CMLSCumulus Media Inc.

$154152

Q4 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$221M-11.9% YoY

Gross Profit

$127M57.3% margin

Operating Income

-$63M-28.5% margin

Net Income

-$98M-44.3% margin

EPS (Diluted)

$-5.93

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

-$517,000

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.2B

Stockholders' Equity

$287M

Cash & Equivalents

$81M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$221M	$251M	-11.9%
Gross Profit	$127M	$152M	-16.3%
Operating Income	-$63M	$9M	-766.3%
Net Income	-$98M	-$54,000	-181503.7%

Revenue Segments

Broadcast Radio Revenue

$154M41%

Spot Revenue

$101M27%

Network Revenue

$52M14%

Digital Revenue

$40M11%

Other Revenue

$28M8%

CMLS Q4 2023 Earnings — Cumulus Media Inc. Revenue & Financial Results | Market Cap Arena