Cumulus Media provides preliminary Q1 2024 revenue $199-201M, net loss $13.4-14.9M, Adj. EBITDA $7.65-9.15M

CUMULUS MEDIA INC

2024-Q1 EPS reported -$0.85 revenue$200,053,000

Net revenue expected $199M-$201M vs $205.7M in Q1 2023, a decline of 2.3%-3.3%.
Net loss narrowed to $13.4M-$14.9M from $21.5M in prior-year quarter.
Adjusted EBITDA of $7.65M-$9.15M versus $10.3M a year earlier, down 11.4%-25.9%.
Full Q1 2024 results will be released on May 3, 2024, with a conference call that morning.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CUMULUS MEDIA INC reported three months ended March 31, 2024 results: revenue net revenue in a range of $199.0 million to $201.0 million, net income net loss in a range of $(14.9) million to $(13.4) million.

Period: three months ended March 31, 2024
Revenue: net revenue in a range of $199.0 million to $201.0 million
Net income: net loss in a range of $(14.9) million to $(13.4) million
Result: preliminary results

Exact text from the filing

For the three months ended March 31, 2024, the Company expects to report net revenue in a range of $199.0 million to $201.0 million, net loss in a range of $(14.9) million to $(13.4) million, and Adjusted EBITDA (1) in a range of $7.65 million to $9.15 million.

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Source: SEC EDGAR

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