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Cumulus Media (CMLS)
:CMLS
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.29Last Year’s EPS
-0.85Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -51.11%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in digital marketing services and cost reduction efforts, but also faced challenges with declines in advertising revenue and negative impacts from the loss of key podcast partnerships. Despite the headwinds, there is optimism about growth opportunities in digital and efforts to mitigate losses.Company Guidance
During the Cumulus Media earnings call for the fourth quarter of 2024, the company provided guidance on several key metrics and strategies. The digital marketing services (DMS) business emerged as a standout performer, with a 27% revenue increase year-over-year, growing to account for approximately 19% of total company revenue. The company also noted an 18% increase in customer count and an 11% rise in average digital order size per customer, contributing to a high retention rate. Despite a slight decline in podcast revenue due to the Daily Wire's decision to handle its ad sales in-house, podcast revenues excluding Daily Wire were up over 35% in 2024. In terms of cost management, Cumulus implemented $35 million in annualized net cost reductions in Q4, adding to the $128 million in cost cuts from 2019 through Q3 2024, reducing its fixed cost base by 22% over the same period. Looking forward, Cumulus Media aims to continue investing in digital growth while reengineering its business to enhance operating efficiency. Additionally, the company extended its debt maturities to 2029, providing financial flexibility to execute these strategies.Digital Marketing Services Growth
Digital marketing services business experienced a 27% revenue increase year-over-year, becoming the largest digital segment. Customer count increased by 18%, and digital-only customers grew by 31%.
Cost Reductions and Financial Flexibility
Achieved approximately $35 million in annualized net cost reductions in Q4 2024. Extended debt maturities to 2029, providing financial flexibility and optionality.
Podcast Revenue (Excluding Daily Wire)
Podcast revenue, excluding Daily Wire, was up over 35% in 2024, and efforts are underway to offset the revenue loss from Daily Wire.
Political Advertising Revenue
Benefited from approximately $19 million in political advertising during 2024, contributing positively to overall revenue.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $0.90 | $0.90 | 0.00% |
| 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% |
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 (CMLS) report earnings?
Cumulus Media (CMLS) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Cumulus Media (CMLS) earnings time?
Cumulus Media (CMLS) earnings time is at Apr 30, 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 2025 (Q1) is -1.29.
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