---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-010663"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T18:43:48.546411+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Saga Communications Q2 net revenue down 5%; net income falls to $1.1M from $2.5M

## Summary
- Net revenue $28.2M, down 5.0% YoY; net income $1.1M vs $2.5M; diluted EPS $0.18.
- Station operating income (non-GAAP) fell 6.4% to $6.0M; operating income $1.4M vs $2.1M.
- Six-month net loss $447K; operating loss $889K; diluted loss per share $0.07.
- Exploring sale of tower sites; potential proceeds high 7-figure/low 8-figure range; assessing non-core asset sales for buybacks.
- Paid $0.25/share dividend on June 27; aggregate $1.6M; intends to continue quarterly dividends.

## SEC filing metadata
- accession: 0001558370-25-010663
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837025010663/0001558370-25-010663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837025010663/sga-20250807x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-010663
- JSON: https://secwatch.observer/filing/0001558370-25-010663.json
- Plain text: https://secwatch.observer/filing/0001558370-25-010663.txt

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