The earnings call presented a mixed picture. While the company showed strong growth in its digital marketing services and increased its market share across several channels, it faced significant challenges with revenue declines in its broadcast and network businesses due to macro pressures and unfavorable market conditions. Cost reductions and strategic investments in digital growth areas are positive, but ongoing revenue pressures suggest a cautious outlook.

Company Guidance -

Q3 2025

During the Cumulus Media earnings call for the second quarter of 2025, several key metrics and guidance points were highlighted. The company reported a total revenue decline of 9.2%, slightly better than previous guidance, with digital revenue up 20% year-over-year, driven by a 38% increase in their Digital Marketing Services (DMS) business. Despite macroeconomic pressures, Cumulus achieved 11 consecutive quarters of ratings share growth in PPM markets and reduced fixed costs by an additional $5 million, totaling over $175 million in reductions over five years. The company ended the quarter with $97 million in cash, including a $55 million draw on their ABL revolver, and anticipates their DMS business to surpass a $100 million run rate by early next year. However, national advertising, particularly in the broadcast segment, remains challenged, pacing down low double digits for Q3, partially offset by digital growth. Cumulus is also leveraging AI for growth and efficiencies, contributing to their strategic cost management.

Digital Marketing Services Growth

Digital marketing services business was up 38% year-over-year, showing significant growth and outperforming radio peers nearly double, with an annual run rate of nearly $80 million.

Digital Revenue Increase

Total digital revenue for the quarter was up 20%, driven by strong performance in digital marketing services and podcasting, which normalized for Daily Wire and Dan Bongino was up over 30%.

Market Share Growth

The company grew its revenue market share in all broadcast spot revenue channels, reflecting 11 straight quarters of ratings share growth in PPM markets.

Cost Reductions

Executed an additional $5 million of annualized fixed cost reductions, bringing total to over $175 million of fixed cost reductions over the last 5 years.

Cash and Flexibility

Finished the quarter with $97 million of cash, inclusive of a $55 million draw on ABL revolver, providing significant flexibility.

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 Inc (CMLS) report earnings?

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

What is Cumulus Media Inc (CMLS) earnings time?

Cumulus Media Inc (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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