Saga Communications Q2 revenue falls 6.5% on higher expenses

Saga Communications

13/08/2026 14:13

Overview
U.S. radio broadcaster's Q2 revenue fell 6.5% yr/yr to $26.4 mln
Q2 diluted EPS was $0.15, down from $0.18 a year earlier
Higher station operating expenses partly due to non-cash rent expense from tower sale

Outlook
Saga expects to spend $3.0–$3.5 mln on capital expenditures during 2026
Company expects about $154,000 per qtr of non-cash rent expense for lease agreements
Company expects about $127,000 per qtr of non-cash interest income in 2026

Result Drivers
NON-CASH RENT EXPENSE - Station operating expenses rose due to non-cash rent expense related to the sale and leaseback of telecommunications towers
HIGHER OPERATING EXPENSES - Station operating expense increased 5.4% yr/yr in Q2

Company press release: ID:nGNX56s6bx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$26.40 mln
$25.50 mln (1 Analyst)
Q2 EPS
 
$0.15
 
Q2 Net Income
 
$960,000
 
Q2 Operating Income
 
$623,000
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the broadcasting peer group is "buy."
Wall Street's median 12-month price target for Saga Communications Inc is $14.00, about 37.9% above its August 12 closing price of $10.15

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(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.)