secwatch.observer — SEC 8-K summary
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Issuer:     CUMULUS MEDIA INC (CMLS)
CIK:        0001058623
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001058623-25-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cumulus Media Q1 net loss widens to $32.4M; revenue down 6.4% YoY
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- Net loss $32.4M ($1.88 diluted EPS) vs $14.2M loss in Q1 2024.
- Revenue $187.3M, down 6.4% YoY; broadcast radio revenue fell 10.6%.
- Digital revenue up 6.1% (20.4% ex-Daily Wire); digital marketing services grew 30%.
- Adjusted EBITDA $3.5M vs $8.4M in prior year; annualized cost cuts of $7.5M.
- Total debt $670.2M, with $23.9M maturing in 2026; cash $52.7M at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058623/000105862325000043/0001058623-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058623/000105862325000043/cmls-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001058623-25-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer