Filing Flows › Cumulus Media (CMLS) › Q2 2026 › vs Q1 2026
Cumulus Media (CMLS) Q2 2026 vs Q1 2026 (quarter over quarter)
Cumulus Media's revenue rose $3.5M (+2%) from $164M in Q1 2026 to $168M in Q2 2026. The biggest changes: Digital +$5.2M (+15%); Other −$3.8M (-13%); Total broadcast radio revenue +$2.1M (+2%).
Cumulus Media, Q2 2026: revenue $168M (-10% year over year), operating margin 1.4%, net loss $9.2M, operating cash flow $6.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 2.0% | -14.3% | +16.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Spot | $81.4M | $67.7M | $13.7M | +20% |
| Network | $21.4M | $33.0M | −$11.6M | -35% |
| Total broadcast radio revenue | $103M | $101M | $2.1M | +2% |
| Digital | $38.7M | $33.5M | $5.2M | +15% |
| Other | $26.3M | $30.2M | −$3.8M | -13% |
| Revenue | $168M | $164M | $3.5M | +2% |
| Net loss | $9.2M | $16.9M | −$7.7M | -45% |
| Costs & expenses | $177M | $191M | −$14.3M | -7% |
| Operating costs | $166M | $191M | −$25.3M | -13% |
| Interest & other, net | $10.7M | −$10.1M | $20.8M | — |
| Income tax | $881K | $540K | $341K | +63% |
| SG&A | $85.9M | $84.4M | $1.5M | +2% |
| Other operating costs | $79.7M | $106M | −$26.7M | -25% |
| Operating cash sources | $15.8M | −$3.2M | $19.1M | — |
| Depreciation & amortization | $12.3M | $12.3M | $28K | +0.2% |
| Working capital & other | $3.5M | −$15.5M | $19.0M | — |
| Net loss absorbed | $9.2M | $16.9M | −$7.7M | -45% |
| Operating cash flow | $6.6M | −$19.6M | $26.2M | — |
| Free cash flow (OCF − capex) | $3.4M | −$23.5M | $26.9M | — |
| Capital expenditures | $3.2M | $3.9M | −$693K | -18% |
Questions
How much did Cumulus Media's revenue grow quarter over quarter in Q2 2026?
Cumulus Media's revenue rose $3.5M (+2%) from $164M in Q1 2026 to $168M in Q2 2026.
What drove Cumulus Media's revenue change in Q2 2026?
Digital +$5.2M (+15%); Other −$3.8M (-13%); Total broadcast radio revenue +$2.1M (+2%).