Audio broadcaster Cumulus Media's Q2 revenue falls 9.7% amid bankruptcy

Cumulus Media

14/08/2026 21:24

Overview
U.S. audio broadcaster's Q2 revenue fell 9.7% yr/yr amid ongoing Chapter 11 proceedings
Adjusted EBITDA for Q2 declined 28.3% from prior year
Company expects to emerge from bankruptcy after FCC approval of reorganization plan

Outlook
Company did not provide specific financial guidance for upcoming periods

Result Drivers
BROADCAST RADIO WEAKNESS - Company said both spot and network broadcast radio revenue declined sharply in Q2
DIGITAL REVENUE FLAT - Digital revenue was nearly unchanged from the prior year period

Company press release: ID:nGNX5JqQ99

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$167.9 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)