The following is a summary of the Saga Communications, Inc. (SGA) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Net revenue decreased 3.5% to $28.1 million in Q3 2024 compared to $29.1 million in the same period last year.

• Station operating income was $6 million and net income was $1.3 million, or $0.20 per fully diluted share for Q3 2024.

• For the nine-month period ended September 30, 2024, net revenue decreased 2.5% to $81.5 million.

• Political revenue saw an increase with $677,000 this quarter compared to $234,000 for the same period last year.

Business Progress:

• Digital advertising shows slower growth by design due to termination of a non-profitable digital services partner.

• Implementing the blended advertising philosophy has led to increased advertising spending by clients.

• Capital expenditures for Q3 were $625,000, and the year's total is projected between $4 million and $4.6 million.

Opportunities:

• Significant growth potential remains in Oracle's digital business even after eliminating the less profitable digital revenue streams.

• Enhanced digital advertising capabilities through strategic investments in staff and technology.

Risks:

• Economic and sector-specific turbulence affecting advertising decisions, with some partners choosing between payroll and advertising expenses.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.