Saga Communications Q2 revenue falls 6.5% to $26.4 million, net income $960 thousand
Saga Communications reported second-quarter 2026 net revenue of $26.4 million, down 6.5% from $28.2 million a year earlier, with net income of $960 thousand and diluted EPS of $0.15 versus $0.18. For the six months, revenue fell 6.0% to $49.3 million and the company posted a net loss of $1.4 million, or $0.23 per diluted share, compared with a $447 thousand loss a year earlier. Shareholders face lower revenue and a six-month loss, partly offset in the quarter by a $1.5 million gain on asset sales.
Key points
- Q2 2026 net revenue $26.4 million, down 6.5% from $28.2 million; station operating income fell 50.6% to $3.0 million
- Q2 2026 net income $960 thousand, diluted EPS $0.15, versus $1.1 million and $0.18 in Q2 2025
- Six-month 2026 operating loss of $2.6 million and net loss of $1.4 million, versus $889 thousand and $447 thousand in 2025
- Cash and short-term investments were $22.9 million as of August 10, 2026, versus $27.8 million at June 30, 2026, after repaying the $5.0 million revolver in full
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.