Cumulus Media Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	741.7	827.08	844.55	953.51	916.47
Revenue Growth (YoY)	-10.32%	-2.07%	-11.43%	4.04%	12.28%
Cost of Revenue	271.34	324.25	333.36	357.48	359.77
Gross Profit	470.35	502.83	511.19	596.03	556.7
Selling, General & Admin	434.43	443.63	429.36	437.63	437.05
Operating Expenses	488.77	502.76	487.54	494.01	490.6
Operating Income	-18.42	0.07	23.65	102.01	66.1
Interest Expense	-65.23	-68.78	-71.27	-64.89	-67.85
Interest & Investment Income	1	0.53	2.36	0.34	-
Other Non Operating Income (Expenses)	-0.11	14.72	-0.36	-0.13	-1.01
EBT Excluding Unusual Items	-82.76	-53.45	-45.61	37.33	-2.75
Merger & Restructuring Charges	-11.09	-13.89	-17.68	-8.22	-14.6
Gain (Loss) on Sale of Assets	1.2	-1.37	16.06	1.54	17.62
Asset Writedown	-109.83	-224.48	-65.31	-15.54	-
Other Unusual Items	-	0.17	11.85	4.5	20
Pretax Income	-202.48	-293.02	-100.7	19.61	20.26
Income Tax Expense	-1.78	-9.77	17.18	3.37	2.98
Net Income	-200.7	-283.25	-117.88	16.24	17.28
Net Income to Common	-200.7	-283.25	-117.88	16.24	17.28
Net Income Growth	-	-	-	-6.04%	-
Shares Outstanding (Basic)	17	17	17	20	20
Shares Outstanding (Diluted)	17	17	17	20	21
Shares Change (YoY)	3.01%	-2.29%	-13.76%	-4.35%	3.03%
EPS (Basic)	-11.55	-16.79	-6.83	0.83	0.84
EPS (Diluted)	-11.55	-16.79	-6.83	0.81	0.83
EPS Growth	-	-	-	-2.41%	-
Free Cash Flow	-41.57	-22.58	6.85	47.28	32.43
Free Cash Flow Per Share	-2.39	-1.34	0.40	2.36	1.55
Gross Margin	63.42%	60.80%	60.53%	62.51%	60.74%
Operating Margin	-2.48%	0.01%	2.80%	10.70%	7.21%
Profit Margin	-27.06%	-34.25%	-13.96%	1.70%	1.88%
Free Cash Flow Margin	-5.61%	-2.73%	0.81%	4.96%	3.54%
EBITDA	35.92	59.2	81.83	158.4	119.65
EBITDA Margin	4.84%	7.16%	9.69%	16.61%	13.05%
D&A For EBITDA	54.34	59.12	58.18	56.39	53.55
EBIT	-18.42	0.07	23.65	102.01	66.1
EBIT Margin	-2.48%	0.01%	2.80%	10.70%	7.21%
Effective Tax Rate	-	-	-	17.19%	14.72%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.