Cumulus Media (NASDAQ:CMLS) reported net revenues of $328M for the fourth quarter. 4Q revenue was positively impacted by healthy advertising trends across auto, healthcare and financial services, slightly offset by weakness across retail, tracking weaker holiday sales. EBITDA was $96M (+6% yoy), mostly driven by investments that took place earlier in the year, improving margins by lowering content costs. Management expects Q1 revenues and EBITDA … Continue reading Cumulus Media Posts Solid Quarterly Results

Life Time’s fourth-quarter EPS rose 13%, to $0.63, ahead of our and the consensus estimates of $0.62 and at the high end of management’s implied guidance of $0.61 to $0.63, although the upside versus consensus expectations came courtesy of a $0.015 benefit from a lower-than-expected tax rate. Membership trends were once again shy of expectations, with membership growth of 0.3%, to 789,500, worse than the … Continue reading Lifetime Fitness Earnings Highlights