Saga Q1 Revenue Falls, Net Loss Widens
| RADIO ONLINE | Thursday, May 7, 2026 | 4:00pm CT |
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 Saga Communications |
Saga Communications reported first quarter 2026 net revenue declined 5.6% to $22.9 million, down from $24.2 million in the same period a year ago.
Station operating expense was essentially flat, decreasing 0.2% to $22 million. The company posted an operating loss of $3.3 million for the quarter, compared to a $2.3 million loss in the first quarter of 2025. Station operating income, a non-GAAP measure, fell 62% to $0.9 million.
Saga recorded a net loss of $2.4 million, widening from a $1.6 million loss a year earlier. Diluted loss per share was $0.38.
Capital expenditures totaled approximately $0.8 million for the quarter, with the company projecting about $3.5 million in spending for the full year.
The company also paid a quarterly dividend of $0.25 per share in March, totaling about $1.6 million, and declared another dividend at the same rate payable June 12. Saga said it has paid more than $145 million in dividends since 2012 and intends to continue regular quarterly payouts.
As of March 31, Saga reported $30.4 million in cash and short-term investments. The company said it will discuss results during its earnings call on May 7.
