Earnings Releases·Nov 12, 2026, 9:05 AM ET

Saga Communications, Inc. — Third Quarter 2026 Earnings Summary

Net revenue declined 5.4% to $26.7 million for the quarter and 5.8% to $75.9 million for the nine-month period, driven by industry-wide margin pressures and reduced market revenue projections.
Reported GAAP net loss widened to $7.1 million ($1.11/share) for the quarter and $8.5 million ($1.34/share) for the nine months, primarily due to a $9.2 million non-cash impairment charge; excluding this charge, quarterly net loss narrowed to approximately $240 thousand.
The Board declared a quarterly cash dividend of $0.25 per share, while the company maintained a debt-free balance sheet with $0 long-term debt and $23.5 million in cash and short-term investments.
Political revenue surged to $1.2 million in the quarter and $1.9 million year-to-date, with $3.6 million of gross political revenue already sold for the fourth quarter.
Capital expenditure guidance for 2026 remains $3.0 million to $3.5 million, and the company expects to record approximately $154 thousand per quarter in non-cash rental expense related to prior tower sales.