Filing Flows › Cumulus Media (CMLS) › Q1 2026 › vs Q4 2025
Cumulus Media (CMLS) Q1 2026 vs Q4 2025 (quarter over quarter)
Cumulus Media's revenue fell $23.6M (-13%) from $188M in Q4 2025 to $164M in Q1 2026. The biggest changes: Total broadcast radio revenue −$15.4M (-13%); Other −$4.8M (-14%); Digital −$3.4M (-9%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Spot | $67.7M | $82.8M | −$15.1M | -18% |
| Network | $33.0M | $33.4M | −$371K | -1% |
| Total broadcast radio revenue | $101M | $116M | −$15.4M | -13% |
| Digital | $33.5M | $36.9M | −$3.4M | -9% |
| Other | $30.2M | $35.0M | −$4.8M | -14% |
| Revenue | $164M | $188M | −$23.6M | -13% |
| Other income, net | $10.1M | −$16.0M | $26.1M | — |
| Net loss | $16.9M | $135M | −$118M | -88% |
| Costs & expenses | $191M | $327M | −$135M | -41% |
| Operating costs | $191M | $311M | −$120M | -39% |
| Income tax | $540K | −$3.6M | $4.2M | — |
| SG&A | $84.4M | $97.7M | −$13.2M | -14% |
| Other operating costs | $106M | $213M | −$107M | -50% |
| Operating cash sources | $32.4M | $26.5M | $5.9M | +22% |
| Depreciation & amortization | $12.3M | $12.8M | −$543K | -4% |
| Share-based compensation | $535K | $504K | $31K | +6% |
| Cash used in operations | $19.6M | $13.2M | $6.4M | +49% |
| Net loss absorbed | $16.9M | $135M | −$118M | -88% |
| Working capital & other | $15.5M | −$109M | $124M | — |
Questions
How much did Cumulus Media's revenue grow quarter over quarter in Q1 2026?
Cumulus Media's revenue fell $23.6M (-13%) from $188M in Q4 2025 to $164M in Q1 2026.
What drove Cumulus Media's revenue change in Q1 2026?
Total broadcast radio revenue −$15.4M (-13%); Other −$4.8M (-14%); Digital −$3.4M (-9%).