Cumulus Media Q2 net revenue $186M, down 9.2% YoY; net loss narrows to $12.8M from $27.7M

CUMULUS MEDIA INC

2025-Q2 EPS reported -$2.61 revenue$373,366,000

Digital marketing services revenue grew 38% YoY, now ~50% of total digital revenue of $38.8M.
Broadcast spot revenue fell 10.5% to $91.2M; network revenue down 20.5% to $27.3M.
Adjusted EBITDA of $22.4M vs $25.2M in Q2 2024; executed $5M in annualized cost cuts.
Ended Q2 with $96.7M cash, $55M drawn on revolver; total debt $723.7M.
Basic loss per share $(0.74) compared to $(1.64) in prior-year quarter.

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