Revenue: As of FY2026 Q2, the actual value is USD 167.91 M.

EPS: As of FY2026 Q2, the actual value is USD -0.52.

EBIT: As of FY2026 Q2, the actual value is USD -5.285 M.

Financial Summary for Three Months Ended June 30, 2026

Net Loss

Cumulus Media Inc. reported a net loss of - $9.2 million, an improvement of 28.2% compared to a net loss of - $12.8 million for the same period in 2025.

Adjusted EBITDA

Adjusted EBITDA was $16.0 million, a decrease of 28.3% from $22.4 million in the prior year period.

Segment Revenue

Net revenue totaled $167.9 million, a 9.7% decrease from $186.0 million in the three months ended June 30, 2025. Total broadcast radio revenue was $102.9 million, down 13.2% from $118.4 million in 2025, including Spot revenue of $81.4 million and Network revenue of $21.4 million. Digital revenue was $38.7 million, a slight decrease of 0.3% from $38.8 million in 2025. Other revenue amounted to $26.3 million, an 8.4% decrease from $28.7 million in 2025.

Operating Expenses

Total operating expenses were $165.6 million, down from $182.3 million in the prior year. Content costs were $55.6 million. Selling, general & administrative expenses were $85.9 million. Depreciation and amortization amounted to $12.3 million. Corporate expenses were $11.4 million. Stock-based compensation expense was - $0.1 million. Restructuring costs were $0.5 million. Gain/loss on sale or disposal of assets or stations was - $0.1 million. Operating income was $2.3 million.

Non-Operating Expenses

Total non-operating expense, net, was - $10.7 million, which included reorganization items, net, of - $7.6 million and interest expense of - $3.0 million. Loss before income taxes was - $8.3 million. Income tax expense was - $0.9 million.

Capital Expenditures

Capital expenditures were $3.2 million, a decrease from $5.5 million in the same period of 2025.

Financial Summary for Six Months Ended June 30, 2026

Net Loss

Cumulus Media Inc. reported a net loss of - $26.1 million, an improvement of 42.3% compared to a net loss of - $45.2 million for the same period in 2025.

Adjusted EBITDA

Adjusted EBITDA was $18.7 million, a decrease of 27.7% from $25.9 million in the prior year period.

Segment Revenue

Net revenue totaled $332.4 million, an 11.0% decrease from $373.4 million in the six months ended June 30, 2025. Total broadcast radio revenue was $203.6 million, down 16.3% from $243.3 million in 2025, including Spot revenue of $149.2 million and Network revenue of $54.4 million. Digital revenue was $72.3 million, a decrease of 4.2% from $75.4 million in 2025. Other revenue amounted to $56.5 million, a 3.4% increase from $54.6 million in 2025.

Operating Expenses

Total operating expenses were $356.4 million, down from $384.5 million in the prior year. Content costs were $121.5 million. Selling, general & administrative expenses were $170.3 million. Depreciation and amortization amounted to $24.6 million. Corporate expenses were $24.7 million. Stock-based compensation expense was $0.5 million. Restructuring costs were $15.4 million. Gain/loss on sale or disposal of assets or stations was - $0.5 million. Operating loss was - $24.1 million.

Non-Operating Expenses

Total non-operating expense, net, was - $0.6 million, which included reorganization items, net, of $14.4 million and interest expense of - $15.1 million. Loss before income taxes was - $24.7 million. Income tax expense was - $1.4 million.

Capital Expenditures

Capital expenditures were $7.1 million, a decrease from $11.1 million in the same period of 2025.

Balance Sheet Summary (as of June 30, 2026 vs. December 31, 2025)

• Cash and cash equivalents were $61.1 million as of June 30, 2026, down from $82.0 million as of December 31, 2025.
• Term Loan due 2026 remained at $1.2 million for both periods.
• Senior Notes due 2026 remained at $22.7 million for both periods.
• Term Loan due 2029 decreased to $311.8 million from $323.6 million.
• Senior Notes due 2029 decreased to $306.4 million from $318.2 million.
• The 2020 Revolving credit facility increased to $57.0 million from $55.0 million.

Outlook / Guidance

Cumulus Media Inc. is expected to emerge from Chapter 11 with a stronger balance sheet following the court confirmation of its reorganization plan. The effective date of the plan is subject to satisfying all conditions precedent, including FCC and other necessary regulatory approvals.