Thu, Feb 27, 1:05 PM (59 days ago)
**Cumulus Media Inc. (CMLS) 2024 10-K Summary** Cumulus Media reported a **net revenue** of $827,076K for the fiscal year ended December 31, 2024, a **2.1% decline** from $844,548K in 2023. The **net loss** widened to $283,254K from $117,879K due to a significant **impairment charge** of $224,481K on intangible assets. **Adjusted EBITDA** decreased **8.8%** to $82,708K. **Operating expenses** totaled $1,066,740K, primarily driven by content costs and corporate expenses. The company aims to enhance its market position by expanding digital services and optimizing asset portfolios. Cumulus faces risks from economic uncertainty, competition, and regulatory changes impacting advertising revenues. Its **debt** stands at $669,041K, with significant covenants affecting liquidity. The company is in compliance with its credit agreements, but ongoing economic conditions raise concerns about cash flow stability. Looking ahead, Cumulus plans to leverage its extensive radio network and digital platforms to drive revenue growth while navigating the challenges posed by the evolving media landscape and economic pressures.