Saga Communications Q3 revenue falls, net loss widens
SGA•Saga Communications’ third-quarter revenue fell 5.4% year over year to $26.7 million, while its net loss widened to $7.1 million, including a $9.2 million non-cash impairment charge. The company expects about $154,000 in quarterly non-cash rental expense and $3.0 million to $3.5 million in 2026 capital expenditures.
1. Quarterly results
Saga Communications reported third-quarter revenue of $26.7 million, down 5.4% year over year and below the $27.6 million estimate. Its net loss widened to $7.1 million, and its operating loss was $9.8 million.
2. Impairment and outlook
The company recorded a $9.2 million non-cash impairment charge, which it said was driven by higher interest rates, lower operating margins and reduced market revenue projections. The sale of telecom towers reduced third-quarter net revenue by $188,000 and led to non-cash rental expense; Saga expects about $154,000 in such expense per quarter going forward. It expects 2026 capital expenditures of $3.0 million to $3.5 million.
3. Political advertising
Gross political revenue rose to $1.2 million in the third quarter from $73,000 in the third quarter of 2025. Saga said it had sold approximately $3.6 million in gross political revenue for the fourth quarter.
