---
schema_version: "secwatch.filing_event.v1"
accession: "0001058623-25-000030"
form_type: "8-K"
ticker: "CMLS"
cik: "0001058623"
company_name: "CUMULUS MEDIA INC"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T00:57:39.884436+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Cumulus Media reports FY2024 net loss of $283M, revenue down 2.1% to $827M

## Summary
- Net loss of $283.3M ($16.79/share) vs $117.9M in 2023; includes $224.5M non-cash impairment.
- Revenue declined 2.1% to $827.1M; broadcast radio spot revenue fell 5.6% to $388.8M.
- Digital revenue grew 5.3% to $154.2M; digital marketing services up 27%; streaming impressions up 15%.
- Adjusted EBITDA fell 8.8% to $82.7M; executed $43M in annualized fixed cost reductions.
- Total debt $671.6M, net debt $578.3M; cash $63.8M plus undrawn $125M ABL facility.

## SEC filing metadata
- accession: 0001058623-25-000030
- form_type: 8-K
- ticker: CMLS
- cik: 0001058623
- company_name: CUMULUS MEDIA INC
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058623/000105862325000030/0001058623-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058623/000105862325000030/cmls-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058623-25-000030
- JSON: https://secwatch.observer/filing/0001058623-25-000030.json
- Plain text: https://secwatch.observer/filing/0001058623-25-000030.txt

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