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Cumulus Media Valuation Multiples

Discover revenue and EBITDA valuation multiples for Cumulus Media and similar public comparables like ARN Media, BEC World, and Southern Cross Media.

Cumulus Media Overview

About Cumulus Media

Cumulus Media Inc is an audio-first media company delivering content to over a quarter billion people monthly whenever required. It is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with the Westwood One network and numerous digital channels. The company's revenue is derived from Broadcast radio revenue, Digital revenue, and Other revenue.


Founded

2002

HQ

United States of America
Employees

3.1K+

Financials

LTM Revenue $816M

LTM EBITDA $77.6M

EV

$736M

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Cumulus Media Financials

Cumulus Media has a last 12-month revenue of $816M and a last 12-month EBITDA of $77.6M.

In the most recent fiscal year, Cumulus Media achieved revenue of $827M and an EBITDA of -$163M.

Cumulus Media expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Cumulus Media P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $845M $827M XXX XXX XXX
Gross Profit $596M $513M XXX XXX XXX
Gross Margin 71% 62% XXX XXX XXX
EBITDA $26.5M -$163M XXX XXX XXX
EBITDA Margin 3% -20% XXX XXX XXX
Net Profit $16.2M -$118M XXX XXX XXX
Net Margin 2% -14% XXX XXX XXX
Net Debt $607M $592M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Cumulus Media Stock Performance

As of April 15, 2025, Cumulus Media's stock price is $0.

Cumulus Media has current market cap of $5.0M, and EV of $736M.

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Cumulus Media Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$736M $5.0M XXX XXX XXX XXX $-12.79

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Cumulus Media Valuation Multiples

As of April 15, 2025, Cumulus Media has market cap of $5.0M and EV of $736M.

Cumulus Media's trades at 0.9x LTM EV/Revenue multiple, and 9.5x LTM EBITDA.

Analysts estimate Cumulus Media's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Cumulus Media Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $736M XXX XXX XXX
EV/Revenue 0.9x XXX XXX XXX
EV/EBITDA -4.5x XXX XXX XXX
P/E -0.0x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -32.6x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Cumulus Media Valuation Multiples

Cumulus Media's NTM/LTM revenue growth is -3%

Cumulus Media's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Over next 12 months, Cumulus Media's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Cumulus Media's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Cumulus Media Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -2% XXX XXX XXX XXX
EBITDA Margin -20% XXX XXX XXX XXX
EBITDA Growth -714% XXX XXX XXX XXX
Rule of 40 (SaaS-only) -22% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.2M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 62% XXX XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Cumulus Media Public Comps

See public comps and valuation multiples for Radio Broadcasting and Content Production comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ARN Media XXX XXX XXX XXX XXX XXX
Sports Entertainment Group XXX XXX XXX XXX XXX XXX
Southern Cross Media XXX XXX XXX XXX XXX XXX
BEC World XXX XXX XXX XXX XXX XXX
The ONE Enterprise XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Cumulus Media M&A and Investment Activity

Cumulus Media acquired  XXX companies to date.

Last acquisition by Cumulus Media was  XXXXXXXX, XXXXX XXXXX XXXXXX . Cumulus Media acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Cumulus Media

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Cumulus Media

When was Cumulus Media founded? Cumulus Media was founded in 2002.
Where is Cumulus Media headquartered? Cumulus Media is headquartered in United States of America.
How many employees does Cumulus Media have? As of today, Cumulus Media has 3.1K+ employees.
Who is the CEO of Cumulus Media? Cumulus Media's CEO is Ms. Mary G. Berner.
Is Cumulus Media publicy listed? Yes, Cumulus Media is a public company listed on NAS.
What is the stock symbol of Cumulus Media? Cumulus Media trades under CMLS ticker.
When did Cumulus Media go public? Cumulus Media went public in 1998.
Who are competitors of Cumulus Media? Similar companies to Cumulus Media include e.g. ARN Media, Sports Entertainment Group, Southern Cross Media, BEC World.
What is the current market cap of Cumulus Media? Cumulus Media's current market cap is $5.0M
What is the current revenue of Cumulus Media? Cumulus Media's last 12-month revenue is $816M.
What is the current EBITDA of Cumulus Media? Cumulus Media's last 12-month EBITDA is $77.6M.
What is the current EV/Revenue multiple of Cumulus Media? Current revenue multiple of Cumulus Media is 0.9x.
What is the current EV/EBITDA multiple of Cumulus Media? Current EBITDA multiple of Cumulus Media is 9.5x.
What is the current revenue growth of Cumulus Media? Cumulus Media revenue growth between 2023 and 2024 was -2%.
Is Cumulus Media profitable? Yes, Cumulus Media is EBITDA-positive (as of the last 12 months).

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