Cumulus Media Q3 2023 Earnings Report

Cumulus Media EPS Results

• Actual EPS: $0.16
• Consensus EPS: -$0.34
• Beat/Miss: Beat by +$0.50
• One Year Ago EPS: N/A

Cumulus Media Revenue Results

• Actual Revenue: $207.42 million
• Expected Revenue: $207.47 million
• Beat/Miss: Missed by -$50.00 thousand
• YoY Revenue Growth: N/A

Cumulus Media Announcement Details

• Quarter: Q3 2023
• Date: 10/27/2023
• Time: N/A

Cumulus Media (NASDAQ:CMLS), an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners. In addition, the company provides digital marketing services, such as email marketing, geo-targeted display and video solutions, website and microsite building, hosting, social media management, reputation and listing management, and search engine marketing and optimization; influencers, audio solutions, research and insights, and live event services; and advertising performance guarantee services. The company serves advertisers through broadcast and on-demand digital, mobile, social, and voice-activated platforms. Cumulus Media Inc. was founded in 2002 and is based in Atlanta, Georgia.