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Cumulus Media Inc (CMLS)
NASDAQ:CMLS
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.58Last Year’s EPS
-$5.94Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -35.90%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company that is successfully growing its digital marketing services and maintaining strong cost efficiencies, despite facing challenges with overall revenue decline and political advertising impacts. Positive digital growth and national advertising trends contribute positively, but are counterbalanced by declines in podcasting revenue and weak advertising sentiment.Company Guidance
In the third quarter of 2024 earnings call, Cumulus Media reported $203.6 million in revenue and $24.1 million in EBITDA, aligning with analyst estimates. The company highlighted the growth of its digital revenue, accounting for 20% of total revenue, with an 8% annual increase and a 40% year-over-year growth in digital marketing services (DMS). Key metrics for DMS included a 22% increase in customer count, a 6% improvement in customer retention, and a 17% rise in average digital order size per customer. Despite challenges in traditional advertising due to economic conditions and the presidential election, political revenue for the fourth quarter was at $9.7 million, surpassing Q4 2022 but below Q4 2020 levels. Cumulus continued to focus on cost management and digital investment, achieving $8 million in year-to-date cost reductions and maintaining the annualized digital revenue run rate at approximately $160 million. The company remains optimistic about its digital and network businesses, driven by strong interest in sports and political content.Strong Digital Marketing Services Growth
Digital marketing services grew close to 40% year-over-year, marking the largest year-over-year dollar increase in this business.
Increase in Digital Revenue Contribution
Digital revenue now accounts for 20% of total revenue, with an 8% year-over-year increase.
Positive National Advertising Trends
National advertising, making up 50% of total broadcast revenue, showed positive indicators despite a challenging environment.
Cost Efficiency Initiatives
Achieved $8 million in cost reductions year-to-date, on top of $120 million from 2019 through 2023.
Successful Debt Management
Debt reduced by more than 50% since 2018, with debt maturities extended to 2029.
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CMLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $1.17 | $0.94 | -19.66% |
| Aug 02, 2024 | $1.99 | $1.62 | -18.59% |
| May 03, 2024 | $2.64 | $2.75 | +4.17% |
| Feb 27, 2024 | $4.48 | $3.85 | -14.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cumulus Media Inc (CMLS) report earnings?
Cumulus Media Inc (CMLS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Cumulus Media Inc (CMLS) earnings time?
Cumulus Media Inc (CMLS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMLS EPS forecast?
CMLS EPS forecast for the fiscal quarter 2024 (Q4) is -$0.58.
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