earnings
confidence high
sentiment positive
materiality 0.75
Cumulus Media Q2 revenue up 5.4% to $236.7M; net income $8.7M vs loss $5.9M YoY
CUMULUS MEDIA INC
2022-Q2 EPS reported
$0.37
revenue$468,773,000
- Digital revenue grew 20% YoY, led by podcasting (+27%) and digital marketing (+22%).
- Adjusted EBITDA $45.5M (+23.4%); EBITDA margin improved ~280 bps YoY.
- Net income $8.7M vs net loss $5.9M; diluted EPS $0.42 vs ($0.29) loss per share.
- Retired $49.8M of senior notes at 96.8% of par; net leverage reduced to 3.8x from 4.7x.
- Completed $25M Dutch tender offer (1.7M shares repurchased); $25M remaining under authorization.