CMLSCumulus Media Inc.

$154152

Q3 2024 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$204M-1.8% YoY

Gross Profit

$127M62.5% margin

Operating Income

$7M3.3% margin

Net Income

-$10M-5.1% margin

EPS (Diluted)

$-0.61

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

$598,000

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.1B

Stockholders' Equity

$237M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$204M	$207M	-1.8%
Gross Profit	$127M	$131M	-2.6%
Operating Income	$7M	$18M	-62.0%
Net Income	-$10M	$3M	-479.2%

Revenue Segments

Broadcast Radio Revenue

$139M41%

Spot Revenue

$96M28%

Network Revenue

$43M12%

Digital Revenue

$40M12%

Other Revenue

$25M7%

CMLS Q3 2024 Earnings — Cumulus Media Inc. Revenue & Financial Results | Market Cap Arena