01:37 PM EDT, 08/02/2024 (MT Newswires) -- Cumulus Media ( CMLS ) shares slumped 14% Friday after the company's Q2 loss widened more than expected year over year.

The company reported a Q2 net loss of $1.64 per diluted share, compared with a loss of $0.06 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.49.

Revenue for the quarter ended June 30 was $204.8 million, down from $210.1 million a year earlier.

Two analysts surveyed by Capital IQ expected $206 million.

Price: 1.71, Change: -0.28, Percent Change: -14.07