Home Login RADIO ONLINE RSS Facebook
Advertisement

Saga Communications Q1 2025 Net Revenue Down 4.3%


Saga Communications
Saga Communications

Saga Communications reported a 4.3% decrease in net revenue for the first quarter of 2025, totaling $24.2 million, compared to $25.3 million in the same period last year. The company posted a net loss of $1.6 million for the quarter, matching its Q1 2024 loss, with a diluted loss per share of $0.25.

Station operating income, a non-GAAP measure used by the company, declined to $2.2 million from $2.8 million a year ago, while station operating expenses decreased 2.2% to $22.0 million. Capital expenditures were trimmed to $700,000 from $1.1 million in Q1 2024.

On a same-station basis, revenue dropped 6.6% to $23.6 million, and operating loss narrowed slightly to $2.1 million from $2.4 million.

Saga noted that second-quarter revenue pacing is uncertain but showing improvement. April was down high single digits year-over-year, May is pacing down low single digits, and June is approximately flat.

The company incurred $110,000 in corporate expenses during the quarter related to a potential proxy contest initiated by a shareholder, with more legal and consulting costs expected in Q2.

Saga paid a $0.25 per share quarterly dividend on March 7, amounting to roughly $1.6 million. Since initiating dividends in 2012, the company has returned more than $137 million to shareholders and repurchased over $58 million in stock. It also plans to use proceeds from potential non-core asset sales to fund additional stock buybacks.

As of March 31, 2025, Saga reported $27.0 million in cash and short-term investments, increasing slightly to $27.2 million as of May 5. The company expects to spend $4.0 to $4.5 million on capital expenditures this year.

Advertisement

Latest Radio Stories

Spanish Broadcasting System Posts $5.6 Million Q1 Loss
Spanish Broadcasting System
Spanish Broadcasting System
Spanish Broadcasting System reported a net loss of $5.6 million for the first quarter ended March 31, 2025, compared to a loss of $1.6 million in the same quarter a year ago, as declines in core advertising revenue and special events weighed heavily on results. Net revenue for More

Warshaw Sues Soros Fund Over Alleged Broken Deal
Jeff Warshaw
Jeff Warshaw
Jeff Warshaw, CEO of Connoisseur Media, has filed a lawsuit against Soros Fund Management (SFM) and its media executive Michael Del Nin, claiming they reneged on a deal that would have made him CEO of Audacy or entitled him to a share of the profits from SFM's acquisition of the company. The complaint, More

iHeartMedia and KT Studios Launch ''True Crime Tonight''
iHeartPodcasts
iHeartPodcasts
iHeartMedia has announced the launch of a new live radio show and companion podcast, "True Crime Tonight," created in collaboration with KT Studios. Debuting June 1, the two-hour program will air live Sunday through Thursday at 10pm local time on more than 20 iHeartMedia broadcast More
Advertisement

Nominations Open June 1 for 2025 TRHOF Induction Class
Texas Radio Hall of Fame (TRHOF)
Texas Radio Hall of Fame (TRHOF)
The Texas Radio Hall of Fame (TRHOF) will begin accepting nominations for its 2025 Induction Class starting at noon on Sunday, June 1. Submissions can be made through the official portal at TRHOF.net until Friday, June 30. In the first phase More

RadioFX Mourns Passing of Jesse ''Hollywood'' Rios
Jesse ''Hollywood'' Rios
Jesse ''Hollywood'' Rios
RadioFX is mourning the unexpected death of Jesse "Hollywood" Rios, a freelance sales representative and influential figure in Tejano and Latin radio, who passed away on May 21 at the age of 56. Born Jesus Carlos Arce, Rios began his radio career at the age of 16, working overnight shifts at XZOL Radio More

FCC Revokes Licenses for Two Texas Radio Stations
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
The Federal Communications Commission (FCC) has revoked the licenses of KYKM-FM in Yoakum, Texas, and KTXM-FM) in Hallettsville, TX, known as Texas Thunder Radio, after their licensee, Kremling Enterprises, Inc., failed to pay regulatory fees totaling $14,222.60 spanning fiscal years 2017 through 2024. More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement