Cumulus Media has unveiled its 2026 first-quarter financial results. The company reports an overall revenue decline.
During the quarter, Cumulus reported $164 million in net revenue. That figure represents a 12.2% decrease compared to the same quarter in 2025.
Of that $164 million in net revenue, broadcast radio revenue accounted for $101 million. That marks a year-over-year decrease of 19%. The company’s network radio revenue fell just under 25% during the first quarter.
Digital revenue dropped 8.3% to $33.5 million.
“We are pleased to report first quarter earnings,” said President/CEO Mary Berner. “The Court’s recent approval of our reorganization plan marks a pivotal milestone in strengthening our financial foundation and positioning the Company to compete in the evolving media landscape. While we await FCC approval of the plan, we remain focused on leveraging our core strengths to drive long-term value creation.”
Cumulus‘ Adjusted EBITDA for the first quarter was $2.7 million, down 23.6%. It’s net loss for the quarter, however, was mitigated sharply. It lost $16.9 million, down from $32 million the prior year.
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