Cumulus Media Inc. (CMLS) Q3 2024 Earnings Call Transcript

Cumulus Media Inc. (NASDAQ:CMLS) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET

Company Participants

Collin Jones – EVP, Strategy and Development & President, Westwood One
Mary Berner – President & CEO
Frank Lopez-Balboa – CFO

Conference Call Participants

Michael Kupinski – Noble Capital Markets
Patrick Sholl – Barrington Research

Operator

Welcome to the Cumulus Media Quarterly Earnings Conference Call. I’ll now turn it over to Collin Jones, Executive Vice President of Strategy and Development and President of Westwood One. Sir, you may proceed.

Collin Jones

Thank you, operator. Welcome, everyone, to our third quarter 2024 earnings conference call. I’m joined today by our President and CEO, Mary Berner; and our CFO, Frank Lopez-Balboa.

Before we start, please note that certain statements in today’s press release and discussed on this call may constitute forward-looking statements under federal securities laws. Actual results may differ materially from the results expressed or implied in forward-looking statements. These statements are based on management’s current assessments and assumptions, and they are subject to a number of risks and uncertainties as discussed in our filings with the SEC.

In addition, we will also use certain non-GAAP financial measures. We believe the supplementary information is useful to investors, although it should not be considered superior to the measures presented in accordance with GAAP. A full description of these risks as well as financial reconciliations to non-GAAP terms, are in our press release and SEC filings. The press release can be found in the Investor Relations portion of our website, and our Form 10-Q was also filed with the SEC shortly before this call. A recording of today’s call will be available for about a month via a link in the Investor portion of our website.

With that, I’ll now turn it over to our President and