---
schema_version: "secwatch.filing_event.v1"
accession: "0001058623-24-000076"
form_type: "8-K"
ticker: "CMLS"
cik: "0001058623"
company_name: "CUMULUS MEDIA INC"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T22:50:50.269774+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cumulus Media Q1 revenue $200M, net loss improves; refinances debt to 2029, reduces principal $33M

## Summary
- Net revenue $200.1M, down 2.7% YoY; net loss $14.2M vs $21.5M loss in Q1 2023; Adjusted EBITDA $8.4M vs $10.3M.
- Digital revenue $34.4M (+7.3% YoY); digital marketing services +25% driven by new products and sales investment.
- Completed debt exchange with ~97% participation, reducing principal ~$33M, extending maturities from 2026 to 2029.
- ABL facility upsized to $125M from $100M, maturity extended to 2029; exchanged Notes at 8%, Term Loans at SOFR+500bps.
- Basic & diluted loss per share $0.85, improved from $1.17 loss in Q1 2023.

## SEC filing metadata
- accession: 0001058623-24-000076
- form_type: 8-K
- ticker: CMLS
- cik: 0001058623
- company_name: CUMULUS MEDIA INC
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058623/000105862324000076/0001058623-24-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058623/000105862324000076/cmls-20240503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058623-24-000076
- JSON: https://secwatch.observer/filing/0001058623-24-000076.json
- Plain text: https://secwatch.observer/filing/0001058623-24-000076.txt

## Key facts
- Earnings Releases
  CUMULUS MEDIA INC reported three months ended March 31, 2024 results: revenue $200.1 million, net income net loss of $14.2 million, EPS Basic loss per share $ (0.85).
  - Period: three months ended March 31, 2024
  - Revenue: $200.1 million
  - Net income: net loss of $14.2 million
  - EPS: Basic loss per share $ (0.85)
  - Result: reported results
  source text: For the three months ended March 31, 2024, the Company reported net revenue of $200.1 million, a decrease of 2.7% from the three months ended March 31, 2023, net loss of $14.2 million and Adjusted EBITDA of $8.4 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058623/000105862324000076/0001058623-24-000076-index.htm

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