Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024

ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced selected preliminary operating results for the three months ended March 31, 2024. For the three months ended March 31, 2024, the Company expects to report net revenue in a range of $199.0 million to$201.0 million, net loss in a range of $(14.9) million to$(13.4) million, and Adjusted EBITDA(1) in a range of $7.65 million to$9.15 million. The Company will issu ...