Tag: network spot revenue

Cumulus Media is first out of the gate reporting its operating results for the first quarter of 2026. Net revenue for the company was $164.4 million, a decline of 12.2% from the same period in 2025. Cumulus saw its net loss shrink by almost half to $16.9 million compared to Q1 of 2025. The company reports declines in all segments of its business; even digital revenue was off 8.3% ($33.5 million). Network spot revenue was down 25% ($33 million), and broadcast spot revenue was $67.7 million, a decline of 16.3% from Q1 of 2025. Cumulus president and CEO Mary G. Berner says, “We are pleased to report first quarter earnings. The Court’s recent approval of our reorganization plan marks a pivotal milestone in strengthening our financial foundation and positioning the company to compete in the evolving media landscape. While we await FCC approval of the plan, we remain focused on leveraging our core strengths to drive long-term value creation.”