Saga Communications Reports 2024 Earnings Results

Saga Communications ( (SGA) ) has released its Q4 earnings. Here is a breakdown of the information Saga Communications presented to its investors.

Saga Communications, Inc. is a media company focused on acquiring, developing, and operating broadcast properties, primarily in the radio sector, with a presence in 28 markets across the United States.

In its latest earnings report, Saga Communications announced a slight decline in net revenue for both the fourth quarter and the full year of 2024. The company also reported increased station operating expenses and a significant drop in operating income compared to the previous year.

Key financial metrics revealed a 1.3% decrease in net revenue for the fourth quarter, totaling $28.8 million, and a 2.2% decrease for the full year, amounting to $110.3 million. Station operating expenses rose by 4.1% for the quarter and 4.5% for the year, impacting the operating income, which fell to $984,000 for the quarter and $2.4 million for the year. Net income also saw a decline, with quarterly figures at $1.3 million and annual figures at $3.5 million.

Despite the challenges, Saga Communications maintained its commitment to shareholder returns, paying quarterly dividends of $0.25 per share in December 2024 and March 2025. The company also plans to continue regular quarterly cash dividends in the future.

Looking ahead, Saga Communications remains focused on its core radio business while exploring complementary opportunities in digital, e-commerce, and local online news services. The company anticipates capital expenditures of approximately $4.0 to $4.5 million in 2025, reflecting its ongoing investment in growth and development.