Salem Media Group, Inc.

OTCPK:SALM Stock Report

Market Cap: US$30.2m

Salem Media Group Past Earnings Performance

Past criteria checks 0/6

Salem Media Group's earnings have been declining at an average annual rate of -40.4%, while the Media industry saw earnings growing at 7.3% annually. Revenues have been declining at an average rate of 3.5% per year.

Key information

-40.39%

Earnings growth rate

-39.44%

EPS growth rate

Media Industry Growth13.17%
Revenue growth rate-3.51%
Return on equity-17.18%
Net Margin-14.53%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article • Jul 24

Here's Why Salem Media Group (NASDAQ:SALM) Is Weighed Down By Its Debt Load

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 07

Salem Media Group (NASDAQ:SALM) Seems To Be Using A Lot Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Nov 01

Is Salem Media Group, Inc. (NASDAQ:SALM) Potentially Undervalued?

Salem Media Group, Inc. ( NASDAQ:SALM ), might not be a large cap stock, but it led the NASDAQGM gainers with a...
Analysis Article • Oct 05

Here's Why We Think Salem Media Group (NASDAQ:SALM) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Seeking Alpha • Oct 03

Chris Stigall signs multi-year extension with Philadelphia's AM 990

Salem Media Group (NASDAQ:SALM) has announced that Chris Stigall has signed a multi-year extension to remain with Philadelphia’s AM 990, The Answer as host of “Philadelphia’s Morning Answer with Chris Stigall”. In addition to his morning show extension, Chris’ highly successful “Chris Stigall Show” podcast will join the Salem Podcast Network to add to its ever-expanding roster of great content. "He has secured such an attentive audience that can’t wait to listen and call in to him every day Monday through Friday.” said Salem Media Group Philadelphia General Manager, Lorenzo Caldara.
Seeking Alpha • Sep 07

Salem Media sees Q3 revenue flat to up 2% y/y

Salem Media (NASDAQ:SALM) notifies revisions to its third quarter 2022 revenue. Taking into account the postponement of the forthcoming book, 2000 Mules by Dinesh D'Souza, until the fourth quarter, lower than expected revenue on SalemNOW and the impact on advertising revenue due to the weakening economic environment. The company now expects third quarter 2022 total revenue to be between flat and an increase of 2% over third quarter 2021 total revenue of $66.0M vs. consensus $70.17M. Shares are down 3.15% after-hours.
Analysis Article • Aug 30

Is Salem Media Group (NASDAQ:SALM) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Jul 20

Is It Too Late To Consider Buying Salem Media Group, Inc. (NASDAQ:SALM)?

Salem Media Group, Inc. ( NASDAQ:SALM ), might not be a large cap stock, but it saw a significant share price rise of...
Analysis Article • Jun 15

Is Now The Time To Put Salem Media Group (NASDAQ:SALM) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • May 11

Salem Media Group (NASDAQ:SALM) Takes On Some Risk With Its Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 02

Salem Media Group (NASDAQ:SALM) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Sep 23

What Is Salem Media Group, Inc.'s (NASDAQ:SALM) Share Price Doing?

Salem Media Group, Inc. ( NASDAQ:SALM ), might not be a large cap stock, but it led the NASDAQGM gainers with a...
Analysis Article • Aug 12

Salem Media Group's (NASDAQ:SALM) Robust Earnings Are Supported By Other Strong Factors

Salem Media Group, Inc.'s ( NASDAQ:SALM ) strong earnings report was rewarded with a positive stock price move. We have...

Revenue & Expenses Breakdown

How Salem Media Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:SALM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26207-302100
31 Dec 25213-352190
30 Sep 25217-1180
30 Jun 25224-6190
31 Mar 2523114190
31 Dec 24238162320
30 Sep 24244-9180
30 Jun 24249-34180
31 Mar 24254-43190
31 Dec 23259-43190
30 Sep 23262-46180
30 Jun 23265-26190
31 Mar 23268-10190
31 Dec 22267-3190
30 Sep 2226716190
30 Jun 2226650190
31 Mar 2226243180
31 Dec 2125842170
30 Sep 2125428170
30 Jun 212486170
31 Mar 212371160
31 Dec 20236-54160
30 Sep 20236-62150
30 Jun 20240-82160
31 Mar 20252-83160
31 Dec 19254-28160
30 Sep 19256-26160
30 Jun 19258-5160
31 Mar 19259-4150
31 Dec 18263-3150
30 Sep 1826322150
30 Jun 1826321150
31 Mar 1826324150
31 Dec 1726425160
30 Sep 172675160
30 Jun 172737160
31 Mar 1727510160
31 Dec 162749140
30 Sep 1627311150
30 Jun 1626911150
31 Mar 1626911150
31 Dec 1526611150
30 Sep 152636150
30 Jun 152658150

Quality Earnings: SALM is currently unprofitable.

Growing Profit Margin: SALM is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SALM is unprofitable, and losses have increased over the past 5 years at a rate of 40.4% per year.

Accelerating Growth: Unable to compare SALM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SALM is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (1.1%).

Return on Equity

High ROE: SALM has a negative Return on Equity (-17.18%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 09:41
End of Day Share Price 2026/06/04 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Salem Media Group, Inc. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen WeissBofA Global Research
Eric WoldB. Riley Securities, Inc.
Michael KupinskiNOBLE Capital Markets, Inc.