Quarterly ResultApr 29, 2026, 08:07 AM
CMLS Q1 Revenue $164.4M, Net Loss $16.9M; Reorg Plan Confirmed
AI Summary
Cumulus Media reported Q1 2026 operating results, with net revenue of $164.4 million, a 12.2% decrease year-over-year, and a net loss of $16.9 million, a 47.9% improvement from the prior year. Adjusted EBITDA was $2.7 million, down 23.6%. The company also announced that the Bankruptcy Court recently confirmed its Chapter 11 reorganization plan, a pivotal step towards strengthening its financial foundation, though FCC approval is still pending.
Key Highlights
- Chapter 11 reorganization plan confirmed by Bankruptcy Court on April 15, 2026.
- Q1 2026 Net Revenue was $164.4 million, a 12.2% decrease from Q1 2025.
- Q1 2026 Net Loss was $16.9 million, a 47.9% improvement from Q1 2025.
- Q1 2026 Adjusted EBITDA was $2.7 million, a 23.6% decrease from Q1 2025.
- Total broadcast radio revenue for Q1 2026 was $100.7 million, down 19.3% YoY.
- Digital revenue for Q1 2026 was $33.5 million, down 8.3% YoY.
- Cash and cash equivalents were $57.6 million as of March 31, 2026.