CMLSCumulus Media Inc.

$154152

Q1 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$206M-11.4% YoY

Gross Profit

$117M56.9% margin

Operating Income

$1M0.5% margin

Net Income

-$21M-10.4% margin

EPS (Diluted)

$-1.17

QoQ Revenue Growth

-18.1%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$16M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.2B

Stockholders' Equity

$385M

Cash & Equivalents

$119M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$206M	$232M	-11.4%
Gross Profit	$117M	$141M	-16.8%
Operating Income	$1M	$15M	-93.0%
Net Income	-$21M	-$905,000	-2272.0%

Revenue Segments

Broadcast Radio Revenue

$148M42%

Spot Revenue

$98M28%

Network Revenue

$50M14%

Digital Revenue

$32M9%

Other Revenue

$26M7%

CMLS Q1 2023 Earnings — Cumulus Media Inc. Revenue & Financial Results | Market Cap Arena