CMLS Q2 2024 Earnings — Cumulus Media Inc. Revenue & Financial Results | Market Cap Arena

CMLSCumulus Media Inc.

$154152

Q2 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$205M-2.5% YoY

Gross Profit

$131M64.1% margin

Operating Income

-$10M-4.7% margin

Net Income

-$28M-13.5% margin

EPS (Diluted)

$-1.64

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$13M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.1B

Stockholders' Equity

$246M

Cash & Equivalents

$53M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$205M	$210M	-2.5%
Gross Profit	$131M	$137M	-3.9%
Operating Income	-$10M	$3M	-397.5%
Net Income	-$28M	-$1M	-2493.5%

Revenue Segments

Broadcast Radio Revenue

$136M40%

Spot Revenue

$102M30%

Digital Revenue

$39M12%

Network Revenue

$34M10%

Other Revenue

$29M9%