Cumulus Media (CMLS) came out with a quarterly loss of $1.17 per share versus the Zacks Consensus Estimate of a loss of $0.83. This compares to a loss of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -40.96%. A quarter ago, it was expected that this radio station owner would post a loss of $0.72 per share when it actually produced a loss of $0.66, delivering a surprise of +8.33%.Over the last four quarters, the company ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 decreased by 11.5%, or 5% when excluding the impact of Political, The Daily Wire, and The Dan Bongino Show, consistent with prior guidance [5][18] - EBITDA for the quarter was reported at $16.7 million [18] - Digital revenue increased by 8% year-over-year, excluding the impact of The Daily Wire and Dan Bongino, with Digital Marketing Services growing by 34% [18] Business Line Data and Key Metrics Changes - Broadcast spot revenue market share grew for the third consecutive quarter, indicating strong sales execution and local programming [5] - Digital Marketing Services business saw a 34% year-over-year growth, driven by an 88% increase in new accounts and an 8% increase in campaign order size [7] - Podcasting revenue increased by 15% year-over-year, contributing to an overall digital revenue growth of over 8% when normalized [8] Market Data and Key Metrics Changes - In Dallas, the largest market, the company gained almost 4 points of market share, with total revenue up mid-single digits while peers were down nearly 10% [9] - National advertising environment remained weak, leading to a 27% decline in total network revenue, although market share was gained year-to-date [10] Company Strategy and Development Direction - The company is focused on leveraging core competencies and valuable assets, including a vast audience reach and established client relationships [15] - Plans to launch the Westwood One Sports 24/7 Network to capitalize on strong consumer brand recognition and digital distribution opportunities [11] - Continued investment in Digital Marketing Services is expected to yield strong returns, with a focus on AI-driven projects to enhance efficiency and growth [12][13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing headwinds in the broadcast radio sector but expressed confidence in outperforming peers through strategic execution [15] - The company anticipates continued revenue pacing down mid-single digits, excluding political impacts, and down mid to high teens when including those impacts [12][20] Other Important Information - The company ended the quarter with $90 million in cash and $109 million in total liquidity, with a debt maturity of $697 million [19] - A litigation against Nielsen was acknowledged, with a preliminary injunction hearing scheduled for early December [16] Q&A Session Summary - No specific questions or answers were documented in the provided content, indicating a lack of detailed Q&A during the call [21][22]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Cumulus Media Inc. (Exact Name of Registrant as Specified in its Charter) For the transition period from to Commission file number: 001-38108 Delaware 82-5134717 (Stat ...

Cumulus Media Reports Operating Results for the Third Quarter 2025 ATLANTA, GA — October 30, 2025: Cumulus Media Inc. (OTCQB: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and nine months ended September 30, 2025. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "In an advertising environment that remained challenging for legacy media, we continued to outperform. We once again gained market share in total broadcast s ...

ATLANTA, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (OTCQB: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and nine months ended September 30, 2025. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "In an advertising environment that remained challenging for legacy media, we continued to outperform. We once again gained market share in total broadcast spot as well as in digital, where our market share gains ...

Armen Williams Headshot Armen Williams Headshot NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Cumulus Media’s Westwood One today announced the appointment of Armen Williams as Executive Director of Westwood One Sports 24/7 Programming, where he will lead the development and production of the network’s new round-the-clock sports content. Williams officially joins the team on Monday, November 3, with an immediate focus on building and executing the 24/7 sports programming slate. In his new role, Williams wi ...

Audacy Logo Audacy Logo “The Jim Rome Show” to Anchor New Lineup Audacy’s “You Better You Bet” and “BetMGM Tonight” Join Westwood One Sports ATLANTA and NEW YORK, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Cumulus Media’s Westwood One and Audacy today announced that the Infinity Sports Network will be rebranded as Westwood One Sports, effective December 29, 2025. This strategic move solidifies both companies as recognized leaders in national sports audio. Westwood One Sports’ 24/7 network will continue to delive ...

ATLANTA, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (OTCQB: CMLS) will host a conference call on Thursday, October 30th at 8:30 AM ET to discuss its third quarter 2025 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. To participate in the conference call, please register in advance using this link. NetRoadshow (NRS) is the service provider for this call. Registration requires a one-time only email address verificat ...

NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Cumulus Media’s (OTCQB: CMLS) Westwood One today announced that The Next Role with Vernon Davis has joined the Cumulus Podcast Network. Former NFL star and Super Bowl champion turned actor and producer Vernon Davis launched The Next Role, his new podcast that focuses on career transition and reinvention. The Next Role with Vernon Davis combines cinematic storytelling with deep, thought-provoking conversations exploring the transformative journeys of athletes, arti ...

Conservative Gen Z Activist CJ Pearson to Host the Podcast Family Matters Family Matters Podcast NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Cumulus Media’s (OTCQB: CMLS) Westwood One today announced that Family Matters has joined the Cumulus Podcast Network. Hosted by CJ Pearson, Family Matters tackles the most pressing social, cultural, and political issues in America as told from a perspective rarely heard in podcasting: conservative, culturally aware, and authentically Black. With a voice that loves ...