Cumulus Media (CMLS) Tops Q3 EPS by 12c

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Go back to Cumulus Media (CMLS) Tops Q3 EPS by 12c

CUMULUS MEDIA Reports Operating Results for the Third Quarter 2019

November 11, 2019 4:01 PM EST

ATLANTA, Nov. 11, 2019 (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, 2019.

Third Quarter Financial Highlights

As compared to the third quarter of 2018 on an As Reported GAAP basis:   --   Net revenue decreased 0.5%   --   Net income was $16.3 million   --   Adjusted EBITDA(1) decreased 5.5%As compared to the third quarter of 2018 on a Same Station(2) basis, excluding the impact of political revenue:   --   Net revenue increased 3.9%   --   Adjusted EBITDA(1) increased 2.2%As compared to the... More