Filing Flows › Cumulus Media (CMLS) › Q1 2026 › vs Q1 2025
Cumulus Media (CMLS) Q1 2026 vs Q1 2025 (year over year)
Cumulus Media's revenue fell $22.9M (-12%) from $187M in Q1 2025 to $164M in Q1 2026. The biggest changes: Total broadcast radio revenue −$24.1M (-19%); Other +$4.3M (+17%); Digital −$3.0M (-8%).
Cumulus Media, Q1 2026: revenue $164M (-12% year over year), operating margin -16.1%, net loss $16.9M, operating cash flow −$19.6M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Spot | $67.7M | $81.0M | −$13.2M | -16% |
| Network | $33.0M | $43.9M | −$10.9M | -25% |
| Total broadcast radio revenue | $101M | $125M | −$24.1M | -19% |
| Digital | $33.5M | $36.6M | −$3.0M | -8% |
| Other | $30.2M | $25.9M | $4.3M | +17% |
| Revenue | $164M | $187M | −$22.9M | -12% |
| Other income, net | $10.1M | −$15.9M | $26.0M | — |
| Net loss | $16.9M | $32.4M | −$15.5M | -48% |
| Costs & expenses | $191M | $220M | −$28.3M | -13% |
| Operating costs | $191M | $202M | −$11.3M | -6% |
| Income tax | $540K | $1.6M | −$1.1M | -67% |
| SG&A | $84.4M | $93.4M | −$9.0M | -10% |
| Other operating costs | $106M | $109M | −$2.3M | -2% |
| Operating cash sources | $32.4M | $19.5M | $12.9M | +66% |
| Depreciation & amortization | $12.3M | $14.8M | −$2.5M | -17% |
| Share-based compensation | $535K | $849K | −$314K | -37% |
| Cash used in operations | $19.6M | $3.8M | $15.7M | +412% |
| Net loss absorbed | $16.9M | $32.4M | −$15.5M | -48% |
| Working capital & other | $15.5M | −$12.9M | $28.4M | — |
Questions
How much did Cumulus Media's revenue grow year over year in Q1 2026?
Cumulus Media's revenue fell $22.9M (-12%) from $187M in Q1 2025 to $164M in Q1 2026.
What drove Cumulus Media's revenue change in Q1 2026?
Total broadcast radio revenue −$24.1M (-19%); Other +$4.3M (+17%); Digital −$3.0M (-8%).