Cumulus Media Third Quarter 2024 Earnings: EPS Misses Expectations

[formerradio]

Revenue: $203.6 million (down 1.8% from 3Q 2023).
61¢ loss per share (down from 17¢ profit in 3Q 2023)

To make a small fortune in radio, start with a large fortune.

 

[TheBigA]

Broadcast revenue was up 5%

Cumulus Media Q3 Revenue Down Nearly 2%, But In Line With Pacing Guidance.

Cumulus Media reported revenue of $204 million in Q3 2024, down 1.8%, but still in line with pacing guidance. Broadcast radio revenue was $1.38 million, up 5.5% from a year

www.insideradio.com

 

[RadioGuy1864]

Revenue: $203.6 million (down 1.8% from 3Q 2023).
61¢ loss per share (down from 17¢ profit in 3Q 2023)

To make a small fortune in radio, start with a large fortune.

There's still money to be made in radio. You just need to be careful, know what you are doing, and not over-pay for assets. Good advice for any business.