Cumulus Media Full Year 2024 Earnings: EPS Misses Expectations

Cumulus Media (NASDAQ:CMLS) Full Year 2024 Results

Key Financial Results

• Revenue: US$827.1m (down 2.1% from FY 2023).
• Net loss: US$283.3m (loss widened by 140% from FY 2023).
• US$16.79 loss per share (further deteriorated from US$6.83 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cumulus Media EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Media industry in the US.

Performance of the American Media industry.

The company's shares are down 35% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Cumulus Media that you should be aware of.

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