Cumulus Media has reported its second-quarter financial results, and the company shared its seen a revenue decline during the period.
In total, the company secured $186 million in revenue during April, May, and June. That figure represents a 9.2% year-over-year decline.
The company added that digital revenue saw a slight decrease — 1.4%, or $38.8 million — during the quarter.
Digital marketing services grew 38%, which now represents approximately 50% of all Cumulus Media digital revenue.
“While the advertising backdrop for legacy media remains challenging, in the quarter we continued to outperform our radio peers, gaining market share across all broadcast spot revenue channels,” said President and CEO Mary Berner. “We also significantly outperformed in digital, delivering double the growth rate of our radio peers, driven by the 38% year-over-year increase in our digital marketing services business. Additionally, we executed $5 million of annualized cost reductions, bringing total annualized cost reductions to $175 million over the last 5 years.”
The company ended the quarter with an Adjusted EBITDA of $22.4 million, down from the $25.2 million it featured during the same quarter in 2024.
Despite the declines in overall revenue, Cumulus limited its losses from $27.7 million last year to $12.8 million this year.
“These results underscore our disciplined focus on optimizing performance and investing in growth opportunities despite capital constraints,” said Berner. “Looking ahead, while we do not expect near-term relief from market headwinds, we are confident in our ability to position the business for long-term success through strong execution and by capitalizing on the Company’s valuable underlying assets.”
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