The final three months of 2024 won’t be brighter, revenue-wise, for one of the nation’s leading publicly traded radio broadcasting companies. And, the Q4 estimation comes following a third quarter earnings report that, notably, saw less political ad dollars than one key analyst thought Cumulus Media would achieve.
That said, revenue and EBITDA were “in-line” for the company in Q3, as President/CEO Mary Berner noted in prepared remarks delivered on a Friday pre-market earnings call for analysts and investors that the company “maintained our focus on what we can control.”
