Cumulus Media Releases Q1 2025 Financial Results

Cumulus Media recently released its quarterly financial report for the first quarter of 2025. The company reported a total net revenue of $187.3 million, showing a decrease of 6.4% compared to the same period in 2024. Despite this decline, digital revenue saw a 6.1% increase year-over-year, with an overall revenue growth of 20.4%, attributed to the absence of content from Daily Wire. Digital revenue accounted for 20% of Cumulus’ total revenue, with notable growth in digital marketing services, streaming, and podcasts, excluding Daily Wire.

Although Cumulus reported a net loss of $32.4 million, up from $14.2 million, the company managed to achieve $7.5 million in annualized fixed cost reductions. The recorded Adjusted EBITDA for Q1 2025 was $3.5 million, a decrease from $8.4 million in the previous year. Cumulus disclosed total debt figures, including a total debt at maturity of $642.1 million, with net debt less total unamortized discount at $589.4 million as of March 31, 2025, and a total debt due in 2026 amounting to $23.9 million.

Mary Berner, the President and CEO of Cumulus, emphasized the challenging economic conditions faced in Q1, driven by factors such as the imposition of tariffs impacting consumer and advertiser sentiment. However, she highlighted the company’s unwavering commitment to implementing strategies to counter the effects of the broader economic landscape. One example of this proactive approach was an increase in digital marketing services by 30% during the quarter.

As Cumulus continues to navigate the changing economic landscape, Berner indicated that the company remains focused on executing strategies to mitigate external challenges. Despite facing headwinds, Cumulus’ dedication to driving growth and adapting to the evolving digital landscape is evident in the performance of its digital revenue streams. With a strategic emphasis on digital marketing services and a diversified revenue portfolio, Cumulus aims to sustain its position in the market and drive growth in the coming quarters.