Cumulus Media Inc. (CMLS) Q3 2023 Earnings Call Transcript

Oct. 27, 2023 10:10 AM ETCumulus Media Inc. (CMLS) StockCMLS
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Q3: 2023-10-27 Earnings Summary

EPS of $0.16 beats by $0.50
 | Revenue of $207.42M (-11.16% Y/Y) misses by $47.67K

Cumulus Media Inc. (OTC:CMLS) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET

Company Participants

Collin Jones - EVP, Strategy & Development
Mary Berner - President & Chief Executive Officer
Frank Lopez-Balboa - Chief Financial Officer

Conference Call Participants

Michael Kupinski - Noble Capital Markets
James Goss - Barrington Research
Dan Day - B. Riley Securities

Operator

Good morning. Welcome to the Cumulus Media Quarterly Earnings Conference Call.

I will now turn it over to Collin Jones, Executive Vice President of Strategy and development. Sir, you may proceed.

Collin Jones

Thank you, operator. Welcome, everyone to our third quarter 2023 earnings conference call. I'm joined today by our President and CEO, Mary Berner; and our CFO, Frank Lopez-Balboa.

Before we start, please note that certain statements in today’s press release and discussed on this call may constitute forward-looking statements under federal securities laws. Actual results may differ materially from the results expressed or implied in forward-looking statements. These statements are based on management’s current assessments and assumptions and they are subject to a number of risks and uncertainties as discussed in our filings with the SEC.

In addition, we will also use certain non-GAAP financial measures. We believe the supplementary information is useful to investors, although it should not be considered superior to the measures presented in accordance with GAAP. A full description of these risks as well as financial reconciliations to non-GAAP terms are in our press release and SEC filings.

The press release can be found in the Investor Relations portion of our website and our Form 10-Q was also filed with the SEC shortly before this call. A recording of today's call will be available for about a month via link in the Investor portion of our website.

With that, I will now turn it over

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