Cumulus Media (CMLS) Reports Q3 EPS of $0.04
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Cumulus Reports Operating Results for Third Quarter 2017
November 9, 2017 7:30 AM ESTATLANTA, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the Company, we, us, or our) today announced operating results for the three and nine months ended September 30, 2017. Â
For the three months ended September 30, 2017, the Company reported net revenue of $287.2 million, up 0.4% from the three months ended September 30, 2016, net income of $1.3 million and Adjusted EBITDA of $61.8 million which was up 40.7% from the three months ended September 30, 2016. For the nine months ended September 30, 2017, the Company reported net revenue of $841.8 million, net loss of $0.4 million and Adjusted EBITDA of $167.9 million which was up 12.7% from the nine months ended... More
