Saga Communications Q3 sales miss estimates as political revenue declines

Saga Communications

06/11/2025 14:09

Overview

Saga Q3 net revenue decreases 1.8% to $28.2 mln, slightly missing expectations

Company reports Q3 net loss of $532,000, impacted by music licensing settlement

Saga sells telecommunications towers for $10.7 mln, boosting cash reserves

Outlook

Saga expects 2025 capital expenditures to be $3.25 – $3.75 mln

Saga intends to continue paying regular quarterly cash dividends

Saga may consider special dividends or stock buybacks

Result Drivers

MUSIC LICENSING SETTLEMENT - Co attributes increased station operating expense to a $2.1 mln retroactive rate adjustment with ASCAP and BMI

POLITICAL REVENUE DECLINE - Gross political revenue decreased significantly, impacting overall revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$28.20 mln
$28.30 mln (1 Analyst)
Q3 Net Income
-$532,000
Q3 Capex
$600,000
Q3 Operating Income
-$626,000


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the broadcasting peer group is "buy"

Wall Street's median 12-month price target for Saga Communications Inc is $18.00, about 31.6% above its November 5 closing price of $12.32

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nGNX70dvCQ

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)