Saga Communications has released its 2025 third-quarter financial results, and the company reported a slight downturn in overall revenue.
The company shared that its net revenue for the period was $28.2 million, which represents a 1.8% decline year-over-year.
A large portion of that decline can be tied to the lack of political advertising in 2025. During July, August, and September 2024, the company earned $677,000 from political advertising. In 2025, that figure fell to $73,000 during those months.
The company shared that operating expenses rose 8.7% during the quarter, up to $24.7 million. However, much of that can be tied to a $2.1 million settlement with music licensing companies ASCAP and BMI for payments from 2022 through 2025 that were errantly reported. When that expense is removed, Saga Communications reported an operating expense increase of 0.5%.
During the quarter, Saga posted an operating loss of $626,000. During the same time period last year, the company saw an operating income of $1.6 million.
Additionally, the company shared that it paid its $.25 per share quarterly dividend in September, amounting to $1.6 million. It is also considering more stock buybacks in the future.
The financial result reports come on the heels of Saga Communications sharing that it had inked a deal worth more than $10 million to sell the land at 22 of its tower sites.
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