Saga Communications, Inc. (SGA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Saga Communications first quarter 2026 conference call and earnings release. At this time, all participants are placed on a listen-only mode. It is now my pleasure to hand the floor over to your host, Chris Forgey. Sir, the floor is yours. Thank you, Matt, and thank you to everyone who has taken the time to join Saga's 2026 Q1 areas call. We appreciate your continued support, your interest, and your participation in Saga Communications. Again, what we believe is the best media company on the planet. With that, I'm going to turn it over to Sam Bush, our Executive Vice President and Chief Financial Officer. Sam, the floor is yours for now until I take it back from you. Very good. Thank you, Chris. This call will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties that are described in the risk factor section of our most recent form, 10-K. This call will also contain a discussion of certain non-GAAP financial measures. Reconciliation for all the non-GAAP financial measures to the most directly comparable GAAP measure are attached in the selected financial data tables. Before the quarter ended March 31, 2026, net revenue decreased 1.3 million, or 5.6%, to $22.9 million compared to $24.2 million last year. Political is not a factor in the quarter. As for the first quarter in 2025, gross political revenue was $271,000 compared to $275,000 in 2026. For 2026, we currently have $1.4 million in gross political revenue on our books compared to gross political revenue of $650,000 for the whole year in 2025 and $3.3 million for the year in 2024. Digital revenue was up 900,000, or 25.2%, to $4.4 million for the first quarter of 2026, compared to $3.5 million for the sa...