Filing Flows › Cumulus Media (CMLS) › Q4 2024
Cumulus Media (CMLS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Cumulus Media (CMLS) reported revenue of $219M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and +7% from the quarter before. Operating margin was -103.5%, net loss $231M (105.7% of revenue).
Cumulus Media, Q4 2024: revenue $219M (-1% year over year), operating margin -103.5%, net loss $231M, operating cash flow $17.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $219M | +7% | -1% |
| Operating profit | −$226M | — | — |
| Net earnings | −$231M | — | — |
| Operating cash flow | $17.0M | +333% | +420% |
| Free cash flow | $13.4M | 22× | — |
What changed
Revenue was $218.6M in Q4 2024, down 1% year over year and up 7% from the previous quarter. Spot was the largest line at 46% of revenue.
Operating costs exceeded revenue by $226.3M, an operating margin of -103.5%. Total costs grew 56% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+87%). The quarter ended with a net loss of $231.1M, wider than the previous quarter's $10.3M loss.
Operating cash flow was $17.0M (up 420% year over year). Non-cash charges added back $14.9M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $232.0M. Capital expenditures of $3.6M left free cash flow of $13.4M.
Questions
What was Cumulus Media's revenue in the fourth quarter 2024?
Cumulus Media (CMLS) reported revenue of $219M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and +7% from the quarter before.
Was Cumulus Media profitable in the fourth quarter 2024?
Operating loss was $226M (-103.5% of revenue) and net loss $231M.
Source: Cumulus Media 10-K on SEC EDGAR.