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Stock impact report

Cumulus Media Inc (CMLS) Q3 2024 Earnings Call Highlights: Digital Growth and Financial ... [Yahoo! Finance]

Cumulus Media Inc. - Class A (CMLS) 
Last cumulus media inc. - class a earnings: 2/21 08:01 am Check Earnings Report
US:NASDAQ Investor Relations: cumulus.com/investors
Company Research Source: Yahoo! Finance
Digital Marketing Services (DMS) Growth: Approximately 40% year over year. Customer Count Growth: Increased by 22% in digital business. Average Digital Order Size: Increased by 17% per customer. Political Revenue: $4.4 million in Q3 2024. Cost Reductions: $8 million year-to-date, on top of $120 million from 2019-2023. Cash: $52.2 million at the end of Q3 2024. Gross Debt: $642.1 million at the end of Q3 2024. Net Debt: $590 million, excluding $31 million principal debt reduction. CapEx: $15.9 million year-to-date, expected to be below $25 million for the full year. Warning! GuruFocus has detected 3 Warning Signs with CMLS. Release Date: November 01, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Cumulus Media Inc ( NASDAQ:CMLS ) reported $203.6 million in revenue and $24.1 million in EBITDA for Q3 2024, aligning with analyst estimates. Digital revenue, which now constitutes 20% of total revenue, grew Show less Read more
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