---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-002642"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-25T00:30:02.790957+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Saga Communications Q4 net income drops to $1.3M from $2.5M; full-year diluted EPS $0.55

## Summary
- Q4 net revenue $28.8M (-1.3% YoY); operating income $984K vs $2.8M; diluted EPS $0.20.
- Full year net revenue $110.3M (-2.2%); operating income $2.4M (vs $11.5M); diluted EPS $0.55.
- Station operating income (non-GAAP) declined 17.2% in Q4 and 23.1% for full year.
- Company paid $0.25 quarterly dividend; $137M total dividends since 2012; cash $27.8M at Dec 31.
- 2025 capex guidance $4.0-4.5M; no forward revenue or EPS guidance provided.

## SEC filing metadata
- accession: 0001558370-25-002642
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837025002642/0001558370-25-002642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837025002642/sga-20250311x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-002642
- JSON: https://secwatch.observer/filing/0001558370-25-002642.json
- Plain text: https://secwatch.observer/filing/0001558370-25-002642.txt

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