Earnings ·
Cumulus Media Inc. reported operating results for the second quarter and first half of 2026, revealing a net loss of…
CMLSCumulus Media Inc
Cumulus Media Inc. reported operating results for the second quarter and first half of 2026, revealing a net loss of $9.2 million on net revenue of $167.9 million for the three months ended June 30, 2026. Revenue declined 9.7% year-over-year, while Adjusted EBITDA fell to $16.0 million from $22.4 million in the prior year period. For the six-month period, net revenue decreased 11.0% to $332.4 million with a net loss of $26.1 million and Adjusted EBITDA of $18.7 million. The company remains in Chapter 11 proceedings, having confirmed its Plan of Reorganization on April 15, 2026, while awaiting final FCC approval to emerge from bankruptcy. Cumulus Media operates as a radio broadcasting and audio content provider.