What guidance did management provide for Q3 2025 revenue and earnings, and does it address the 5% revenue decline?
Guidance for Q3 2025 – Not Included in the Release
The news release you provided reports Saga Communications’ second‑quarter (Q2 2025) results. It details the following key points for the quarter ending June 30 2025:
| Metric | Q2 2025 | Q2 2024 (YoY) |
|---|---|---|
| Net revenue | $28.2 million (‑5.0 % vs. $29.7 M) | |
| Station operating expense | $22.2 million (‑4.6 %) | |
| Operating income | $1.4 million (vs. $2.1 M) | |
| Station operating income (non‑GAAP) | $6.0 million (‑6.4 %) | |
| Capital expenditures | $1.3 million (vs. $1.5 M) | |
| Net income | $1.1 million (vs. $2.5 M) | |
| Diluted EPS | $0.18 |
The release does not contain any forward‑looking guidance for the third quarter of 2025 (Q3 2025) – neither a revenue target nor an earnings outlook is provided. Consequently, we cannot answer:
- What guidance management gave for Q3 2025 revenue? – No guidance is disclosed in the article.
- What guidance management gave for Q3 2025 earnings (e.g., EPS or net income)? – No guidance is disclosed.
- Whether the guidance addresses the 5 % revenue decline observed in Q2 2025. – Since no Q3 guidance is offered, there is nothing to address or offset the Q2 decline.
Why the Answer Is Limited
- The press release is strictly a quarter‑ended results announcement (Q2 2025).
- Companies sometimes issue quarter‑to‑quarter guidance in a separate “Management Outlook” or “Guidance” section, but that section is absent here.
- The only forward‑looking statement in the release is the mention of the Q2 results; there is no projection for Q3, Q4, or the full‑year 2025.
What This Means for Stakeholders
- Investors and analysts looking for Q3 expectations will need to wait for a subsequent earnings call, a separate press release, or a filing (e.g., a Form 8‑K) that contains the company’s guidance.
- The 5 % YoY revenue decline is highlighted, but without Q3 guidance we cannot assess whether management expects the trend to continue, stabilize, or reverse in the next quarter.
- Decision‑making (e.g., valuation adjustments, coverage updates) should therefore be based on the historical Q2 performance and any other publicly available information (e.g., prior guidance for 2025, macro trends, or segment performance) until Q3 guidance is officially released.
Bottom Line
Based on the information you supplied, Saga Communications did not provide any Q3 2025 revenue or earnings guidance, and therefore there is no statement that addresses or contextualizes the 5 % revenue decline reported for Q2 2025. To obtain that guidance, you would need to locate a later communication from the company (e.g., a Q3 earnings release, a conference call transcript, or an SEC filing) that specifically contains the forward‑looking outlook.