Saga communications, inc. reports 1st quarter 2025 results

Grosse pointe farms, mich., may 08, 2025 (globe newswire) -- saga communications, inc. (nasdaq - sga) (the “company”, “saga”, “we” or “our”) today reported that net revenue decreased 4.3% to $24.2 million for the quarter ended march 31, 2025 compared to $25.3 million for the same period last year. station operating expense decreased 2.2% for the quarter to $22.0 million compared to the same period last year. for the quarter, our operating loss was $2.3 million compared to an operating loss of $2.4 million for the same quarter last year and station operating income (a non-gaap financial measure) decreased to $2.2 million from $2.8 million for the same period last year. capital expenditures were $700 thousand for the quarter compared to $1.1 million for the same period last year. we had a net loss of $1.6 million for the quarter consistent with the same period last year. diluted loss per share was $0.25 in the first quarter of 2025.
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