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Cumulus Media vs Urban One: CMLS and UONE compared
Cumulus Media is the larger company: $168M of revenue in its latest quarter (Q2 2026) against $85.8M for Urban One (Q2 2026). Urban One is growing faster (-6% against -10% a year earlier). Cumulus Media is more profitable, with an operating margin of 1.4% against -13.1%.
Where the money goes: CMLS and UONE
Cumulus Media (CMLS) · Q2 2026
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.
Urban One (UONE) · Q2 2026
Urban One, Q2 2026: revenue $85.8M (-6% year over year), operating margin -13.1%, net loss $7.0M, operating cash flow −$7.3M. The chart follows the revenue to costs, profit and cash.
| Cumulus Media (CMLS) | Urban One (UONE) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $168M | $85.8M |
| Revenue growth, Y/Y | -10% | -6% |
| Operating margin | 1.4% | -13.1% |
| Net earnings | −$9.2M | −$7.0M |
| Net margin | -5.5% | -8.1% |
| Operating cash flow | $6.6M | −$7.3M |
| Free cash flow | $3.4M | — |
Where the revenue comes from
Cumulus Media
- Total broadcast radio revenue: $103M (61%)
- Digital: $38.7M (23%)
- Other: $26.3M (16%)
Urban One
- Radio advertising: $34.7M (41%)
- Cable Television advertising: $20.8M (24%)
- Cable Television affiliate fees: $16.3M (19%)
- Digital advertising: $9.4M (11%)
Questions
Which is bigger, Cumulus Media or Urban One?
Cumulus Media is the larger company: $168M of revenue in its latest quarter (Q2 2026) against $85.8M for Urban One (Q2 2026).
Is Cumulus Media or Urban One growing faster?
Urban One is growing faster (-6% against -10% a year earlier).
Which is more profitable, Cumulus Media or Urban One?
Cumulus Media is more profitable, with an operating margin of 1.4% against -13.1%.
More: Cumulus Media earnings · how Cumulus Media makes money · Urban One earnings · how Urban One makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.