Cumulus Media Inc.

Cumulus Media Inc.

CMLSQ
Cumulus Media Inc.US flagOther OTC
0.01
USD
- -
- -
122,054.00Market Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
25.12
44.69
40.05
38.99
38.75
- -
55.26
40.18
44.56
48.75
48.91
49.03
42.68
41.21
Basic EPS, GAAP
4.05
0.42
-18.73
-17.45
-7.05
- -
3.04
-2.94
0.84
0.83
-6.83
-16.79
-11.55
-10.62
Free Cash Flow per Basic Share
-4.94
4.54
2.83
1.22
2.95
- -
5.17
1.63
3.33
4.01
1.83
-0.18
-1.23
-2.13
Dividend per Share
0.23
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-20.56
-29.28
-47.18
-64.48
-71.43
3.71
6.09
3.1
3.9
4.93
-1.24
-18.06
-29.08
-29.94
Tangible Book Value per Share
-65.02
-90.3
-83.62
-78.02
-72.28
-44.66
-26.78
-28.18
-26.39
-26.32
-31.91
-34.86
-37.94
-38.5
Basic Weighted Avg Shares
41
28
29
29
29
17
20
20
21
20
17
17
17
17
Sales/Revenue/Turnover
1,026
1,263
1,169
1,141
1,136
- -
1,113
816
916
954
845
827
742
719
Operating Margin (%)
17.72
12.7
9.35
8.8
10.83
- -
11.9
0.83
5.62
9.84
0.94
-1.67
-3.98
-5.79
Depreciation Expense
117
115
102
87
62
- -
77
52
54
56
58
59
54
52
Net Income, GAAP
176
12
-546
-511
-207
- -
61
-60
17
16
-118
-283
-201
-185
Effective Tax Rate (%)
- -
46.56
- -
- -
- -
- -
26.66
- -
14.72
17.19
- -
- -
- -
- -
Profit Margin (%)
17.16
0.93
-46.76
-44.75
-18.19
- -
5.5
-7.32
1.89
1.7
-13.96
-34.25
-27.06
-25.76
Working Capital
221
215
237
339
357
278
241
374
267
200
143
114
85
177
LT Debt
2,621
2,485
2,403
2,384
- -
1,230
1,118
1,097
925
834
786
768
791
1
Total Equity
513
542
16
-492
-696
390
455
398
419
408
287
7
-192
-208
Return on Invested Capital (%)
- -
2.78
- -
- -
- -
- -
6.01
- -
3.04
5.9
- -
- -
- -
- -
Return on Capital (%)
- -
4.82
- -
- -
- -
- -
9.09
- -
6.48
6.83
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
66.54
-64.34
24.13
18.37
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
52
51
- -
LT Borrowings
696
695
- -
LT Finance Leases
96
96
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
18
Market Capitalization
2
1
- -

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
265
243
214
Cash, Cash Equivalents & STI
90
82
58
Accounts Receivable, Net
139
141
133
Inventories
- -
- -
- -
Total Current Liabilities
152
158
36
Payables & Accruals
101
98
36
ST Debt
52
51
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-625.74%
-595.97%
-2,855.3%
Free Cash Flow
- -
107.08%
584.07%
Net Income, GAAP
- -
-169.98%
-29.14%
Sales/Revenue/Turnover
- -
-1.5%
-10.32%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
200
205
204
219
827
2025
187
186
180
188
742
2026
164
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.85
-1.64
-0.61
-13.6
-16.79
2025
-1.88
-0.74
-1.17
-7.75
-11.55
2026
-0.96
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Mary G. Berner
Full Time Employees
2,862
Sector
Communication Services
Industry
Broadcasting
Address
780 Johnson Ferry Road NE Atlanta GA United States of America 30342
IPO Date
Aug 7, 2018
Business
Cumulus Media Inc. operates as an audio-first media and entertainment company in the United States, owning and operating a network of radio stations and delivering advertising, marketing services, and digital solutions to broad audiences. Founded in 2002 and headquartered in Atlanta, Georgia, the company reaches audiences nationwide through 415 owned stations across 86 markets and leverages approximately 7,300 affiliated stations via Westwood One to extend reach. Main products and services include local radio programming across news, talk, sports, and entertainment; nationally syndicated content and sports coverage (including partnerships with the NFL, NCAA, Masters, CNN, AP News, and other major brands); digital marketing services and programmatic advertising capabilities; podcasting and audio-on-demand offerings; advertising sales and turnkey marketing solutions for advertisers; audience measurement, data-driven targeting, and audience insights; live event experiences and branded content integrations; and related creative services, production facilities, and talent management. The company emphasizes premium local content alongside scalable national and digital audio products to support advertiser performance and audience engagement. Latest major company changes include a strategic debt reduction plan initiated in 2026 through a prepackaged Chapter 11 filing to eliminate substantially all remaining debt, restructure the balance sheet, and raise new liquidity via a small amount of convertible notes and a revised asset-based revolving facility, with operations continuing in the ordinary course during the restructuring; ongoing efforts to strengthen financial flexibility and preserve key personnel, listener relationships, and existing partnerships; and continued execution of investments in premium content, enhanced audience experiences, and expansion of digital marketing offerings post-emergence. Cumulus maintains its emphasis on operational continuity for stations, talent, and advertisers throughout the process and anticipates court approvals and regulatory clearances as part of the reorganization. Industry and business segments include local radio broadcasting, national and regional programming through Westwood One, digital audio and podcast networks, advertising sales for local and national campaigns, branded content, live events, and data-driven marketing solutions. Target markets comprise advertisers seeking broad local presence and national reach, including automotive, retail, consumer brands, financial services, and entertainment sectors, with a focus on local market penetration complemented by scalable national distribution. Geographic operations span the United States, with headquarters and principal operations centered in Atlanta, Georgia, and corporate activities managed from there; the company maintains a nationwide footprint through its stations, affiliates, and digital platforms. Subsidiaries and affiliates include owned stations and Westwood One, with potential reorganizational changes accompanying the 2026 restructuring. Founder year and headquarters: established in 2002; headquarters in Atlanta, Georgia. The company’s corporate structure is designed to integrate local station content with national and digital advertising platforms, enabling advertisers to reach diverse listener segments through traditional broadcasting, online streams, podcasts, and on-demand audio experiences. Cumulus also emphasizes industry partnerships and content licensing with major sports, news, and entertainment brands to augment its programming slate and sponsorship opportunities.

Company News

APIChatGPT
  • Cumulus Media Announces Agreement to Eliminate Substantially All Remaining Debt and Significantly Strengthen Financial Position

  • Cumulus Media's Westwood One Presents Audio Coverage of 2026 College Basketball Conference Championship Week

  • Mark Levin to Launch New Vodcast Series Across YouTube and Rumble

  • UPDATE – Westwood One Presents NFL Super Bowl LX Game-Day Coverage

  • Westwood One Presents NFL Super Bowl LX Game-Day Coverage

  • Westwood One to Broadcast NFL Championship Sunday, Presented by Intuit TurboTax

  • Cumulus Media and Eon Media Form Joint Partnership to Develop and Launch AI-Driven Initiatives

  • Westwood One to Broadcast NFL Divisional Round, Presented by Intuit TurboTax

  • Cumulus Media Appoints Carol Flaton to Board of Directors

  • Westwood One and Barbasol Celebrate 20 Years of Partnership Sponsoring the NFL on Westwood One

  • Dan Bongino Returns To the Cumulus Podcast Network With the Relaunch of The Dan Bongino Show

  • Westwood One to Broadcast NFL Wild Card Weekend, Powered by Verizon

  • Westwood One Sports Unveils Sports Talk Lineup

  • Westwood One Scores Savanah Bananas' Broadcast Entertainer Drake C. Toll to Host Mornings on New 24/7 Sports Talk Lineup

  • McGraw Milhaven to Host Nationally Syndicated America at Night

  • Shots Podcast Network Joins Cumulus Podcast Network, Bringing Unfiltered Entertainment to Millions of Listeners

  • Chris Van Vliet Joins Cumulus Podcast Network

  • Cumulus Media Inc. (CMLS) Q3 2025 Earnings Call Prepared Remarks Transcript

  • Cumulus Media (CMLS) Reports Q3 Loss, Beats Revenue Estimates

  • Cumulus Media Reports Operating Results for the Third Quarter 2025