secwatch.observer — SEC 8-K summary
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Issuer:     CUMULUS MEDIA INC (CMLS)
CIK:        0001058623
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001058623-25-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058623/000105862325000051/0001058623-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058623/000105862325000051/cmls-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001058623-25-000051

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