CMLS Q3 2022 Earnings — Cumulus Media Inc. Revenue & Financial Results | Market Cap Arena

CMLSCumulus Media Inc.

$102768

Q3 2022 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$233M-1.8% YoY

Gross Profit

$150M64.3% margin

Operating Income

$28M12.2% margin

Net Income

$9M3.7% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

-1.4%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$17M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.2B

Stockholders' Equity

$410M

Cash & Equivalents

$118M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$233M	$238M	-1.8%
Gross Profit	$150M	$150M	-0.2%
Operating Income	$28M	$48M	-40.5%
Net Income	$9M	$27M	-68.9%

Revenue Segments

Broadcast Radio Revenue

$177M43%

Spot Revenue

$125M30%

Network Revenue

$52M13%

Digital Revenue

$35M9%

Other Revenue

$21M5%