Cumulus Media has reported its financial results for the full year of 2025 and its fourth quarter, and the company saw an overall revenue decline during the year.
During the fourth quarter, the company reported net revenue of $188 million. That’s down 14% from the conclusion of 2024. For the year, Cumulus saw $742 million in net revenue, marking a decrease of 10.3%.
“The Company’s recently announced financial restructuring marks an important step toward meaningfully reducing the debt burden that has constrained the business,” said President and CEO Mary Berner. “Looking ahead, we remain focused on building on the core strengths of the Company to maximize value.”
The company’s broadcast radio revenue — which includes both spot and network revenue — finished the year at $475 million. That is a decrease of 15.9% compared to 2024. Digital revenue was just slightly less during 2025 than the prior year, dropping 1.9% to $151 million.
Cumulus’ Adjusted EBITDA ended 2025 at $52 million, down from $82 million. It ended 2025 with a net loss of $200.7 million, down from the $283 million it lost in 2024.
The release of its financial results comes after Cumulus filed for pre-packaged Chapter 11 bankruptcy last month. With the filing, it hopes to eliminate $600 million in debt.
As the company attempts to emerge from the filing, it has struck a deal with CEO Mary Berner to remain in that role once the process is complete.
Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.
