Cumulus Media Reports Q3 2025 Earnings Amid Challenges

Cumulus Media ( (CMLS) ) has released its Q3 earnings. Here is a breakdown of the information Cumulus Media presented to its investors.

Cumulus Media is a leading audio-first media company that operates 395 radio stations across 84 markets and provides digital marketing services, engaging a vast audience through various platforms including radio, podcasts, and digital content.

In its third-quarter earnings report for 2025, Cumulus Media highlighted its strategic focus on digital growth and cost reduction amidst a challenging advertising environment. The company reported a decline in total net revenue and an increased net loss compared to the previous year, but emphasized its market share gains in digital marketing services.

Key financial metrics revealed a total net revenue of $180.3 million, marking an 11.5% decline year-over-year, and a net loss of $20.4 million, nearly doubling from the previous year’s loss. Despite these declines, digital marketing services saw a significant growth of 34%, now accounting for half of the company’s digital revenue. Additionally, Cumulus Media achieved $7 million in annualized fixed cost reductions, contributing to a total of $182 million in savings since 2019.

The company ended the quarter with $90.4 million in cash and reported a total debt of $722.2 million. Adjusted EBITDA for the quarter was $16.7 million, down from $24.1 million in the same period last year. Cumulus Media continues to focus on re-engineering its business and implementing AI initiatives to drive future efficiencies and growth.

Looking ahead, Cumulus Media remains committed to optimizing performance and leveraging its assets for long-term success, despite anticipating continued challenges in the advertising market. The management’s strategic initiatives are aimed at positioning the company for sustained growth and value maximization.