Cumulus Media (CMLSQ) Operating Expenses (2010 - 2026)
Cumulus Media (CMLSQ) reported Operating Expenses of $165.58 million for Q2 2026, down 9.2% from $182.34 million a year earlier and down 13.2% from the prior quarter.
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Analysis
Cumulus Media (CMLSQ) Operating Expenses (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cumulus Media's Operating Expenses came in at $851.82 million, down 17.0% year-over-year; for FY2025, it was $879.83 million, down 17.5% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 1.3% (FY2020 to FY2025).
- By year, Operating Expenses came in at $1.07 billion in FY2024 (+20.4%), $885.83 million in FY2023 (+1.4%), $873.72 million in FY2022 (+3.1%) and $847.35 million in FY2021 (+2.5%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Expenses since Q3 2011.
- Year over year, Operating Expenses has now declined in each of the last six quarters, with an average decline of 1.2% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q4 2024 (growth of 56.4%); the low point was Q4 2025 (a decline of 30.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $190.87 million (Q1 2026), $310.81 million (Q4 2025) and $184.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.70 Bn | 63.36 Bn | 4.10 Bn | 8.48 Bn |
| 2 | Fox | 29.29 Bn | 15.10 Bn | - | 2.38 Bn |
| 3 | Omnicom | 23.20 Bn | 5.28 Bn | 1.30 Bn | 5.64 Bn |
| 4 | News | 17.26 Bn | 8.74 Bn | - | 991.00 Mn |
| 5 | Pearson | 11.97 Bn | 9.09 Bn | - | - |
| 6 | New York Times | 11.24 Bn | 8.73 Bn | 394.61 Mn | 644.44 Mn |
| 7 | Sirius Xm Holdings | 9.24 Bn | 8.81 Bn | 1.44 Bn | 1.69 Bn |
| 8 | Skydance | 7.66 Bn | 5.58 Bn | - | - |
| 9 | Wpp | 5.76 Bn | -6.29 Bn | - | - |
| 10 | Cumulus Media | 176,680.32 | -290.93 Mn | - | 165.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 165.58 Mn |
| Mar 31, 2026 | 190.87 Mn |
| Dec 31, 2025 | 310.81 Mn |
| Sep 30, 2025 | 184.56 Mn |
| Jun 30, 2025 | 182.34 Mn |
| Mar 31, 2025 | 202.12 Mn |
| Dec 31, 2024 | 444.86 Mn |
| Sep 30, 2024 | 196.92 Mn |
| Jun 30, 2024 | 214.43 Mn |
| Mar 31, 2024 | 210.53 Mn |
| Dec 31, 2023 | 284.42 Mn |
| Sep 30, 2023 | 189.84 Mn |
| Jun 30, 2023 | 206.92 Mn |
| Mar 31, 2023 | 204.66 Mn |
| Dec 31, 2022 | 241.80 Mn |
| Sep 30, 2022 | 205.04 Mn |
| Jun 30, 2022 | 209.65 Mn |
| Mar 31, 2022 | 217.23 Mn |
| Dec 31, 2021 | 235.04 Mn |
| Sep 30, 2021 | 189.91 Mn |
API Access
Cumulus Media Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CMLSQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CMLSQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CMLSQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();