Saga Communications, Inc. - Class A Common Stock (SGA)

Saga Communications (NASDAQ:SGA) reported lower first-quarter revenue as weakness in traditional advertising offset continued growth in digital products, while management said the company is continuing to invest in its digital transformation despite near-term pressure on expenses. Executive Vice Pr

Saga (SGA) Q1 2026 Earnings Call Transcript

GROSSE POINTE FARMS, Mich., May 07, 2026 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 5.6% to $22.9 million for the quarter ended March 31, 2026 compared to $24.2 million for the same period last year. Station operating expense decreased 0.2% for the quarter to $22.0 million compared to the same period last year. For the quarter, we had an operating loss of $3.3 million compared to $2.3 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 62.0% to $0.9 million. Capital expenditures were $0.8 million for the quarter compared to $0.7 million for the same period last year. We had a net loss of $2.4 million for the quarter compared to $1.6 million for the first quarter last year. Diluted loss per share was $0.38 in the first quarter of 2026.

GROSSE POINTE FARMS, Mich., May 07, 2026 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on June 12, 2026, to shareholders of record on May 22, 2026. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $145 million in dividends to shareholders since the first special dividend was paid in 2012.

GROSSE POINTE FARMS, Mich., April 15, 2026 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 1st Quarter 2026 Earnings results at 9:00 a.m. EDT on Thursday, May 7, 2026. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows:

Saga (SGA) Q4 2025 Earnings Call Transcript

GROSSE POINTE FARMS, Mich., March 12, 2026 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 9.3% to $26.5 million for the quarter ended December 31, 2025 compared to $29.2 million for the same period last year. Digital revenue increased 25.8% to $4.3 million for the quarter ended December 31, 2025 compared to $3.5 million for the same period last year. Station operating expense decreased 1.9% for the quarter to $22.9 million compared to the same period last year. For the quarter, we had an operating loss of $9.5 million compared to operating income of $1.0 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 38.7% to $3.6 million for the quarter ended December 31, 2025. Capital expenditures were $400 thousand for the quarter compared to $600 thousand for the same period last year. We had a net loss of $6.9 million for the quarter compared to net income of $1.3 million for the fourth quarter last year primarily as the result of an impairment charge disclosed below. Diluted loss per share was $1.07 in the fourth quarter of 2025 compared to income per share of $0.20 for the same period last year.

GROSSE POINTE FARMS, Mich., March 03, 2026 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 4th Quarter and Year End 2025 Earnings results at 9:00 a.m. EDT on Thursday, March 12, 2026. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows:

GROSSE POINTE FARMS, Mich., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on March 20, 2026, to shareholders of record on February 26, 2026. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $143 million in dividends to shareholders since the first special dividend was paid in 2012.

GROSSE POINTE FARMS, Mich., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga” or “our”) today announced that it repurchased 184,215 shares of its common stock for an aggregate purchase price of approximately $2.1 million, or $11.50 per share, through a privately negotiated transaction. The repurchased shares represent approximately 2.8% of the company’s currently outstanding common stock, based on 6,556,621 shares outstanding as of December 11, 2025. After closing, these shares were returned to treasury and are no longer outstanding.

GROSSE POINTE FARMS, Mich., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga,” “we” or “our”) announced today that Christopher S. Forgy, President and Chief Executive Officer and Samuel D. Bush, Executive Vice President, Chief Financial Officer and Treasurer will be presenting at the Noble Capital Markets’ Twenty First Annual Emerging Growth Equity Conference at Florida Atlantic University, Executive Education Complex, in Boca Raton, FL on December 3, 2025. The presentation will be held at 9:30 AM Eastern Time. Scheduled 1x1 meetings with management are also available for registered, qualified investor attendees.

GROSSE POINTE FARMS, Mich., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 12, 2025, to shareholders of record on November 24, 2025. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $141 million in dividends to shareholders since the first special dividend was paid in 2012.

Saga Communications (SGA) missed Q3 2025 earnings estimates, reporting a surprise net loss due to a one-time music licensing settlement charge.

GROSSE POINTE FARMS, Mich., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 1.8% to $28.2 million for the quarter ended September 30, 2025 compared to $28.7 million for the same period last year. Station operating expense increased $2.0 million or 8.7% for the quarter to $24.7 million compared to the same period last year. This was primarily the result of an industry wide settlement with two music licensing organizations (ASCAP and BMI) resulting in a retroactive rate adjustment of approximately $2.1 million covering the period from January 1, 2022 to the quarter ended September 30, 2025. Station operating expense would have decreased $120 thousand or 0.5% for the quarter without this settlement. For the quarter, the Company had an operating loss of $626 thousand compared to operating income of $1.6 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased $2.5 million to $3.5 million. Without the settlement the operating loss would have been operating income of $1.5 million compared to $1.6 million and station operating income would have been $5.6 compared to $6.0 million for the same quarter last year. Capital expenditures were $600 thousand for the quarter ended September 30, 2025 which was flat with the same period last year. The Company had a net loss of $532 thousand for the quarter compared to net income of $1.3 million for the third quarter last year. Diluted loss per share was $0.08 in the third quarter of 2025. The Company would have reported net income for the quarter without the music licensing settlement.     

GROSSE POINTE FARMS, Mich., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga,” “we” or “our”) announced today the sale of 22 tower sites to GTC Uno, LLC for approximately $10.7 million in a transaction that will continue to allow the Company to use the towers with no cash lease payment. The sale closed on October 17, 2025 and was effective October 1, 2025.

GROSSE POINTE FARMS, Mich., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 3rd Quarter 2025 results at 9:00 a.m. EST on Thursday, November 6, 2025. The company will be holding a conference call on the same date at 11:00 a.m. EST. The dial-in numbers are as follows:

GROSSE POINTE FARMS, Mich., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga,” “we” or “our”) announced today that Christopher S. Forgy, President and Chief Executive Officer and Samuel D. Bush, Executive Vice President, Chief Financial Officer and Treasurer will be presenting at the Noble Capital Markets’ Emerging Growth Virtual Equity Conference on October 8, 2025 at 4:00p (EDT). The presentation will feature a fireside style Q&A session with Michael Kupinski, Director of Research and Senior Media & Entertainment Analyst at Noble Capital Markets

GROSSE POINTE FARMS, Mich., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga,” “we” or “our”) announced today the increase of its number of board members to eight and the appointment of Gregg Sutherland to its Board of Directors.

GROSSE POINTE FARMS, Mich., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on September 19, 2025, to shareholders of record on August 26, 2025. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $140 million in dividends to shareholders since the first special dividend was paid in 2012.

SAGA Communications (SGA) missed Q2 2025 earnings and revenue estimates, with a 5% revenue decline and lower EPS. Political ad weakness drove the drop, but cost cuts and dividends offer stability. Stock fell -3.8%.

GROSSE POINTE FARMS, Mich., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 5.0% to $28.2 million for the quarter ended June 30, 2025 compared to $29.7 million for the same period last year. Station operating expense decreased 4.6% for the quarter to $22.2 million compared to the same period last year. For the quarter, operating income was $1.4 million compared to $2.1 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 6.4% to $6.0 million. Capital expenditures were $1.3 million for the quarter compared to $1.5 million for the same period last year. We had net income of $1.1 million for the quarter compared to net income of $2.5 million for the second quarter last year. Diluted earnings per share were $0.18 in the second quarter of 2025.

GROSSE POINTE FARMS, Mich., July 09, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 2nd Quarter 2025 results at 9:00 a.m. EDT on Thursday, August 7, 2025. The company will be holding a conference call on the same date at 11:00 a.m. EDT. The dial-in numbers are as follows:

GROSSE POINTE FARMS, Mich., May 27, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company”, “Saga” or “our”) today announced that its Board of Directors (“Board”) declared a quarterly cash dividend of $0.25 per share. The dividend will be paid on June 27, 2025, to shareholders of record on June 6, 2025. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.6 million. The quarterly dividend will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $138 million in dividends to shareholders since the first special dividend was paid in 2012.