Cumulus Media Inc. ( NASDAQ:CMLS ) shareholders should be happy to see the share price up 15% in the last month. But...
Cumulus (CMLS) delivered earnings and revenue surprises of -32.08% and 0.40%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Delivers Strong Results with Total Revenue Up 5% Led by Digital Revenue Growth of 20% Recorded Net Income of $8.7 Million (+247%) and EBITDA of $45.5 Million (+23%) Completed $25 Million Dutch Tender and Retired $50 Million of Debt ATLANTA, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and six months ended June 30, 2022. Mary G. Berner, President and Chief Executive Office