Cumulus Media Inc.

CMLS

US2310828015

Broadcasting

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-19 pm EDT			5-day change	1st Jan Change
2.99 ^USD	+7.17%		-4.17%	-43.80%

Feb. 29	North American Morning Briefing : Fed's Preferred -2-	DJ
Feb. 28	Barrington Downgrades Cumulus Media to Market Perform From Outperform Reflecting Recent Softness in Revenues	MT

Cumulus Media Inc. Reports Earnings Results for the Full Year Ended December 31, 2021

February 23, 2022 at 04:05 pm EST

Cumulus Media Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 916.47 million compared to USD 816.22 million a year ago. Net income was USD 17.28 million compared to net loss of USD 59.72 million a year ago.

Basic earnings per share from continuing operations was USD 0.84 compared to basic loss per share from continuing operations of USD 2.94 a year ago. Diluted earnings per share from continuing operations was USD 0.83 compared to diluted loss per share from continuing operations of USD 2.94 a year ago.

Latest news about Cumulus Media Inc.

North American Morning Briefing : Fed's Preferred -2-	Feb. 29	DJ
Barrington Downgrades Cumulus Media to Market Perform From Outperform Reflecting Recent Softness in Revenues	Feb. 28	MT
Cumulus Media Shares Fall 13% After 4Q Results, Debt Swap Offer	Feb. 27	DJ
Transcript : Cumulus Media Inc., Q4 2023 Earnings Call, Feb 27, 2024	Feb. 27
Earnings Flash (CMLS) CUMULUS MEDIA Posts Q4 Revenue $221.3M	Feb. 27	MT
Tranche Update on Cumulus Media Inc.'s Equity Buyback Plan announced on October 27, 2023.	Feb. 27	CI
Tranche Update on Cumulus Media Inc.'s Equity Buyback Plan announced on May 4, 2022.	Feb. 27	CI
Cumulus Media Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
Cumulus Media Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 27	CI
North American Morning Briefing : Stock Futures -2-	Feb. 27	DJ
Cumulus Media Inc. Announces Cumulus Podcast Network to Provide Brand Safety & Suitability Measurement Through Barometer	Nov. 29	CI
B. Riley Trims Cumulus Media's PT to $10 From $11, Says Q4 Outlook Somewhat Worse Than Anticipated; Keeps Buy Rating	23-10-30	MT
Transcript : Cumulus Media Inc., Q3 2023 Earnings Call, Oct 27, 2023	23-10-27
Tranche Update on Cumulus Media Inc.'s Equity Buyback Plan announced on May 4, 2022.	23-10-27	CI
Cumulus Media Inc. announces an Equity Buyback for $25 million worth of its shares.	23-10-27	CI
Earnings Flash (CMLS) CUMULUS MEDIA Posts Q3 Revenue $207.4M	23-10-27	MT
Cumulus Media Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-27	CI
North American Morning Briefing : Amazon, Intel -2-	23-10-27	DJ
Cumulus Media Inc. authorizes a Buyback Plan.	23-10-25	CI
Cumulus Media Inc.'s Equity Buyback announced on May 4, 2022, has expired with 4,609,069 shares, representing 24.05% for $39.01 million.	23-10-25	CI
Cumulus Media Enters Deal With Rich Eisen to Back New Podcast Network	23-09-06	MT
B. Riley Lifts Cumulus Media's PT to $11 From $10 After In Line Q2 Revenue, Better-Than-Feared EBITDA; Keeps Buy Rating	23-07-31	MT
Family Life Broadcasting System Inc. completed the acquisition of WDRQ Inc from Cumulus Media Inc..	23-07-30	CI
Transcript : Cumulus Media Inc., Q2 2023 Earnings Call, Jul 28, 2023	23-07-28
Earnings Flash (CMLS) CUMULUS MEDIA Posts Q2 Revenue $210.1M, vs. Street Est of $208.8M	23-07-28	MT

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Company Profile

Cumulus Media Inc. is an audio-first media company. The Company engages listeners with local programming through 404 owned-and-operated stations across 85 markets; delivers nationally syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across more than 9,400 affiliated stations through Westwood One, the audio network in America. The Company provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, influencers, full-service audio solutions, industry-leading research and insights, and live event experiences.

Sector

Broadcasting

Calendar

2024-04-30 - Q1 2024 Earnings Release (Projected)

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Ratings for Cumulus Media Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.99 USD

Average target price

11 USD

Spread / Average Target

+267.89%

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Quarterly earnings - Rate of surprise

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