Salem Media Reports 2025 Revenue Decline, Net Loss

RADIO ONLINE | Wednesday, March 11, 2026 | 1:19pm CT

Salem Media

Salem Media Group reported lower revenue and a net loss for 2025, according to its annual report for the year ended December 31, 2025. The Christian and conservative multimedia company posted total net revenue of $212.7 million in 2025, down from $237.6 million in 2024, a decline of roughly 10% year over year.

Salem reported a net loss of $34.6 million for 2025, compared with net income of $16.2 million in 2024. The company recorded an operating loss of $39.7 million, reflecting higher operating expenses and a significant $25.2 million impairment charge on long-lived assets during the year.

Total operating expenses rose to $252.4 million, compared with $243.0 million the previous year. Selling, general and administrative expenses declined slightly year over year, but were offset by restructuring costs and the asset impairment.

Salem also reported a $7.1 million gain on the disposition of assets in 2025. Interest expense declined significantly to $1.5 million, compared with $14.9 million in 2024, while the company recorded a $212,000 gain from a troubled debt restructuring.

As of December 31, 2025, Salem reported total assets of $315.5 million, down from $423.1 million a year earlier. Cash and cash equivalents totaled $2.4 million, compared with none reported at the end of 2024.