Spot was Cumulus Media’s largest product and service line in fiscal 2025, bringing in $677.29M of $1.48B (46%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Advertising Revenues | — | — | — | — | |||||||
| Spot | $959.67M | $824.09M | $777.66M | $677.29M | |||||||
| Network | $459.54M | $365.01M | $350.57M | $271.72M | |||||||
| Digital | $284.62M | $292.85M | $308.40M | $302.55M | |||||||
| Other | $203.18M | $207.15M | $217.53M | $231.83M | |||||||
| Non-Advertising Revenues | — | — | — | — | |||||||
| Total | $1.91B | $1.69B | $1.65B | $1.48B |
Cumulus Media brought in $1.48B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 10.3% from $1.65B in fiscal 2024. Spot was the largest at $677.29M (45.7%), ahead of Digital at $302.55M (20.4%) and Network at $271.72M (18.3%). The remaining line, Other, brought in $231.83M.
Compared with fiscal 2024, Other grew fastest, up 6.6% to $231.83M, while Network fell the most, down 22.5% to $271.72M. From fiscal 2022 to 2025, combined revenue from these lines fell from $1.91B to $1.48B, a compound annual decline of 8.0%. Spot's share of the total fell from 50.3% to 45.7%.
Operating Segments was Cumulus Media’s largest segment in fiscal 2017, bringing in $1.57B of $1.58B (100%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|
| Operating Segments | $1.68B | $1.59B | $1.60B | $1.57B |
| Corporate & Other | $7.71M | $6.66M | $4.79M | $5.07M |
| Total | $1.68B | $1.60B | $1.61B | $1.58B |
Cumulus Media brought in $1.58B from its two segments in fiscal 2017, the year ended December 31, 2017. That was down 1.9% from $1.61B in fiscal 2016. Operating Segments was the largest at $1.57B (99.7%), ahead of Corporate & Other at $5.07M (0.3%).
From fiscal 2014 to 2017, combined revenue from these segments fell from $1.68B to $1.58B, a compound annual decline of 2.1%. Operating Segments' share held steady at about 99.7%.
Radio Station Group was Cumulus Media’s largest revenue line in fiscal 2018, bringing in $606.63M of $907.85M (67%).
| Scenario | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|---|
| Radio Station Group | $1.59B | $1.60B | $1.57B | $606.63M | |
| Westwood One | $737.94M | $640.00M | $653.80M | $299.43M | |
| Corporate & Other | $6.66M | — | — | — | |
| Other Segments | — | $4.79M | $5.07M | $1.78M | |
| Total | $2.34B | $2.24B | $2.22B | $907.85M |
Cumulus Media brought in $907.85M from its three revenue lines in fiscal 2018, the year ended June 30, 2018. That was down 59.2% from $2.22B in fiscal 2017. Radio Station Group was the largest at $606.63M (66.8%), ahead of Westwood One at $299.43M (33.0%) and Other Segments at $1.78M (0.2%).
Compared with fiscal 2017, Westwood One fell 54.2% to $299.43M and Radio Station Group fell 61.3% to $606.63M.
Cumulus Media began breaking out Other Segments in fiscal 2016, when it brought in $4.79M. Cumulus Media stopped reporting Corporate & Other as a separate revenue line after fiscal 2015, when it brought in $6.66M.
Cumulus Media (CMLSQ) reports its revenue by product and service, by segment and by scenario. In fiscal 2025, Spot was its largest product and service line, bringing in $677.29M (45.7% of the total), followed by Digital at $302.55M (20.4%).
Spot was Cumulus Media's largest product and service line in fiscal 2025, bringing in $677.29M, or 45.7% of the $1.48B total across its four product and service lines.
Operating Segments was Cumulus Media's largest segment in fiscal 2017, bringing in $1.57B, or 99.7% of the $1.58B total across its two segments.
Radio Station Group was Cumulus Media's largest revenue line in fiscal 2018, bringing in $606.63M, or 66.8% of the $907.85M total across its three revenue lines.
Among Cumulus Media's product and service lines that make up at least 2% of revenue, Other grew fastest in fiscal 2025, up 6.6% from $217.53M to $231.83M.
Every figure comes from Cumulus Media's annual financial filings, as reported. Each line keeps the name Cumulus Media gives it, and years follow its fiscal calendar.
Cumulus Media's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.