Cumulus Media Q3 net revenue down 11.5% to $180.3M; net loss widens to $20.4M

CUMULUS MEDIA INC

2025-Q3 EPS reported -$3.78 revenue$553,621,000

Net revenue $180.3M (-11.5% YoY); net loss $20.4M vs $10.3M loss; Adj. EBITDA $16.7M (-30.8%).
Digital revenue $39.0M (-2.6% YoY, +8.4% ex-Daily Wire); digital marketing services +34%, now 50% of digital.
Annualized fixed cost cuts of $7M in Q3; total since 2019 $182M (over 30% of cost base).
Cash $90.4M; total debt $722.2M; net debt $606.7M; $23.9M debt due 2026.
Diluted loss per share $1.17 vs $0.61 in Q3 2024.

item 2.02 item 9.01

Machine-readable event card

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accession 0001058623-25-000067

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