CMLS
Cumulus Media Inc.0.0970
-0.0120-11%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.69MP/E (TTM)
-Basic EPS (TTM)
-17.47Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Cumulus Media's Q3 revenue fell 11.5% year-over-year to $180.3M, driven by softer spot and network ad sales amid macroeconomic headwinds, while digital revenue dipped slightly but other revenue ticked up on trade deals. Content costs plunged 21.1% y/y, trimming the operating loss to $4.3M from a $6.7M gain last year, though corporate expenses jumped 73.1% due to an $8.0M royalty settlement accrual. Net loss widened to $20.4M or $1.17 per diluted share on 17.4M shares, with the gap to operating loss mainly from $16.6M interest expense. Cash climbed to $90.4M after a $55.0M revolver draw, supporting $696.2M long-term debt maturing mostly in 2029; free cash flow turned positive at $6.7M (derived). Gains from Vertical Bridge site terminations added $1.2M. Yet competition from streaming platforms squeezes ad budgets.
8-K
Q3 revenue dips, digital shines
Cumulus Media reported Q3 2025 net revenue of $180.3 million, down 11.5% year-over-year amid a tough ad market, yet digital marketing services surged 34% to claim half of digital revenue. The company notched a $20.4 million net loss, wider than last year's $10.3 million, while trimming fixed costs by $7 million annually. Cost controls sharpen focus. Adjusted EBITDA fell to $16.7 million from $24.1 million, but leadership eyes AI-driven efficiencies to counter headwinds.
8-K
Q2 revenue dips, digital surges
Cumulus Media reported Q2 2025 net revenue of $186.0 million, down 9.2% year-over-year amid tough advertising conditions, yet narrowed its net loss to $12.8 million from $27.7 million. Digital marketing services surged 38%, now half of digital revenue, while broadcast spot sales dropped 10.5%; the company executed $5 million in annualized cost cuts, lifting total savings to $175 million over five years. Adjusted EBITDA fell 11.3% to $22.4 million. Digital outperformance signals resilience.
10-Q
Q2 FY2025 results
Cumulus Media swung to an operating profit of $3.7 million in Q2 2025 ended June 30, up from a $9.6 million loss a year earlier, while net revenue dipped 9.2% year-over-year to $186.0 million amid macroeconomic pressures on spot and network ads. Content costs plunged 19.3% year-over-year, and corporate expenses halved after lopping off debt exchange fees, lifting gross margins nicely. Yet net loss narrowed to $12.8 million from $27.7 million, with diluted EPS at $(0.74) matching basic on 17.4 million shares—no dilution flagged. Cash climbed to $96.7 million after a $55.0 million revolver draw, supporting $7.5 million operating cash use; total debt hit $720.2 million, with key maturities in 2029. The firm booked a $1.4 million impairment on Nashville assets held for sale. Competition from digital streaming squeezes radio ad dollars.
8-K
Annual meeting approves all proposals
Cumulus Media's stockholders convened their annual meeting on May 30, 2025, electing all seven director nominees with strong support—Mary G. Berner topping votes at 9.7 million for, though some withheld up to 1.1 million. The advisory vote approved executive compensation, while ratification of PricewaterhouseCoopers as auditors passed overwhelmingly with 13.3 million yes votes. All proposals succeeded. This signals board stability amid media sector pressures.
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