May. 8 at 2:38 PM
Noble Capital Markets Research Report: Saga Communications (
$SGA) – Digital Investments Take A Toll
Q1 results. The company reported Q1 revenue of
$22.9 million and adj. EBITDA loss of
$1.6 million below our estimates of
$24 million and a loss of
$0.8 million, respectively, as illustrated in Figure #1 Q1 Results. Results were impacted by softness in traditional broadcast revenue, while digital Interactive revenue remained a bright spot, increasing 25% y-o-y.
Read full report here: https://www.channelchek.com/news-channel/saga-communications-sga-digital-investments-take-a-toll
