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Extra Everything: The Story of Chipotle
Chipotle's story from a single restaurant to a nationwide chain, through crisis and turnaround, built on one of the strongest models in the industry.
Cumulus Media
Cumulus Media (CMLS) investor relations material
Cumulus Media Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary10 Apr, 2026
Executive summary
Net revenue declined 14.0% year-over-year to $188.1 million for Q4 2025 and 10.3% to $741.7 million for the full year 2025.
Net loss improved to $135.1 million in Q4 2025 from $231.1 million in Q4 2024; full-year net loss was $200.7 million, down from $283.3 million in 2024.
Adjusted EBITDA dropped 62.2% year-over-year to $9.5 million in Q4 2025 and 37.1% to $52.0 million for the year.
Recently announced financial restructuring aims to reduce debt burden and improve operational flexibility.
Financial highlights
Broadcast radio revenue fell 22.2% in Q4 2025 and 15.9% for the year; spot and network segments both declined sharply.
Digital revenue decreased 8.5% in Q4 2025 and 1.9% for the year; other revenue increased 20.9% in Q4 and 6.6% for the year.
Operating expenses decreased year-over-year, with significant reductions in content costs and impairments.
Political revenue was $1.3 million in Q4 2025 and $3.9 million for the year, both down significantly from 2024.
Outlook and guidance
Management remains focused on leveraging core strengths and maximizing value post-restructuring.
Forward-looking statements caution about risks from economic conditions, industry competition, and execution of strategic plans.
Drivers of the 20.9% Q4 growth in Other revenue
Reason for the 32.2% Q4 drop in Network revenue
Nature of the $13.2M 2025 non-routine legal costs
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Cumulus Media
- Q2 revenue fell 2.5% as digital grew, net loss widened, and debt maturities were extended.CMLS
Q2 20242 Feb 2026 - Digital and DMS growth offset ad declines; debt exchange extended maturities and cut costs.CMLSQ3 202417 Jan 2026
- Digital and DMS growth offset ad market weakness as cost cuts and refinancing improved flexibility.CMLSQ4 202425 Dec 2025
- Proxy outlines major governance reforms, executive pay cuts, and ESG progress, with key votes ahead.CMLSProxy Filing2 Dec 2025
- Revenue fell 6.4% as digital and DMS growth offset radio declines; shares move to OTCQB.CMLSQ1 202525 Nov 2025
- Digital marketing services grew 38% as net revenue fell 9.2% and cost cuts improved liquidity.CMLSQ2 202523 Nov 2025
- Revenue and EBITDA declined, but digital marketing surged 34% and cost cuts improved liquidity.CMLSQ3 20254 Nov 2025
Next Cumulus Media earnings date
Q1 202630 Apr, 2026
Cumulus Media
Next Cumulus Media earnings date
Q1 202630 Apr, 2026
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Amina0781App Store
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@theshortbearx.com
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