The earnings call reflects a company facing significant revenue challenges due to macroeconomic pressures and weak national advertising, partially offset by strong digital growth and effective cost management. While there are positive strategic initiatives and engagement from employees and shareholders, the revenue decline and high leverage present ongoing challenges.

Company Guidance

In the call, Cumulus Media provided guidance reflecting a challenging fiscal environment but highlighted several key performance metrics. The company reported a 9.2% decline in total revenue for Q2 2025, slightly better than previous guidance, with a significant decline attributed to macroeconomic pressures. Despite these challenges, Cumulus Media noted a 38% year-over-year increase in their local digital marketing services business, contributing to a 20% rise in total digital revenue. The company achieved over $175 million in fixed cost reductions over five years, including $5 million in Q2, and ended the quarter with $97 million in cash, partly due to a $55 million draw on their ABL revolver. Additionally, the company's broadcast segment faced headwinds, with a 20% decline in network revenue partly due to the discontinuation of certain programs. Looking ahead to Q3, Cumulus Media anticipates revenue pacing down in the low double digits but remains optimistic about digital growth, projecting their digital marketing services business to surpass a $100 million run rate early next year.

Digital Marketing Services Growth

Digital marketing services business was up 38% year-over-year, with an expected surpass of $100 million run rate early next year. This reflects a strategic growth area for the company with a significant contribution to digital revenue.

Cost Reduction Achievements

The company has achieved over $175 million of fixed cost reductions over the last 5 years, with an additional $5 million in annualized cost reductions in the recent quarter.

Revenue Market Share Growth

Cumulus Media grew its revenue market share in all broadcast spot revenue channels and digital revenue market share, indicating strong performance relative to peers.

AI Integration and Efficiency

Significantly accelerated use of AI to create growth opportunities and business efficiencies across the company, with over 100 projects being prioritized for execution.

Strong Employee and Shareholder Engagement

93% of employees proud to work for Cumulus, and 86% have confidence in leadership. Shareholder engagement resulted in 90% plus average vote for Board members.

Cumulus Media (CMLS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CMLS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.82 / -	-0.61	―	―	―
Aug 07, 2025	2025 (Q2)	-0.72 / -0.74	-1.64	54.88% (+0.90)	―
May 01, 2025	2025 (Q1)	-1.29 / -1.88	-0.85	-121.18% (-1.03)	―
Feb 27, 2025	2024 (Q4)	-0.57 / -13.60	-5.94	-128.96% (-7.66)	―
Nov 01, 2024	2024 (Q3)	-0.54 / -0.61	0.16	-481.25% (-0.77)	―
Aug 02, 2024	2024 (Q2)	-0.48 / -1.64	-0.06	-2633.33% (-1.58)	―
May 03, 2024	2024 (Q1)	-1.32 / -0.85	-1.17	27.35% (+0.32)	―
Feb 27, 2024	2023 (Q4)	-0.59 / -5.94	0	―	―
Oct 27, 2023	2023 (Q3)	-0.34 / 0.16	0.45	-64.44% (-0.29)	―
Jul 28, 2023	2023 (Q2)	-0.37 / -0.06	0.42	-114.29% (-0.48)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CMLS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$0.17	$0.17	0.00%
May 01, 2025	$0.23	$0.19	-17.39%
Feb 27, 2025	$0.90	$0.90	0.00%
Nov 01, 2024	$1.17	$0.94	-19.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cumulus Media (CMLS) report earnings?

Cumulus Media (CMLS) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Cumulus Media (CMLS) earnings time?

Cumulus Media (CMLS) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CMLS EPS forecast?

CMLS EPS forecast for the fiscal quarter 2025 (Q3) is -0.83.

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