Quarterly ResultAug 13, 2026, 09:01 AM
Saga Communications Q2 Revenue Down 6.5% to $26.4M; EPS $0.15
AI Summary
Saga Communications reported a 6.5% decrease in net revenue to $26.4 million for the second quarter of 2026, with diluted earnings per share at $0.15. For the six-month period, net revenue fell 6.0% to $49.3 million, resulting in a diluted loss per share of $0.23. The company continued its dividend payments, distributing $0.25 per share, and improved its liquidity by repaying $5.0 million on its revolving credit facility, following a $10.7 million tower sale in October 2025.
Key Highlights
- Net revenue decreased 6.5% to $26.4 million for Q2 2026.
- Diluted earnings per share were $0.15 for Q2 2026.
- Net revenue decreased 6.0% to $49.3 million for the six months ended June 30, 2026.
- Diluted loss per share was $0.23 for the six months ended June 30, 2026.
- Paid a quarterly dividend of $0.25 per share on June 12, 2026, totaling approximately $1.6 million.
- Cash and short-term investments were $27.8 million as of June 30, 2026.
- Repaid $5.0 million outstanding under the revolving credit facility.
Price Impact
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