Q1 2026 Saga Communications Inc Earnings Call Transcript
(audio in progress) 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.
For 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 same period last year. This growth was not enough to surpass the decline in our traditional advertising revenue,
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