Cost ManagementManagement has been diligent in reducing its fixed cost base, making room for growing variable expense tied to its digital businesses, identifying $8 million in cost reductions in the first nine months.

Digital Revenue GrowthThe DMS business has been the main source of growth in the segment, growing nearly 40% in the quarter.

Podcast RevenuePodcast revenue grew in the quarter: The company has a roster of popular shows, which supports ad sales efforts.

Bears Say

Interest Rate SensitivityCategories with higher sensitivity to interest rates, including certain financial services and local auto advertisers, have shown weakness.

National Radio AdvertisingLower revenues were significantly affected by continued softness in national radio advertising.

Podcast Revenue DeclineThe fall in podcast revenue was influenced by the loss of some popular shows, impacting ad sales negatively.

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Financials

Annual

Income Statement >

Options Prices

Detailed Option Prices >

Ownership Overview

27.32% Insiders

12.35% Mutual Funds

20.67% Other Institutional Investors

34.42% Public Companies and

Individual Investors

Detailed Ownership Overview >

Risk Analysis

Main Risk Category

Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy

Detailed Risk Analysis >

Website Traffic

Sorry, No Data Available

There is no website visitor data available for this stock.

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CMLS FAQ

What was Cumulus Media Inc’s price range in the past 12 months?

Cumulus Media Inc lowest stock price was $0.63 and its highest was $5.18 in the past 12 months.

What is Cumulus Media Inc’s market cap?

Cumulus Media Inc’s market cap is $27.03M.

When is Cumulus Media Inc’s upcoming earnings report date?

Cumulus Media Inc’s upcoming earnings report date is Feb 20, 2025 which is in 32 days.

How were Cumulus Media Inc’s earnings last quarter?

Cumulus Media Inc released its earnings results on Nov 01, 2024. The company reported -$0.61 earnings per share for the quarter, missing the consensus estimate of -$0.535 by -$0.075.

Is Cumulus Media Inc overvalued?

According to Wall Street analysts Cumulus Media Inc’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Cumulus Media Inc pay dividends?

Cumulus Media Inc does not currently pay dividends.

What is Cumulus Media Inc’s EPS estimate?

Cumulus Media Inc’s EPS estimate is -0.58.

How many shares outstanding does Cumulus Media Inc have?

Cumulus Media Inc has 16,673,622 shares outstanding.

What happened to Cumulus Media Inc’s price movement after its last earnings report?

Cumulus Media Inc reported an EPS of -$0.61 in its last earnings report, missing expectations of -$0.535. Following the earnings report the stock price went down -19.658%.

Which hedge fund is a major shareholder of Cumulus Media Inc?

Among the largest hedge funds holding Cumulus Media Inc’s share is Oak Hill Advisors Lp. It holds Cumulus Media Inc’s shares valued at 697K.

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Company Description

Cumulus Media Inc

Cumulus Media, Inc. engages in the business of radio broadcasting. It operates through the following segments: Radio Station Group, Westwood One, and Corporate and Other. The Radio Station Group segment includes the sale of broadcasting time to local, regional, and national advertisers. The Westwood One segment covers the revenues generated primarily through network advertising. The Corporate and Other segment consists of the overall executive, administrative, and support functions for each of the company's reportable segments, including finance and administration, legal, human resources, and information technology functions. The company is headquartered in Atlanta, GA.

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CMLS Earnings Call

Q3 2024

0:00 / 0:00

Earnings Call Sentiment|Neutral

The earnings call reflects a company that is successfully growing its digital marketing services and maintaining strong cost efficiencies, despite facing challenges with overall revenue decline and political advertising impacts. Positive digital growth and national advertising trends contribute positively, but are counterbalanced by declines in podcasting revenue and weak advertising sentiment.Read More>

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