Cumulus Media Inc. today reported significant declines in net revenue and a substantial net loss for both the fourth quarter and the full year ended December 31, 2025, amidst a recently announced financial restructuring. The radio broadcasting company posted a net loss of $135.1 million on net revenue of $188.1 million for the three months ending December 31, 2025, representing a 14.0% decrease from the prior year's quarter.
For the full year 2025, Cumulus Media recorded a net loss of $200.7 million, with net revenue dropping 10.3% to $741.7 million compared to 2024.
President and Chief Executive Officer Mary G. Berner emphasized the importance of the financial restructuring: "The Company’s recently announced financial restructuring marks an important step toward meaningfully reducing the debt burden that has constrained the business. Looking ahead, we remain focused on building on the core strengths of the Company to maximize value."
Adjusted EBITDA for the fourth quarter stood at $9.5 million, and for the full year, it was $52.0 million.
Adjusted EBITDA for the fourth quarter stood at $9.5 million, and for the full year, it was $52.0 million.