Cumulus Media

Cumulus Media, Inc. engages in the business of radio broadcasting. It operates through the following segments: Radio Station Group, Westwood One and Corporate and Other. The Radio Station Group segment includes the sale of broadcasting time to local, regional, and national advertisers. The Westwood One segment covers the revenues generated through network advertising. The Corporate and Other segment consists of the overall executive, administrative and support functions for each of the company’s reportable segments, including finance and administration, legal, human resources and information technology functions. The company was founded in 2002 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Cumulus Media reports steady Q4 performance amidst ad challenges

Cumulus Media's Q4 performance was steady with a focus on digital growth and cost reductions. While facing challenges in the advertising environment, the company is leveraging opportunities in pricing strategies and portfolio optimization. Analysts raised questions on ad trends and cost reduction strategies during the call.

Cumulus Media (CMLS) reports Q1 revenue decline, focuses on digital growth

Cumulus Media (CMLS) navigated revenue declines, national advertising challenges, and regional disparities in Q1 2023, emphasizing cost reductions and digital growth.
The company showcased strengths in historical cost reductions, digital marketing services growth, and a commitment to innovation and revenue diversification.
Challenges included weak national advertising, ongoing cost management, and uncertainties in improving trends, while opportunities lie in digital growth and cost efficiencies.
Management's focus on maximizing results, maintaining a strong balance sheet, and exploring growth avenues position Cumulus Media for future success amidst challenges and opportunities.

Cumulus Media exceeds EBITDA expectations with digital growth amid challenges

Cumulus Media's Q2 performance showed resilience with revenue meeting expectations and EBITDA surpassing forecasts, driven by strong growth in digital marketing services. The company faced challenges in national advertising but demonstrated cost efficiency and cash generation.
Strengths in digital revenue, cost reductions, and innovative sales strategies position Cumulus Media for future growth. Opportunities in expanding the digital sales force and capturing market share in mid-sized markets present promising avenues for the company.
To address challenges in national advertising and income statement impacts, Cumulus Media must continue its aggressive cost-cutting strategies and focus on enhancing digital marketing services. The company's adaptability and focus on efficiency will be key to navigating market dynamics.

Cumulus Media meets Q3 expectations, eyes growth amid advertising challenges

Cumulus Media's Q3 performance met expectations with a focus on digital growth, cost reductions, and debt reduction.
While facing challenges in national advertising weakness and local revenue decline, the company remains optimistic about future opportunities.
Strategic strengths in cost reduction, debt management, and growth in specific advertising sectors position Cumulus Media for future success.
Balancing challenges with opportunities, Cumulus Media aims to navigate the evolving advertising landscape with cautious optimism and strategic flexibility.

Cumulus Media reports digital growth amidst revenue challenges in 2023

Cumulus Media faced challenges in 2023 but demonstrated strength in digital and streaming revenue growth. Cost reduction efforts led to significant savings, enhancing financial flexibility.
While podcasting revenue declined, improvements were seen in the second half of the year. The company aims to address debt obligations and strengthen its balance sheet amidst macroeconomic uncertainties.
Opportunities lie in digital and streaming growth, along with continued cost reduction initiatives. Cumulus Media remains focused on navigating challenges and optimizing its financial performance.

Cumulus Media (CMLS) reports mixed Q1 results, focuses on digital growth

Cumulus Media's Q1 2024 performance reflects a mixed picture with revenue decline but notable growth in digital and marketing services.
Successful debt refinancing and expense reductions demonstrate the company's commitment to financial stability and operational efficiency.
Challenges include revenue decline and political revenue reduction, while opportunities exist in digital expansion and strategic priorities execution.
Overall, Cumulus Media remains focused on growth, cost management, and balance sheet improvement to navigate industry challenges and drive future success.

Cumulus Media reports Q2 revenue decline but strong DMS growth

Cumulus Media's Q2 performance reflected mixed results with revenue decline but strong growth in DMS business. Cost reduction efforts and debt extension were notable strengths.
Challenges include revenue decline in streaming and overall revenue pressure, with a focus on debt reduction. Opportunities lie in expanding DMS and improving streaming capabilities.
Overall, Cumulus Media remains focused on financial stability, operational efficiency, and strategic growth in key business segments.
The positive outlook and appreciation for participation in the earnings call signal confidence in the company's ability to navigate challenges and capitalize on opportunities.

Cumulus Media meets Q3 expectations, eyes digital growth opportunities

Cumulus Media's Q3 performance met expectations, with digital revenue and DMS business showing robust growth. While facing challenges in political spending and revenue pacing, the company's strengths in broadcast radio and cost management are notable. Opportunities lie in capitalizing on digital growth and maintaining financial flexibility.

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Cumulus (CMLS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Cumulus (CMLS) Soars 7.9%: Is Further Upside Left in the Stock?

ATLANTA, June 25, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) today announced that it has successfully completed its previously announced actions to pay down $175 million of debt using cash on hand as further described below.

CUMULUS MEDIA Announces Successful Completion of $175 Million Debt Paydown

Cumulus (CMLS) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Cumulus (CMLS) is on the Move, Here's Why the Trend Could be Sustainable

Cumulus (CMLS) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Despite Fast-paced Momentum, Cumulus (CMLS) Is Still a Bargain Stock

NEW YORK and LAS VEGAS, June 10, 2021 /PRNewswire/ -- CUMULUS MEDIA (NASDAQ: CMLS) announced today that it has executed an agreement with Adomni, a programmatic advertising platform with 460,000 out of home digital screens nationally, to be its exclusive sales partner to local businesses for the Uber OOH powered by Adomni cartop advertising network in markets where Cumulus operates radio stations. Uber OOH is the official Uber digital out-of-home national advertising network which, in partnership with Adomni, features two-sided internet-connected, video-enabled screens on the tops of Uber vehicles.

CUMULUS MEDIA Enters Into Exclusive Sales Partnership With Adomni

ATLANTA, May 26, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) today announced that it has initiated actions to pay down $175 million of debt using cash on hand.

CUMULUS MEDIA Accelerates its Debt Reduction by Commencing $175 Million Debt Paydown

NEW YORK, May 24, 2021 /PRNewswire/ -- WHAT:  Dan Bongino conducted a live interview with Former President Donald J. Trump for his new radio program The Dan Bongino Show.

The New Dan Bongino Show Debuted Today

NEW YORK, May 24, 2021 /PRNewswire/ -- CUMULUS MEDIA (NASDAQ: CMLS)  today flips WFAS-AM to AM1230Digital: New Talk for New York , an all-digital station. AM1230Digital is the first digital AM station broadcasting in the New York metropolitan area, the largest DMA.

CUMULUS MEDIA Launches First All-Digital AM Station In New York Metropolitan Area

NEW YORK, May 20, 2021 /PRNewswire/ -- CUMULUS MEDIA's Westwood One introduces The Dan Bongino Show, an all-new live broadcast hosted by former Secret Service Agent, best-selling author, television commentator, and podcast powerhouse Dan Bongino. With live guests and listener calls, the program showcases Bongino's natural ability to forge connections and communicate as never before.

The Dan Bongino Show Debuts May 24th On Westwood One

Xperi

CALABASAS, Calif. & NEW YORK--(BUSINESS WIRE)--DTS®, a global leader in next-generation audio, imaging and sensing technology, and a wholly owned subsidiary of Xperi Holding Corporation (NASDAQ: XPER) (“Xperi”), and CUMULUS MEDIA (NASDAQ: CMLS) a leading audio-first media and entertainment company, today announced the integration of CUMULUS MEDIA's network of radio stations into the award-winning* DTS AutoStage™ connected car infotainment platform. DTS AutoStage is the first global hybrid radio

CUMULUS MEDIA Integrates into DTS AutoStage™ Ecosystem

Cumulus Media Inc. (CMLS) CEO Mary Berner on Q1 2021 Results - Earnings Call Transcript

ATLANTA, May 05, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the three months ended March 31, 2021.

CUMULUS MEDIA Reports Operating Results for the First Quarter 2021

ATLANTA, April 06, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Wednesday, May 5th at 8:30 AM ET to discuss its first quarter 2021 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.

CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2021 Operating Results

Cumulus Media (CMLS) has moved higher as of late, but there could definitely be trouble on the horizon for this company

Cumulus Media (CMLS) Enters Overbought Territory

Cumulus Media, Inc. (CMLS) CEO Mary Berner on Q4 2020 Results - Earnings Call Transcript

Shares of Cumulus Media (NASDAQ:CMLS) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share decreased 77.65% year over year to $0.19, which beat the estimate of $0.02.

Cumulus Media: Q4 Earnings Insights

ATLANTA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the three months and year ended December 31, 2020.

CUMULUS MEDIA Reports Operating Results for 2020

ATLANTA, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 23rd at 8:30 AM ET to discuss its fourth quarter and full year 2020 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.

CUMULUS MEDIA Announces Conference Call to Discuss Operating Results for 2020

BOSTON--(BUSINESS WIRE)-- #connectedworker--Cumulus raises $8M in growth capital to scale its Internet of Tools platform to make industrial facilities cleaner, safer, and more productive.

Cumulus Raises $8M in Growth Capital to Make Industrial Facilities Cleaner, Safer, and More Productive

Cumulus Media (CMLS) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

Cumulus Media (CMLS) in Focus: Stock Moves 6.2% Higher

ATLANTA, Nov. 19, 2020 /PRNewswire/ -- CUMULUS MEDIA today announces the launch of PROJECT SHINE, a cross-platform charitable initiative, serving as a nationwide call to local volunteerism through partner VolunteerMatch, the world's largest volunteer engagement network. PROJECT SHINE will...

CUMULUS MEDIA Unveils PROJECT SHINE

Cumulus Media, Inc. (CMLS) CEO Mary Berner on Q3 2020 Results - Earnings Call Transcript

I previously covered why Cumulus Media is an undervalued cash flow machine. Since then, they have executed several expected transactions that have improved their liquidity and lowered their financing cost.

Cumulus Media Has Executed And Remains A Strong Buy

ATLANTA, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the three and nine months ended September 30, 2020.

CUMULUS MEDIA Reports Operating Results for the Third Quarter 2020

ATLANTA, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced that the Company has completed its asset sale offer to purchase $47,164,000 aggregate principal amount of its 6.750% Senior Secured First-Lien Notes due 2026 (the “Notes”), at 100% plus accrued and unpaid interest to, but not including, November 3, 2020, and such Notes were accepted for payment and subsequently cancelled. As a result, $452,836,000 aggregate principal amount of Notes remain outstanding.

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