Earnings summaries and quarterly performance for CUMULUS MEDIA.
Executive leadership at CUMULUS MEDIA.
Board of directors at CUMULUS MEDIA.
Research analysts who have asked questions during CUMULUS MEDIA earnings calls.
Michael Kupinski
Noble Capital Partners
4 questions for CMLS
Also covers: BOWL, CDRO, DRCT +12 more
Patrick Sholl
Barrington Research
2 questions for CMLS
Also covers: CCO, CNK, CURI +14 more
AW
Aaron Watts
Deutsche Bank
1 question for CMLS
Also covers: CCO, GTN, IHRT +3 more
AS
Avi Steiner
JPMorgan Chase & Co.
1 question for CMLS
Also covers: CCO, GTN, SSP +1 more
PS
Patrick Shaw
Univerbod
1 question for CMLS
Recent press releases and 8-K filings for CMLS.
Cumulus Media Reports Q3 2025 Results with Revenue Decline and Strong Digital Growth
CMLS
Earnings
Guidance Update
Demand Weakening
- Q3 2025 total revenue for Cumulus Media decreased by 11.5%, or 5% when excluding the impact of Political, The Daily Wire, and The Dan Bongino Show.
- The company's Digital Marketing Services (DMS) revenue demonstrated strong growth, increasing by 34% year-over-year in Q3 2025, contributing to an over 8% increase in total digital revenue (normalized for specific comparisons).
- Cumulus Media implemented $7 million in annualized fixed cost reductions during Q3 2025, bringing year-to-date savings to $20 million and total fixed cost reductions over the last five years to over $182 million.
- Cumulus Media ended the quarter with $90 million of cash and $109 million of total liquidity.
- For Q4 2025, total revenue is projected to be down mid-single digits (excluding Political, The Daily Wire, and Dan Bongino) and down mid to high teens (including those impacts). The company also initiated legal proceedings against Nielsen with a preliminary injunction hearing in early December.
Oct 30, 2025, 12:30 PM
Cumulus Media Reports Q3 2025 Operating Results
CMLS
Earnings
Demand Weakening
New Projects/Investments
- Cumulus Media Inc. reported net revenue of $180.3 million for Q3 2025, representing an 11.5% decline year-over-year.
- The company experienced a net loss of $20.4 million in Q3 2025, compared to a net loss of $10.3 million in Q3 2024.
- Adjusted EBITDA for Q3 2025 was $16.7 million, a decrease from $24.1 million in the prior year period.
- Digital revenue for Q3 2025 was $39.0 million, a 2.6% decrease year-over-year, although digital marketing services grew by 34%.
- Cumulus Media ended Q3 2025 with $90.4 million in cash and total debt of $722.2 million, while also achieving $7 million in annualized fixed cost reductions during the quarter.
Oct 30, 2025, 12:03 PM
Quarterly earnings call transcripts for CUMULUS MEDIA.
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