---
schema_version: "secwatch.filing_event.v1"
accession: "0001058623-23-000076"
form_type: "8-K"
ticker: "CMLS"
cik: "0001058623"
company_name: "CUMULUS MEDIA INC"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T22:47:04.188693+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cumulus Media Q2 revenue down 11% to $210.1M; net loss of $1.1M vs profit a year ago

## Summary
- Net revenue $210.1M, down 11.2% YoY; net loss $1.1M vs net income $8.7M in Q2 2022.
- Adjusted EBITDA fell 32.6% to $30.7M; diluted EPS -$0.06 vs +$0.42.
- Digital revenue $37.5M (18% of total); digital marketing services grew 21% YoY.
- Retired $32.2M face value of 6.75% notes at 73.9% of par; repurchased ~10% of shares via $5.7M tender offer.
- Total debt $680.9M, lowest in over a decade; sold WDRQ-FM for $10M, closing expected Q3.

## SEC filing metadata
- accession: 0001058623-23-000076
- form_type: 8-K
- ticker: CMLS
- cik: 0001058623
- company_name: CUMULUS MEDIA INC
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000076/0001058623-23-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000076/cmls-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058623-23-000076
- JSON: https://secwatch.observer/filing/0001058623-23-000076.json
- Plain text: https://secwatch.observer/filing/0001058623-23-000076.txt

## Key facts
- Earnings Releases
  CUMULUS MEDIA INC reported the three and six months ended June 30, 2023 results: revenue $210.1 million, net income net loss of $1.1 million, EPS $(0.06) per share.
  - Period: the three and six months ended June 30, 2023
  - Revenue: $210.1 million
  - Net income: net loss of $1.1 million
  - EPS: $(0.06) per share
  - Result: reported results
  source text: cost reductions, and execute on our strategy to opportunistically deploy capital to maximize long-term shareholder value.” Q2 Performance Summary: • Posted total net revenue of $210.1 million, a decline of 11% year-over-year • Generated digital revenue of $37.5 million, representing 18% of total revenue, driven by digital marketing services growth of 21%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000076/0001058623-23-000076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.