Overview

* Saga Q2 revenue falls 5%, missing analyst expectations, per LSEG data

* Net income for Q2 declines significantly compared to last year

* Co in talks to sell tower sites, proceeds may fund stock buybacks

Outlook

* Saga expects to spend $3.0-$3.5 mln on capital expenditures in 2025

* Company in negotiations to sell tower sites for high 7 or low 8 figures

* Saga plans to use proceeds from asset sales for stock buybacks

Result Drivers

* REVENUE DECLINE - Net revenue decreased 5% due to lower gross political revenue compared to last year

* EXPENSE REDUCTION - Station operating expenses decreased 4.6%, partially offsetting revenue decline

* ASSET SALES - Co in talks to sell tower sites, proceeds may fund stock buybacks

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $28.20 $28.60

Revenue mln mln (1

Analyst)

Q2 EPS $0.18

Q2 Net $1.10

Income mln

Q2 Capex $1.30

mln

Q2 $1.40

Operatin mln

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)