Spot was Cumulus Media’s largest product and service line in fiscal 2025, bringing in $338.64M of $741.70M (46%).
| Product and Service | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Advertising Revenues | — | — | — | — | |||||
| Spot | $479.83M | $412.05M | $388.83M | $338.64M | |||||
| Network | $229.77M | $182.50M | $175.29M | $135.86M | |||||
| Digital | $142.31M | $146.43M | $154.20M | $151.28M | |||||
| Other | $101.59M | $103.57M | $108.76M | $115.91M | |||||
| Non-Advertising Revenues | — | — | — | — | |||||
| Total | $953.51M | $844.55M | $827.08M | $741.70M |
Cumulus Media brought in $741.70M from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 10.3% from $827.08M in fiscal 2024. Spot was the largest at $338.64M (45.7%), ahead of Digital at $151.28M (20.4%) and Network at $135.86M (18.3%). The remaining line, Other, brought in $115.91M.
Compared with fiscal 2024, Other grew fastest, up 6.6% to $115.91M, while Network fell the most, down 22.5% to $135.86M. From fiscal 2022 to 2025, combined revenue from these lines fell from $953.51M to $741.70M, a compound annual decline of 8.0%. Spot's share of the total fell from 50.3% to 45.7%.
Radio Station Group was Cumulus Media’s largest segment in fiscal 2017, bringing in $786.96M of $1.14B (69%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|
| Radio Station Group | $838.57M | $796.38M | $802.40M | $786.96M |
| Westwood One | $421.00M | $368.97M | $336.61M | $346.17M |
| Other Segments | — | — | $2.39M | $2.53M |
| Total | $1.26B | $1.17B | $1.14B | $1.14B |
Cumulus Media brought in $1.14B from its three segments in fiscal 2017, the year ended December 31, 2017. That was down 0.5% from $1.14B in fiscal 2016. Radio Station Group was the largest at $786.96M (69.3%), ahead of Westwood One at $346.17M (30.5%) and Other Segments at $2.53M (0.2%).
Compared with fiscal 2016, Westwood One grew 2.8% to $346.17M, while Radio Station Group fell 1.9% to $786.96M.
Cumulus Media began breaking out Other Segments in fiscal 2016, when it brought in $2.39M.
Cumulus Media (CMLSQ) reports its revenue by product and service and by segment. In fiscal 2025, Spot was its largest product and service line, bringing in $338.64M (45.7% of the total), followed by Digital at $151.28M (20.4%).
Spot was Cumulus Media's largest product and service line in fiscal 2025, bringing in $338.64M, or 45.7% of the $741.70M total across its four product and service lines.
Radio Station Group was Cumulus Media's largest segment in fiscal 2017, bringing in $786.96M, or 69.3% of the $1.14B total across its three segments.
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 $108.76M to $115.91M.
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.