Cumulus Media(CMLS) - 2023 Q4 - Annual Results

Cumulus Media Reports Operating Results for 2023 ATLANTA, GA — February 27, 2024: 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, 2023. 2023 Key Highlights: • Generated digital revenue of $146.4 million, an increase of 2.9% year-over-year – representing 17% of total revenue ◦ Increased streaming revenue by 16% driven by audience growth from NFL streaming ◦ Grew local digital marketing ...