earnings
confidence high
sentiment negative
materiality 0.65
Saga Q1 net revenue down 4.3% to $24.2M; non-GAAP station operating income falls to $2.2M
SAGA COMMUNICATIONS INC
2025-Q1 EPS reported
-$0.25
revenue$24,212,000
- Net revenue $24.2M, down 4.3% YoY; net loss $1.6M ($0.25 diluted loss), consistent with prior year.
- Station operating income (non-GAAP) fell to $2.2M from $2.8M; operating loss narrowed to $2.3M from $2.4M.
- Q2 pacing: currently down mid-single digits; April down high-single, May low-single, June approx flat.
- Incurred $110k in expenses related to a Saga shareholder's potential proxy contest.
- Declared quarterly dividend $0.25/share; plans to use non-core asset sale proceeds for stock buybacks.