---
title: "Cumulus Media 10-Q: Revenue $164.4M, EPS loss $(0.96)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284568891.md"
description: "Cumulus Media reported a quarterly net revenue of $164.4 million, down 12.2% year-over-year, with a net loss of $(16.9) million, partially offset by a $22.0 million reorganization gain. The basic and diluted loss per share was $(0.96), an improvement from $(1.88) in the previous year. Adjusted EBITDA was $2.7 million, reflecting margin pressure from lower advertising revenues. The company continues normal operations under bankruptcy proceedings, with efforts to diversify revenue streams and optimize costs."
datetime: "2026-04-29T12:11:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284568891.md)
  - [en](https://longbridge.com/en/news/284568891.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284568891.md)
---

# Cumulus Media 10-Q: Revenue $164.4M, EPS loss $(0.96)

Cumulus Media reported quarterly net revenue of $164.4 million and a basic and diluted loss per common share of $(0.96). Revenue declined 12.2% year‑over‑year, while the company recorded a net loss of $(16.9) million that was partly offset by a $22.0 million reorganization gain. Adjusted EBITDA was $2.7 million, reflecting margin pressure from lower advertising revenues.

**Financial Highlights**

-   **Net revenue**: $164.4 million, down $22.9 million (12.2%) year‑over‑year, driven by lower spot, network and digital revenues.
-   **Operating loss**: $(26.4) million, worsened by $11.6 million year‑over‑year; operating expenses were $190.9 million versus revenue of $164.4 million.
-   **Net loss**: $(16.9) million, an improvement of $15.5 million (47.9%) year‑over‑year, after recognition of a $22.0 million reorganization gain.
-   **Basic and diluted loss per common share**: $(0.96), compared with $(1.88) in the prior year period.
-   **Adjusted EBITDA**: $2.7 million, down $0.8 million (23.6%) year‑over‑year, reflecting lower revenues and margin pressure.

**Business Highlights**

-   **Bankruptcy proceedings and continuity**: The company is operating as debtor‑in‑possession and continues normal operations, including payroll and vendor payments, under Bankruptcy Court orders.
-   **Revenue mix shifts**: Declines in spot and network advertising drove the revenue decrease; digital marketing services increased, while podcasting and streaming revenues fell.
-   **Cost and programming adjustments**: Content costs decreased by 16.9% and SG&A decreased by 9.6% through renegotiated rights, lower revenue‑share arrangements and staffing reductions.
-   **Leases and footprint optimization**: The company rejected non‑viable leases, recorded lease write‑offs and related statutory damages to preserve its core station portfolio.
-   **Diversification efforts**: Growth in digital marketing services and increased trade/barter revenue helped offset declines in traditional audio segments.

Original SEC Filing: CUMULUS MEDIA INC \[ CMLSQ \] - 10-Q - Apr. 29, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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