Cumulus Media. Earnings Calls

Q4 2024 (Upcoming)
Release date Feb 25, 2025
EPS estimate -$0.570
EPS actual -
Revenue estimate 218.8M
Revenue actual -
Expected change +/- 15.80%
Q3 2024 Missed
-$0.610 (-12.96%)
Release date Nov 01, 2024
EPS estimate -$0.540
EPS actual -$0.610
EPS Surprise -12.96%
Revenue estimate 218.8M
Revenue actual 203.598M
Revenue Surprise -6.95%
Q2 2024 Missed
-$0.680 (-38.78%)
Release date Aug 02, 2024
EPS estimate -$0.490
EPS actual -$0.680
EPS Surprise -38.78%
Revenue estimate 206M
Revenue actual 204.849M
Revenue Surprise -0.559%
Q1 2024 Beat
-$0.85 (36.09%)
Release date May 03, 2024
EPS estimate -$1.33
EPS actual -$0.85
EPS Surprise 36.09%
Revenue estimate 200.3M
Revenue actual 200.053M
Revenue Surprise -0.123%

Last 4 Quarters for Cumulus Media.

Below you can see how CMLS performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 03, 2024
Fiscal end date Mar 31, 2024
Price on release $2.75
EPS estimate -$1.33
EPS actual -$0.85
EPS surprise 36.09%
Date Price
Apr 29, 2024 $2.73
Apr 30, 2024 $2.63
May 01, 2024 $2.61
May 02, 2024 $2.64
May 03, 2024 $2.75
May 06, 2024 $2.85
May 07, 2024 $2.80
May 08, 2024 $2.70
May 09, 2024 $2.67
4 days before 0.733%
4 days after -2.91%
On release day 3.64%
Change in period -2.20%
Q2 2024 Missed
Release date Aug 02, 2024
Fiscal end date Jun 30, 2024
Price on release $1.62
EPS estimate -$0.490
EPS actual -$0.680
EPS surprise -38.78%
Date Price
Jul 29, 2024 $2.07
Jul 30, 2024 $2.08
Jul 31, 2024 $2.00
Aug 01, 2024 $1.99
Aug 02, 2024 $1.62
Aug 05, 2024 $1.56
Aug 06, 2024 $1.56
Aug 07, 2024 $1.34
Aug 08, 2024 $1.41
4 days before -21.74%
4 days after -12.96%
On release day -3.70%
Change in period -31.88%
Q3 2024 Missed
Release date Nov 01, 2024
Fiscal end date Sep 30, 2024
Price on release $0.94
EPS estimate -$0.540
EPS actual -$0.610
EPS surprise -12.96%
Date Price
Oct 28, 2024 $1.21
Oct 29, 2024 $1.17
Oct 30, 2024 $1.17
Oct 31, 2024 $1.17
Nov 01, 2024 $0.94
Nov 04, 2024 $0.93
Nov 05, 2024 $0.87
Nov 06, 2024 $0.88
Nov 07, 2024 $0.87
4 days before -22.31%
4 days after -7.34%
On release day -1.06%
Change in period -28.02%
Q4 2024 (Upcoming)
Release date Feb 25, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate -$0.570
EPS actual -
Date Price
Feb 06, 2025 $0.92
Feb 07, 2025 $0.85
Feb 10, 2025 $0.90
Feb 11, 2025 $0.86
Feb 12, 2025 $0.89

Cumulus Media. Earnings Call Transcript Summary of Q3 2024

  • Financial Performance:
    • Revenue for Q3 2024 was $203.6 million, with EBITDA of $24.1 million, aligning with analyst expectations.
    • Political advertising spending boosted revenue but was tempered by ongoing economic concerns.
  • Digital Growth:
    • Digital revenue comprised 20% of total revenue, growing 8% year-over-year. Digital marketing services (DMS) experienced a remarkable 40% growth, driven by increased customer retention and average order size.
    • The company aims to leverage its local sales force and integrated service offerings to further enhance digital revenue.
  • Broadcast Radio Insights:
    • National advertising saw positive signs, particularly in live sports programming, benefiting from exclusive NFL coverage and the summer games.
    • However, local advertising sentiment remains weak, with notable declines in automotive and professional services advertisements.
  • Political Advertising:
    • Political revenue in Q3 was lower than previous years, attributed to the transition in the Democratic presidential candidacy. Q4 is projected to benefit from increased political spending, currently pacing at approximately $9.7 million.
  • Cost Management:
    • Year-to-date cost reductions total $8 million, building on previous efficiency measures aimed at improving margins and managing expenses amid a challenging advertising landscape.
    • The company is focused on AI-enabled efficiencies across various business functions.
  • Balance Sheet and Capital Allocation:
    • Cumulus Media ended the quarter with $52.2 million in cash, total debt of $642.1 million, and plans to prioritize investments in growth areas while also continuing debt reduction.
  • Future Outlook:
    • Despite a slightly down-pacing revenue for Q4 due to a challenging economic environment, Cumulus remains optimistic about digital growth and political ad spending. The company has a strong asset base and is dedicated to enhancing operational efficiency.
  • Market Conditions:
    • Economically, advertisers are being cautious due to interest rate concerns and uncertainty surrounding the presidential election, affecting their willingness to spend.
  • For investors, key takeaways include strong performance in digital sectors, ongoing cost management efforts, and a focus on long-term growth despite a challenging ad environment.
  • Cumulus Media. Earnings History

    Earnings Calendar

    FAQ

    When is the earnings report for CMLS?
    Cumulus Media Inc. (CMLS) has scheduled its earnings report for Feb 25, 2025 before the markets open.

    What is the CMLS price-to-earnings (P/E) ratio?
    CMLS P/E ratio as of Feb 12, 2025 (TTM) is -0.101.

    What is the CMLS EPS forecast?
    The forecasted EPS (Earnings Per Share) for Cumulus Media Inc. (CMLS) for the first fiscal quarter 2024 is -$0.570.

    What are Cumulus Media Inc.'s retained earnings?
    On its balance sheet, Cumulus Media Inc. reported retained earnings of $203.60 million for the latest quarter ending Sep 30, 2024.

    What Is an Earnings Report?
    An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

    Earnings Report Content
    Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

    What To Know About Earnings Reports?
    Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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    ABOUT CUMULUS MEDIA INC.
    Cumulus Media.
    Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. It owns and operates 406 stations in 86 markets, as well as approximately 9,500 affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and other partners....
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