CMLSCumulus Media Inc.

$154152

Q3 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$207M-11.2% YoY

Gross Profit

$131M63.0% margin

Operating Income

$18M8.5% margin

Net Income

$3M1.3% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

-1.3%

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$14M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.1B

Stockholders' Equity

$383M

Cash & Equivalents

$83M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$207M	$233M	-11.2%
Gross Profit	$131M	$150M	-13.0%
Operating Income	$18M	$28M	-38.1%
Net Income	$3M	$9M	-68.1%

Revenue Segments

Broadcast Radio Revenue

$146M41%

Spot Revenue

$106M30%

Network Revenue

$40M11%

Digital Revenue

$37M11%

Other Revenue

$24M7%

CMLS Q3 2023 Earnings — Cumulus Media Inc. Revenue & Financial Results | Market Cap Arena