Earnings ·
Saga Communications reported second quarter 2026 financial results showing net revenue decreased 6.5% to $26.4 million…
SGASaga Communications Inc
Saga Communications reported second quarter 2026 financial results showing net revenue decreased 6.5% to $26.4 million and diluted earnings per share were $0.15, compared to $28.2 million and $0.18 in the prior year period. For the six-month period ended June 30, 2026, net revenue fell 6.0% to $49.3 million while the company reported a net loss of $1.4 million with diluted loss per share of $0.23. The decline in profitability was impacted by $407 thousand in non-cash rent expense and $381 thousand in non-cash interest income related to the October 2025 sale of telecommunications towers for approximately $10.7 million. As of June 30, 2026, the company held $27.8 million in cash and short-term investments and repaid its entire $5.0 million revolving credit facility by August 10, 2026. Saga operates radio broadcast properties across 28 markets.