $5M drawn on $50M revolver; $0.25 dividend paid Oct 18.