Broadcast firm Saga Communications' Q2 revenue falls 5%, misses analyst expectations

Saga Communications

07/08/2025 14:12

Overview

Saga Q2 revenue falls 5%, missing analyst expectations, per LSEG data

Net income for Q2 declines significantly compared to last year

Co in talks to sell tower sites, proceeds may fund stock buybacks

Outlook

Saga expects to spend $3.0-$3.5 mln on capital expenditures in 2025

Company in negotiations to sell tower sites for high 7 or low 8 figures

Saga plans to use proceeds from asset sales for stock buybacks

Result Drivers

REVENUE DECLINE - Net revenue decreased 5% due to lower gross political revenue compared to last year

EXPENSE REDUCTION - Station operating expenses decreased 4.6%, partially offsetting revenue decline

ASSET SALES - Co in talks to sell tower sites, proceeds may fund stock buybacks

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$28.20 mln
$28.60 mln (1 Analyst)
Q2 EPS
$0.18
Q2 Net Income
$1.10 mln
Q2 Capex
$1.30 mln
Q2 Operating Income
$1.40 mln


Press Release: ID:nGNX6KkhNH

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)