Overview

* Saga Q3 net revenue decreases 1.8% to $28.2 mln, slightly missing expectations

* Company reports Q3 net loss of $532,000, impacted by music licensing settlement

* Saga sells telecommunications towers for $10.7 mln, boosting cash reserves

Outlook

* Saga expects 2025 capital expenditures to be $3.25 - $3.75 mln

* Saga intends to continue paying regular quarterly cash dividends

* Saga may consider special dividends or stock buybacks

Result Drivers

* MUSIC LICENSING SETTLEMENT - Co attributes increased station operating expense to a $2.1 mln retroactive rate adjustment with ASCAP and BMI

* POLITICAL REVENUE DECLINE - Gross political revenue decreased significantly, impacting overall revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $28.20 $28.30

Revenue Miss* mln mln (1

Analyst)

Q3 Net -$532,00

Income 0

Q3 Capex $600,000

Q3 -$626,00

Operatin 0

g Income

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the broadcasting peer group is "buy"

* Wall Street's median 12-month price target for Saga Communications Inc ( SGA ) is $18.00, about 31.6% above its November 5 closing price of $12.32

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

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(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.)