SAGA COMMUNICATIONS (SGA) Company Report

Saga Communications, Inc. repurchased 184,215 shares of its common stock.
The repurchase was for an aggregate price of approximately $2.1 million, at $11.50 per share.
These shares represent approximately 2.8% of the company's outstanding common stock, based on 6,556,621 shares outstanding as of December 11, 2025.
The transaction was completed on December 12, 2025, and the repurchased shares have been returned to treasury and are no longer outstanding.

Dec 15, 2025, 9:51 PM

8-K

Saga Communications Repurchases Shares

SGA

Share Buyback

Saga Communications, Inc. (SGA) repurchased 184,215 shares of its common stock.
The repurchase was completed through a privately negotiated transaction for an aggregate purchase price of approximately $2.1 million, at $11.50 per share.
These repurchased shares represent approximately 2.8% of the company's outstanding common stock as of December 11, 2025, and have been returned to treasury.

Dec 15, 2025, 9:15 PM

Press Release

Saga Communications Outlines Digital Transformation and Strong Financial Position

SGA

Dividends

Share Buyback

Revenue Acceleration/Inflection

Saga Communications (SGA) maintains a strong financial position with approximately $32 million in cash and only $5 million drawn against its $40 million revolving credit facility.
The company reported significant digital revenue growth, with a 32.6% increase in Q3 2025 year-over-year and quarter-over-quarter, and a 17.1% increase year-to-date 2025.
SGA plans to ramp up stock repurchases and continues to pay a quarterly dividend of $0.25 per share, which management believes is sustainable despite a current 9% yield.
Management projects that digital revenue could constitute approximately 67% of total revenue within five years, a significant increase from current levels.

Dec 3, 2025, 2:30 PM

Transcript

Saga Communications Highlights Digital Transformation and Capital Allocation Plans

SGA

Dividends

Share Buyback

Revenue Acceleration/Inflection

Saga Communications (SGA) maintains a strong financial position with a $40 million revolving credit facility (only $5 million drawn) and approximately $32 million in cash as of a few weeks prior to the conference.
The company is focused on digital transformation, reporting 32.6% digital revenue growth in Q3 2025 year-over-year and quarter-over-quarter, and 17.1% year-to-date 2025.
Saga's "blend" strategy, combining core radio and digital, resulted in a 2.1% decline in Q3 2025, significantly outperforming competitors experiencing higher double-digit declines.
Management projects that digital revenue could constitute 67% of total revenue within five years, aiming for a mix of one-third radio, one-third search, and one-third display.
SGA pays a quarterly dividend of $0.25 per share (yielding 9%), and plans to increase stock repurchases.

Dec 3, 2025, 2:30 PM

Transcript

Saga Communications Declares Quarterly Cash Dividend

SGA

Dividends

Share Buyback

Saga Communications, Inc. (SGA) announced a quarterly cash dividend of $0.25 per share.
The dividend is payable on December 12, 2025, to shareholders of record as of November 24, 2025.
The aggregate amount of this quarterly dividend payment will be approximately $1.6 million.
The company intends to declare regular quarterly cash dividends in the future and may also implement stock buybacks and special dividends.

Nov 13, 2025, 2:10 PM

8-K

Saga Communications Declares Quarterly Dividend and Announces Capital Allocation Plans

SGA

Dividends

Share Buyback

Saga Communications (SGA) declared a quarterly cash dividend of $0.25 per share, payable on December 12, 2025, to shareholders of record on November 24, 2025.
The aggregate amount of this quarterly dividend payment will be approximately $1.6 million, bringing the total dividends paid by the company since 2012 to over $141 million.
The company intends to declare regular quarterly cash dividends in the future and plans to use proceeds from the sale of non-core assets to fund stock buybacks as part of its fiscal year 2025 capital allocation plan.

Nov 13, 2025, 2:00 PM

Press Release

Saga Communications Reports Q3 2025 Results, Emphasizes Interactive Revenue Growth and Capital Allocation

SGA

Earnings

Revenue Acceleration/Inflection

Share Buyback

For Q3 2025, Saga Communications reported an operating income of $6,000, which would have been $1,500,000 without a music licensing settlement. Gross interactive revenue increased 32.6%, or $1,100,000, largely offsetting the 6.8% decrease in gross broadcast revenue when adjusted for political revenue.
For the nine-month period ended September 30, 2025, net revenue decreased 3.7% to $80,600,000. Total interactive revenue for this period was up 17.1% with a 54% profit margin.
The company entered into an agreement to sell telecommunications towers and related assets for approximately $10,700,000, with $8,700,000 already received and $1,800,000 in escrow. A portion of these proceeds is intended for stock buybacks, and Saga continues its robust quarterly dividend strategy, having paid a $0.25 per share dividend in Q3 2025.
For Q4, total revenue pacing is down approximately 11% (including political) and 4.7% (excluding political), while interactive pacing remains strong at +32%. As of November 3, 2025, the company's balance sheet reflects $26,300,000 in cash and short-term investments.

Nov 6, 2025, 4:00 PM

Transcript

Saga Communications Reports Q3 2025 Results Amidst Revenue Decline and Strategic Shifts

SGA

Earnings

Demand Weakening

Share Buyback

Saga Communications reported a net revenue decrease of 1.8% to $28.2 million for Q3 2025, and a 3.7% decrease to $80.6 million for the nine-month period ended September 30, 2025.
The company recorded an operating loss of $626,000 for Q3 2025, primarily due to a $2 million increase in station operating expense which included a $1.7 million retroactive music licensing settlement. Without this settlement, operating income would have been $1.5 million.
Gross interactive revenue increased 32.6% in Q3 2025, largely offsetting the decrease in broadcast revenue when adjusted for political advertising. Interactive revenue for the nine-month period was up 17.1% with a 54% profit margin.
Saga entered an agreement to sell telecommunications towers for approximately $10.7 million, with $8.7 million in net proceeds received and $1.8 million in escrow. The company intends to use a portion of these proceeds for stock buybacks and continues its quarterly dividend of $0.25 per share.
As of September 30, 2025, the company held $26.3 million in cash and short-term investments.

Nov 6, 2025, 4:00 PM

Transcript

Saga Communications, Inc. Reports Q3 2025 Financial Results

SGA

Earnings

Demand Weakening

Saga Communications, Inc. reported a net loss of $532 thousand for the third quarter of 2025, resulting in a diluted loss per share of $0.08, compared to net income of $1.3 million and diluted earnings per share of $0.20 for the same period last year.
Net revenue for Q3 2025 decreased 1.8% to $28.2 million from $28.7 million in Q3 2024. For the nine months ended September 30, 2025, net revenue decreased 3.7% to $80.6 million from $83.7 million in the prior year.
Station operating expense for Q3 2025 increased 8.7% to $24.7 million, primarily due to a $2.1 million retroactive music licensing settlement covering January 1, 2022, to September 30, 2025. Without this settlement, station operating expense would have decreased by 0.5%.
The company experienced an operating loss of $626 thousand in Q3 2025, contrasting with operating income of $1.6 million in Q3 2024. The nine-month period also saw an operating loss of $1.5 million compared to operating income of $1.4 million in the prior year.
Gross political revenue significantly declined, reporting $73 thousand for Q3 2025 compared to $677 thousand for the same period last year, and $395 thousand for the nine-month period compared to $1.3 million last year.

Nov 6, 2025, 2:05 PM

8-K

Saga Communications Sells Tower Sites and Amends Credit Agreement

SGA

M&A

Share Buyback

Debt Issuance

Saga Communications, Inc. sold 22 tower sites to GTC Uno, LLC for approximately $10.7 million. The sale closed on October 17, 2025, and was effective October 1, 2025.
The company will continue to use the sold towers with no cash lease payment, making annual lease payments of $1.00 per annum for a 25-year term.
Approximately $8.7 million in sales proceeds were paid to the company, with $1.8 million placed into escrow.
Saga intends to use a portion of the proceeds from the sale to fund stock buybacks.
Concurrently, a Fourth Amendment to the Credit Agreement was executed, reducing the aggregate revolving commitments from $50,000,000 to $40,000,000 and releasing the security interest in the sold assets.