Salem Media Group has issued its first quarter earnings report.
Salem reported a revenue drop of 11.8% from $58.6 million in Q1 2024 to $51.7 million in 2025. The company noted the decline was primarily from weaker performance in the company’s core broadcast segment as net broadcast revenue dropped 13.6% from last year to $39.8 million. Digital revenue was down from $10.7 million to $10.2 million and publishing fell from $1.8 million to $1.6 million.
Salem reported a net loss of $7.1 million, which increased from $5.2 million in Q1 2024. The increase was due to the revenue declines and restructuring expenses tied to the sale of its remaining Christian AC stations to K-Love Inc. That included $3.7 million in restructuring charges during the first quarter from employee terminations and contract settlements tied to the K-Love deal.
Salem also noted it had completed the sales of its office building in Greenville SC for $1 million and its easement and interest in a tower lease in Nashville for $1 million during the quarter. It also closed on its sale of KZTS Little Rock AR for $700,000.
Salem ended the quarter with $0 in case on hand. It ended the quarter with total assets of $422.7 million and stockholders’ equity of $181.8 million, down from $189 million at the end of 2024.
