CMLS Q2 2023 Earnings — Cumulus Media Inc. Revenue & Financial Results | Market Cap Arena

CMLSCumulus Media Inc.

$154152

Q2 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$210M-11.2% YoY

Gross Profit

$137M65.0% margin

Operating Income

$3M1.5% margin

Net Income

-$1M-0.5% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$5M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.1B

Stockholders' Equity

$379M

Cash & Equivalents

$92M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$210M	$237M	-11.2%
Gross Profit	$137M	$154M	-11.0%
Operating Income	$3M	$27M	-88.1%
Net Income	-$1M	$9M	-112.3%

Revenue Segments

Broadcast Radio Revenue

$147M41%

Spot Revenue

$107M30%

Network Revenue

$40M11%

Digital Revenue

$38M11%

Other Revenue

$26M7%