CMLS Q1 2024 Earnings — Cumulus Media Inc. Revenue & Financial Results | Market Cap Arena

CMLSCumulus Media Inc.

$154152

Q1 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$200M-2.7% YoY

Gross Profit

$115M57.5% margin

Operating Income

-$10M-5.2% margin

Net Income

-$14M-7.1% margin

EPS (Diluted)

$-0.85

QoQ Revenue Growth

-9.6%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$24M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.1B

Stockholders' Equity

$272M

Cash & Equivalents

$68M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$200M	$206M	-2.7%
Gross Profit	$115M	$117M	-1.7%
Operating Income	-$10M	$1M	-1112.0%
Net Income	-$14M	-$21M	+34.1%

Revenue Segments

Broadcast Radio Revenue

$140M41%

Spot Revenue

$91M27%

Network Revenue

$49M14%

Digital Revenue

$34M10%

Other Revenue

$26M8%