Aug. 14 at 2:52 PM
Noble Capital Markets Research Report: Saga Communications (
$SGA) – Investment Spending Weighs On Margins
Q2 exceeded expectations. Revenue declined 6.5% year over year to
$26.4 million, beating our estimate of
$25.5 million by 3.5%. Additionally, adj. EBITDA of approximately
$1.1 million compared favorably with our
$0.1 million estimate. The beat reflected growth in blended digital revenue, which cushioned double-digit declines across the traditional broadcast business.
Read full report here: https://www.channelchek.com/news-channel/saga-communications-sga-investment-spending-weighs-on-margins