See more : Longfor Group Holdings Limited (0960.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Cumulus Media Inc. (CMLS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cumulus Media Inc., a leading company in the Broadcasting industry within the Communication Services sector.
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Cumulus Media Inc. (CMLS)
About Cumulus Media Inc.
Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. It owns and operates 406 stations in 86 markets, as well as approximately 9,500 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, the AP, the Academy of Country Music Awards, and other partners. It also provides digital marketing services, such as email marketing, geo-targeted display and video solutions, website and microsite building, hosting, social media management, reputation management, and search engine marketing and optimization. The company serves advertisers through broadcast and on-demand digital, mobile, social, and voice-activated platforms. Cumulus Media Inc. was incorporated in 2002 and is based in Atlanta, Georgia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 844.55M | 953.51M | 916.47M | 816.22M | 1.11B | 1.14B | 1.14B | 1.14B | 1.17B | 1.26B | 1.03B | 1.08B | 549.54M | 263.33M | 256.05M | 311.54M | 328.33M | 334.32M | 327.76M | 320.13M | 281.97M | 252.60M | 201.33M | 225.91M | 180.02M | 98.80M |
| Cost of Revenue | 331.36M | 357.48M | 358.69M | 337.08M | 405.65M | 402.77M | 402.98M | 427.78M | 396.43M | 904.04M | 668.25M | 661.51M | 333.47M | 159.81M | 165.68M | 203.22M | 210.64M | 214.09M | 225.96M | 202.44M | 179.54M | 159.77M | 141.60M | 191.34M | 136.32M | 74.60M |
| Gross Profit | 513.19M | 596.03M | 557.78M | 479.14M | 707.79M | 737.59M | 732.68M | 713.62M | 772.25M | 359.39M | 357.89M | 415.07M | 216.07M | 103.53M | 90.37M | 108.32M | 117.69M | 120.23M | 101.79M | 117.69M | 102.44M | 92.83M | 59.73M | 34.58M | 43.70M | 24.20M |
| Gross Profit Ratio | 60.76% | 62.51% | 60.86% | 58.70% | 63.57% | 64.68% | 64.52% | 62.52% | 66.08% | 28.45% | 34.88% | 38.55% | 39.32% | 39.31% | 35.29% | 34.77% | 35.84% | 35.96% | 31.06% | 36.76% | 36.33% | 36.75% | 29.67% | 15.30% | 24.28% | 24.49% |
| Research & Development | 0.00 | 0.00 | 0.00 | 4.14M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 389.60M | 437.05M | 402.04M | 500.89M | 507.06M | 517.11M | 511.23M | 534.09M | 76.43M | 51.93M | 57.44M | 20.70M | 0.00 | 19.33M | 19.33M | 41.01M | 41.01M | 16.07M | 13.37M | 13.37M | 15.18M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 377.03M | 44.00K | 1.08M | 3.15M | 3.50M | 4.28M | 10.88M | 12.82M | 10.13M | 7.20M | 3.72M | 3.56M | 72.59M | 0.00 | 3.71M | 631.00K | -14.20M | 963.00K | 4.10M | 4.89M | 2.08M | 69.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 377.03M | 389.65M | 438.13M | 405.18M | 504.39M | 511.34M | 527.99M | 524.06M | 544.22M | 83.62M | 55.65M | 60.99M | 93.29M | 20.57M | 23.03M | 19.96M | 26.81M | 41.98M | 20.17M | 18.26M | 15.46M | 15.25M | 18.00M | 23.06M | 8.20M | 5.60M |
| Other Expenses | 177.44M | 104.37M | 53.55M | 52.29M | 52.55M | -3.37M | -363.00K | 2.04M | 14.21M | 4.34M | -302.00K | -2.47M | 55.81M | 11.06M | 7.57M | 511.41M | 239.31M | 78.30M | 285.32M | 21.17M | 19.45M | 16.87M | 50.59M | 44.00M | 33.74M | 17.20M |
| Operating Expenses | 554.47M | 494.01M | 491.67M | 457.47M | 556.95M | 567.45M | 590.23M | 611.32M | 646.32M | 198.90M | 168.16M | 203.14M | 149.10M | 31.63M | 30.60M | 531.37M | 266.13M | 120.27M | 305.49M | 39.43M | 34.90M | 32.11M | 68.58M | 67.06M | 41.94M | 22.80M |
| Cost & Expenses | 885.83M | 851.49M | 850.36M | 794.55M | 962.60M | 970.22M | 993.21M | 1.04B | 1.04B | 1.10B | 836.41M | 864.65M | 482.57M | 191.44M | 196.28M | 734.59M | 476.77M | 334.36M | 531.46M | 241.87M | 214.44M | 191.88M | 210.18M | 258.40M | 178.26M | 97.40M |
| Interest Income | 2.36M | 64.89M | 67.85M | 6.00K | 25.00K | 86.00K | 136.00K | 493.00K | 433.00K | 1.39M | 1.29M | 946.00K | 399.00K | 8.00K | 61.00K | 15.98M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 71.27M | 64.89M | 67.85M | 68.10M | 82.92M | 50.98M | 126.95M | 138.63M | 141.68M | 145.53M | 176.45M | 199.24M | 87.39M | 30.32M | 34.19M | 34.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 58.18M | 63.29M | 59.95M | 70.38M | 76.61M | 56.11M | 62.24M | 87.27M | 102.11M | 115.28M | 112.51M | 143.30M | 52.44M | 9.10M | 11.14M | 8.97M | 13.17M | 17.62M | 21.64M | 21.38M | 19.85M | 18.27M | 52.76M | 45.77M | 33.74M | 17.20M |
| EBITDA | 35.85M | 158.40M | 119.65M | 59.51M | 243.04M | 226.24M | -181.10M | -310.97M | -348.55M | 275.76M | 318.80M | 223.82M | 142.27M | 69.76M | -114.65M | -410.05M | -133.87M | 17.58M | -182.59M | 99.64M | 87.38M | 78.99M | 43.91M | 13.29M | 35.50M | 18.60M |
| EBITDA Ratio | 4.24% | 16.63% | 12.95% | 9.03% | 18.25% | 19.55% | 18.00% | 16.83% | 20.76% | 22.28% | 28.83% | 32.85% | 21.80% | 30.76% | 27.72% | 24.21% | 28.75% | 24.18% | 25.40% | 32.11% | 36.60% | 33.72% | 20.06% | -19.37% | 19.37% | 16.40% |
| Operating Income | -41.28M | 79.79M | 69.12M | 21.40M | 166.21M | 156.23M | -210.45M | -408.79M | -478.52M | 161.83M | 196.08M | 84.81M | 82.25M | 71.23M | -115.18M | -425.09M | -151.08M | -39.00K | -203.48M | 78.37M | 67.87M | 61.69M | -15.63M | -48.71M | 1.76M | 1.40M |
| Operating Income Ratio | -4.89% | 8.37% | 7.54% | 2.62% | 14.93% | 13.70% | -18.53% | -35.81% | -40.94% | 12.81% | 19.11% | 7.88% | 14.97% | 27.05% | -44.98% | -136.45% | -46.01% | -0.01% | -62.08% | 24.48% | 24.07% | 24.42% | -7.76% | -21.56% | 0.98% | 1.42% |
| Total Other Income/Expenses | -59.42M | -60.18M | -48.86M | -68.37M | -82.69M | 412.14M | -159.85M | -128.09M | -113.82M | -139.81M | -212.22M | -203.53M | -79.69M | -28.33M | -239.68M | -32.27M | -61.29M | -45.15M | -23.92M | -22.45M | -38.15M | -36.38M | -18.42M | 47.23M | -22.25M | -13.20M |
| Income Before Tax | -100.70M | 19.61M | 20.26M | -78.97M | 83.52M | 568.37M | -370.29M | -536.87M | -592.33M | 22.02M | 196.08M | -118.73M | 2.57M | 33.18M | -149.31M | -457.36M | -212.37M | -45.19M | -227.40M | 55.92M | 29.72M | 25.30M | -34.05M | -1.49M | -20.49M | -11.80M |
| Income Before Tax Ratio | -11.92% | 2.06% | 2.21% | -9.67% | 7.50% | 49.84% | -32.61% | -47.04% | -50.68% | 1.74% | 19.11% | -11.03% | 0.47% | 12.60% | -58.31% | -146.81% | -64.68% | -13.52% | -69.38% | 17.47% | 10.54% | 10.02% | -16.91% | -0.66% | -11.38% | -11.94% |
| Income Tax Expense | 17.18M | 3.37M | 2.98M | -19.25M | 22.26M | -189.21M | -163.73M | -26.15M | -45.84M | 10.25M | -68.46M | -26.55M | -61.29M | 3.78M | -22.60M | -117.95M | -38.00M | -5.80M | -14.04M | 25.55M | 24.68M | 76.36M | -3.49M | 812.00K | -6.87M | 100.00K |
| Net Income | -117.88M | 16.24M | 17.28M | -59.72M | 61.26M | 757.58M | -206.57M | -510.72M | -546.49M | 11.77M | 196.08M | -32.73M | 63.86M | 29.40M | -126.70M | -361.67M | -223.80M | -44.59M | -213.37M | 30.37M | 5.04M | -92.75M | -30.55M | -2.30M | -13.62M | -13.70M |
| Net Income Ratio | -13.96% | 1.70% | 1.89% | -7.32% | 5.50% | 66.43% | -18.19% | -44.75% | -46.76% | 0.93% | 19.11% | -3.04% | 11.62% | 11.17% | -49.48% | -116.09% | -68.16% | -13.34% | -65.10% | 9.49% | 1.79% | -36.72% | -15.18% | -1.02% | -7.57% | -13.87% |
| EPS | -6.83 | 0.83 | 0.84 | -2.94 | 3.04 | 45.76 | -7.05 | -17.45 | -18.73 | 0.40 | 4.80 | -1.62 | 6.40 | 5.60 | -25.07 | -68.38 | -41.46 | -7.02 | -25.51 | 3.52 | 0.40 | -13.62 | -6.93 | -0.52 | -4.37 | -6.22 |
| EPS Diluted | -6.83 | 0.81 | 0.83 | -2.94 | 3.02 | 45.76 | -7.05 | -17.45 | -18.73 | 0.40 | 4.80 | -1.61 | 6.40 | 5.44 | -25.07 | -68.38 | -41.46 | -7.02 | -25.51 | 3.52 | 0.40 | -13.62 | -6.93 | -0.52 | -4.37 | -5.62 |
| Weighted Avg Shares Out | 17.27M | 19.56M | 20.48M | 20.32M | 20.13M | 16.56M | 29.30M | 29.27M | 29.18M | 28.27M | 40.84M | 20.25M | 8.86M | 5.04M | 5.05M | 5.29M | 5.40M | 6.35M | 8.36M | 8.63M | 8.04M | 6.81M | 4.41M | 4.38M | 3.12M | 2.20M |
| Weighted Avg Shares Out (Dil) | 17.27M | 20.02M | 20.93M | 20.32M | 20.28M | 16.56M | 29.31M | 29.27M | 29.18M | 28.62M | 40.84M | 20.33M | 8.86M | 5.15M | 5.05M | 5.29M | 5.40M | 6.35M | 8.36M | 8.93M | 8.37M | 6.81M | 4.41M | 4.38M | 3.12M | 2.44M |
Cumulus Media Announces Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
ATLANTA, March 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has extended the Expiration Time in its previously-announced Exchange Offer and Consent...
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Cumulus Media is simultaneously enacting a poison pill defense against a potential hostile takeover and embarking on a debt restructuring. The proposed debt restructuring aims to reduce total debt and extend its maturity to 2029. CMLS implemented short-term Shareholder Rights...
Cumulus Media Announces Extension of Early Tender Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
ATLANTA, March 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has extended the Early Tender Time in its previously-announced Exchange Offer and...
Cumulus Media's Westwood One Presents Audio Coverage of 2024 College Basketball Conference Championship Week
Coverage Includes 24 Games between Saturday, March 9th and Sunday, March 17th, 2024 Coverage Includes 24 Games between Saturday, March 9th and Sunday, March 17th, 2024
Cumulus Media Inc. (CMLS) Q4 2023 Earnings Call Transcript
Cumulus Media Inc. (CMLS) Q4 2023 Earnings Call Transcript
Cumulus Media (CMLS) Reports Q4 Loss, Tops Revenue Estimates
Cumulus Media (CMLS) came out with a quarterly loss of $2.60 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.54 per share a year ago.
Cumulus Media Announces Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has commenced an offer to exchange (the “Exchange Offer”) any and all...
Cumulus Media Reports Operating Results for 2023
ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "Cumulus Media," “we,” “us,” or “our”) today announced operating results for the three months and year ended December 31, 2023. Mary G. Berner, President and Chief Executive...
Cumulus Media Inc. Adopts Limited-Duration Shareholder Rights Plan
ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (“Cumulus Media” or the “Company”) today announced that its Board of Directors (the “Board”) has adopted a limited-duration shareholder rights plan (“Rights Plan”) to protect the best interests...
Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Operating Results
ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2023 operating results. A press release containing...
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