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Cumulus Media (CMLS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Cumulus Media (CMLS) reported revenue of $168M for the second quarter 2026 (Q2 2026), -10% from a year earlier and +2% from the quarter before. Operating margin was 1.4%, net loss $9.2M (5.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | +2% | -10% |
| Operating profit | $2.3M | — | -37% |
| Net earnings | −$9.2M | — | — |
| Operating cash flow | $6.6M | — | — |
| Free cash flow | $3.4M | — | — |
What changed
Revenue was $167.9M in Q2 2026, down 10% year over year and up 2% from the previous quarter. Spot was the largest line at 49% of revenue. Spot lost $9.7M year over year (down 11%), 54% of the total change.
Operating profit was $2.3M, a 1.4% margin (down 0.6 points year over year). Total costs fell 9% while revenue fell 10%. The quarter ended with a net loss of $9.2M, narrower than the previous quarter's $16.9M loss. Net interest and other expense of $10.7M was the main reason.
Operating cash flow was $6.6M. Non-cash charges added back $12.3M of depreciation and amortization. Working capital and other items added $3.5M. Capital expenditures of $3.2M left free cash flow of $3.4M.
Questions
What was Cumulus Media's revenue in the second quarter 2026?
Cumulus Media (CMLS) reported revenue of $168M for the second quarter 2026 (Q2 2026), -10% from a year earlier and +2% from the quarter before.
Was Cumulus Media profitable in the second quarter 2026?
Operating profit was $2.3M (1.4% of revenue) and net loss $9.2M.
Source: Cumulus Media 10-Q on SEC EDGAR.