Cumulus Media Inc. (CMLS)

NASDAQ: CMLS · IEX Real-Time Price · USD
4.480
-0.220 (-4.68%)
Feb 26, 2024, 4:30 PM EST - Market closed
-4.68%
Market Cap 77.59M
Revenue (ttm) 874.52M
Net Income (ttm) -19.87M
Shares Out 16.20M
EPS (ttm) -1.07
PE Ratio n/a
Forward PE 8.03
Dividend n/a
Ex-Dividend Date n/a
Volume 46,443
Open 4.710
Previous Close 4.700
Day's Range 4.300 - 4.710
52-Week Range 2.570 - 6.590
Beta 1.61
Analysts Strong Buy
Price Target 9.50 (+112.05%)
Earnings Date Apr 25, 2024

About CMLS

Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. It owns and operates 404 stations in 85 markets, as well as approximately 9,400 affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and other partners. In addition, the company provides digital marketing services, such as email marketing, geo-targeted... [Read more]

Industry Broadcasting
IPO Date Jun 25, 1998
Employees 2,455
Stock Exchange NASDAQ
Ticker Symbol CMLS
Full Company Profile

Financial Performance

In 2022, Cumulus Media's revenue was $953.51 million, an increase of 4.04% compared to the previous year's $916.47 million. Earnings were $16.24 million, a decrease of -6.04%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CMLS stock is "Strong Buy." The 12-month stock price forecast is $9.5, which is an increase of 112.05% from the latest price.

Price Target
$9.5
(112.05% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Cumulus Media Inc. Adopts Limited-Duration Shareholder Rights Plan

ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (“Cumulus Media” or the “Company”) today announced that its Board of Directors (the “Board”) has adopted a limited-duration...

4 days ago - GlobeNewsWire

Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Operating Results

ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2023 operat...

14 days ago - GlobeNewsWire

Westwood One Presents Super Bowl LVIII Game-Day Coverage With an All-Pro Broadcast Team

2024 Marks Westwood One's 51st Super Bowl Broadcast Kevin Harlan, Hall of Famer Kurt Warner, Dean Blandino, Laura Okmin, and Mike Golic Call the Action Live from Las Vegas Scott Graham and Three-Time ...

18 days ago - GlobeNewsWire

Former President Donald J. Trump to be on "The Dan Bongino Show" Today at 2:30 p.m.

NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's Westwood One today announced that talk radio host Dan Bongino will host former President Donald J. Trump on “The Dan Bongino Show” for a liv...

21 days ago - GlobeNewsWire

Westwood One to Broadcast NFL Conference Championship Sunday, Presented by Intuit Turbo Tax

Doubleheader Coverage of AFC and NFC Championship Games airs Sunday, January 28 beginning at 2 p.m. ET Doubleheader Coverage of AFC and NFC Championship Games airs Sunday, January 28 beginning at 2 p....

4 weeks ago - GlobeNewsWire

America in the Morning Launches On the Cumulus Podcast Network

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that Westwood One's award-winning daily news magazine program, America in the Morning , joins the Cumulus Podca...

7 weeks ago - GlobeNewsWire

The Ed Mylett Show Joins the Cumulus Podcast Network

Top Performance and Mindset Coach Drops New Episodes Each Tuesday and Thursday Top Performance and Mindset Coach Drops New Episodes Each Tuesday and Thursday

7 weeks ago - GlobeNewsWire

BiggerPockets Podcast Network Moves to Cumulus

Six Leading Real Estate Investing Podcasts Join the Cumulus Podcast Network Network Includes #1-Ranked BiggerPockets Real Estate Podcast NEW YORK, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASD...

2 months ago - GlobeNewsWire

Cumulus Media's Westwood One Presents Exclusive National Audio Coverage of the 124th Army-Navy Football Game

NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- CUMULUS MEDIA's (NASDAQ: CMLS) Westwood One, the largest audio network in the U.S., will present exclusive national audio coverage of the Army-Navy Football...

2 months ago - GlobeNewsWire

Dan Bongino Extends Contract With Westwood One, Recommits to Broadcast Radio

Deal Keeps “The Dan Bongino Show” in Broadcast Syndication on Westwood One and The Dan Bongino Show Podcast on the Cumulus Podcast Network for Multiple Years Deal Keeps “The Dan Bongino Show” in Broad...

2 months ago - GlobeNewsWire

Cumulus Media Taps Collin Jones to Lead Westwood One

ATLANTA, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that it has appointed Collin Jones as President of Westwood One, effective January 1, 2024, responsible for West...

3 months ago - GlobeNewsWire

Cumulus Podcast Network to Provide Brand Safety & Suitability Measurement Through Barometer

NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) announced today that the Cumulus Podcast Network will now provide brand suitability and safety measurement across the Cumulus P...

3 months ago - GlobeNewsWire

Cumulus Media's Westwood One Presents Exclusive National Audio Coverage of Six NFL Games Over the Thanksgiving Holiday Weekend

First Ever Black Friday Game Features Twin Brothers Jason and Devin McCourty in the Broadcast Booth with Ian Eagle First Ever Black Friday Game Features Twin Brothers Jason and Devin McCourty in the B...

3 months ago - GlobeNewsWire

Cumulus Media Introduces Hello Rossipes Podcast

Ross Mathews and Bethie Hungerford to Host All-New Cooking Podcast Each Wednesday Beginning November 8 Ross Mathews and Bethie Hungerford to Host All-New Cooking Podcast Each Wednesday Beginning Novem...

4 months ago - GlobeNewsWire

Cumulus Media Reports Operating Results for the Third Quarter 2023

ATLANTA, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and nine months ende...

4 months ago - GlobeNewsWire

Westwood One Host Rich Eisen Wins Prestigious Marconi Award for Network/Syndicated Personality of the Year

Eisen Hosts Westwood One's Radio Program “The Rich Eisen Show” Also Anchors Pregame and Halftime Shows for Westwood One's Syndicated Coverage of NFL's Monday Night Football NEW YORK, Oct. 26, 2023 (GL...

4 months ago - GlobeNewsWire

Cumulus Media's Westwood One Launches 37th Consecutive Season As the Exclusive Primetime Network Radio Partner of the NFL

Westwood One's NFL Primetime Game Broadcasts Available to Fans on Westwoodonesports.com, Affiliated Stations' Primary Digital Platforms, NFL+ and the NFL App

6 months ago - GlobeNewsWire

Cumulus Media Announces Expanded Partnership With Rich Eisen

Newest Collaboration, What The Football with Suzy Shuster and Amy Trask, Launches September 12 on the Cumulus Podcast Network Newest Collaboration, What The Football with Suzy Shuster and Amy Trask, L...

6 months ago - GlobeNewsWire

CUMULUS MEDIA's Westwood One Presents Exclusive Audio Coverage of the 2023 Black College Football Hall of Fame Classic

NEW YORK, Aug. 31, 2023 (GLOBE NEWSWIRE) --  CUMULUS MEDIA's Westwood One (NASDAQ: CMLS), the largest audio network in the U.S. and the official network radio partner of both the NFL and the NCAA, wil...

6 months ago - GlobeNewsWire

Cumulus Media Reports Operating Results for the Second Quarter 2023

ATLANTA, July 28, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and six months ended...

7 months ago - GlobeNewsWire

Cumulus Media Names David Cohn Senior Vice President, Sales & Digital Partnerships at Westwood One

NEW YORK, July 11, 2023 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One today announced that David Cohn has joined as Senior Vice President, Sales and Digital Partnerships, based in Ne...

8 months ago - GlobeNewsWire

Cumulus Media Announces Conference Call to Discuss Second Quarter 2023 Operating Results

ATLANTA, July 10, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Friday, July 28th at 8:30 AM ET to discuss its second quarter 2023 operating results. A pres...

8 months ago - GlobeNewsWire

Cumulus Media Announces Final Results of Tender Offer

ATLANTA, June 14, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company” or "Cumulus") today announced the final results of its "modified Dutch auction" tender offer, which expired ...

9 months ago - GlobeNewsWire

Cumulus Media Announces Preliminary Results of Tender Offer

ATLANTA, June 12, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company” or "Cumulus") today announced the preliminary results of its "modified Dutch auction" tender offer, which ex...

9 months ago - GlobeNewsWire

Cumulus Media and Signal Hill Insights Release Podcast Download – Spring 2023 Report Revealing Latest Podcast Trends

Study Reveals YouTube Is Top Destination for Podcast Discovery Content Wears the Crown: Podcast Consumers Are Not Tied to Platform NEW YORK, June 05, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CM...

9 months ago - GlobeNewsWire