secwatch.observer — SEC 8-K summary
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Issuer:     CUMULUS MEDIA INC (CMLS)
CIK:        0001058623
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001058623-25-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058623/000105862325000067/0001058623-25-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058623/000105862325000067/cmls-20251030.htm
  HTML page:      https://secwatch.observer/filing/0001058623-25-000067

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