Welcome to our dedicated page for Townsquare Media news (Ticker: TSQ), a resource for investors and traders seeking the latest updates and insights on Townsquare Media stock.
Townsquare Media, Inc. (TSQ) is a distinguished media and entertainment company focused on connecting communities with content they love, people they trust, products they want, and things that matter. Headquartered in Purchase, New York, Townsquare Media operates a vast portfolio of media assets that include 312 radio stations, over 326 companion websites, an e-commerce business (seizethedeal.com), and approximately 500 annual live events in 66 small and medium-sized markets across the United States.
The company is structured into three primary segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The majority of its revenue comes from Broadcast Advertising, which encompasses local, regional, and national advertising products delivered through terrestrial radio broadcasts. This diversified approach ensures a substantial reach within its target markets.
Townsquare Media's national business is equally impressive, featuring leading music and entertainment-focused digital properties such as tasteofcountry.com, loudwire.com, popcrush.com, and screencrush.com. These platforms are complemented by several multi-day music festivals, including the renowned Mountain Jam and Taste of Country Music Festival. The company also boasts a robust digital advertising portfolio, significantly contributing to its revenue and growth.
Recent achievements highlight Townsquare Media's financial health and strategic direction. The company's digital segment now represents 53% of its total net revenue, reflecting strong digital growth and profit margins across all segments. For the first quarter, the company generated $68 million in cash flow from operations, marking a 35% year-over-year increase.
In terms of financial performance, Townsquare Media has demonstrated resilience and adaptability. The latest quarterly reports showcase a strong cash flow growth driven by digital initiatives and well-managed operating income. These results underscore the company's commitment to innovation and excellence in delivering media and entertainment experiences.
Overall, Townsquare Media, Inc. stands as a vital player in the media and entertainment industry, continuously evolving to meet the changing demands of its audience while maintaining strong community connections and delivering significant value to its stakeholders.
Townsquare Media (NYSE: TSQ) has scheduled its fourth quarter 2024 financial results release for Monday, March 17, 2025, before market opening. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results.
Investors can join via dial-in numbers 1-800-717-1738 (U.S. & Canada) or 1-646-307-1865 (International) using conference ID 'Townsquare'. A live webcast and replay will be available on the company's investor relations website until March 24, 2025.
Townsquare operates as a community-focused digital media and marketing solutions company, featuring 345 local radio stations across 74 U.S. markets outside the top 50 markets. The company's portfolio includes Townsquare Interactive for digital marketing services, Townsquare Ignite for digital advertising, and over 400 local news and entertainment websites.
Townsquare Media (NYSE: TSQ) has announced key promotions and a management restructuring to address evolving industry opportunities. Cristina Cipolla has been promoted to the newly created position of Chief Data Officer (CDO), after serving as Senior Vice President of Data & Analytics since January 2022.
Matt Kiger has been elevated to Chief Revenue Officer, Local Media, overseeing digital media and broadcast radio platforms across 74 markets. Additionally, Kelly Quinn has been promoted to Chief Revenue Officer, Ignite, leading the company's programmatic digital advertising solutions division.
These strategic appointments aim to strengthen Townsquare's data-driven approach and revenue growth initiatives across its portfolio of 345 local terrestrial radio stations, 400+ local news and entertainment websites, and digital marketing services business.
Townsquare Media (NYSE: TSQ) has announced a strategic digital advertising partnership with Steel City Media, expanding its Media Partnerships division launched in 2024. The alliance will allow Steel City Media to utilize Townsquare Ignite's digital advertising and marketing solutions in Pittsburgh and Kansas City markets, which don't overlap with Townsquare's existing territories.
This partnership follows Townsquare's previous alliance with SummitMedia and aligns with the company's digital growth strategy, with digital now representing over 50% of Townsquare's total revenue and profit. Through this collaboration, Townsquare will share its proprietary programmatic advertising platform and data-driven insights to help Steel City Media enhance its digital capabilities and deliver better results for clients.
Townsquare Media (NYSE: TSQ) has announced preliminary estimated financial results for Q4 and full year 2024. The company expects full-year net revenue between $450-452 million and Q4 net revenue between $117-119 million, aligning with previous guidance. Full-year 2024 Adjusted EBITDA is anticipated at approximately $100 million, with Q4 Adjusted EBITDA around $31 million.
The company's digital divisions showed strong Q4 performance, with Digital Advertising experiencing growth exceeding 15% year-over-year. Total Q4 Digital revenue is expected to increase approximately 11% year-over-year, representing 52% of Townsquare's net revenue in 2024. The company has expanded its Media Partnerships division, adding new partnerships beyond the previously announced SummitMedia collaboration.
During Q4, Townsquare repurchased approximately $12 million of Senior Secured Notes ($36 million total in 2024), ending the year with $467 million of debt and $33 million cash on hand.
Townsquare Media (NYSE: TSQ) has announced its participation in two upcoming investor conferences in December 2024. At the BofA Securities Leveraged Finance Conference on December 3, CEO Bill Wilson, CFO Stuart Rosenstein, and EVP Claire Yenicay will present at 9:30 AM ET. The following day, December 4, Rosenstein and Yenicay will present at NobleCon20 at 10:30 AM ET. Both events will take place in Boca Raton, FL.
Both presentations will be webcast live and available on Townsquare's website. The company will offer one-on-one and group meetings with investors at both conferences. Townsquare operates as a community-focused digital media company with 349 local radio stations, digital marketing services through Townsquare Interactive, and digital advertising via Townsquare Ignite.
Townsquare Media (NYSE: TSQ) reported Q3 2024 financial results showing a return to growth, with net revenue increasing 0.2% year-over-year to $115.3 million. Digital revenue, representing 52% of total revenue, grew 1.1%. The company reported net income of $11.3 million, a $47.8 million improvement from last year's loss. Digital Advertising revenue increased 4.7%, while Subscription Digital Marketing Solutions decreased 5.8%. The company maintained its dividend yield of approximately 8% and repurchased $25 million of debt and $24 million of equity year-to-date. Q4 2024 guidance projects net revenue between $114.8-118.8 million and Adjusted EBITDA between $30.8-31.8 million.
Townsquare Media (NYSE: TSQ) has announced the release of its third quarter 2024 financial results on Thursday, November 7, 2024, before the market opens. The company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss the results. Investors can dial in at 1-800-717-1738 (U.S. & Canada) or 1-646-307-1865 (International) using the conference ID 'Townsquare'.
A live webcast and press release will be available on the company's investor relations page. A telephone replay will be accessible through November 14, 2024. Townsquare Media is a community-focused digital media and marketing solutions company with 349 local radio stations in 74 U.S. markets, a digital marketing services business serving approximately 23,575 SMBs, and a digital advertising division with over 400 local news and entertainment websites.
Townsquare Media, Inc. (NYSE: TSQ) has announced a strategic digital advertising partnership with SummitMedia, This alliance marks a significant expansion of Townsquare's Media Partnerships division, formed earlier this year. Townsquare's Ignite division will provide white-label digital advertising solutions to SummitMedia, focusing on customized, data-driven strategies for local, regional, and national businesses.
The partnership aims to drive significant digital growth for SummitMedia across its nine U.S. cities, which do not overlap with Townsquare's market footprint. Townsquare's success in digital advertising has contributed to its overall growth, with digital now comprising over 50% of the company's total revenue and profit. SummitMedia will launch a new digital solutions arm called Summit Interactive as part of this collaboration.
Townsquare Media (NYSE: TSQ) reported Q2 2024 financial results, showing sequential improvement despite year-over-year declines. Key highlights include:
- Net revenue decreased 2.5% YoY to $118.2 million
- Net loss of $48.9 million, primarily due to non-cash impairment charges
- Adjusted EBITDA decreased 8.3% YoY to $26.2 million
- Digital revenue represented 52% of total net revenue in 1H'24
- Repurchased $14 million of debt and $22 million of equity in 1H'24
The company saw stabilizing trends across segments, with Digital Advertising growing 1% YoY and Broadcast Advertising approximately flat. Townsquare Interactive showed positive subscriber trends. The company maintains a strong cash position of $29 million and continues to pay dividends.
Townsquare Media (NYSE: TSQ) will release its Q2 2024 financial results on August 7, 2024, before market open. A conference call to discuss these results is scheduled for 8:00 a.m. ET the same day. The call can be accessed via 1-800-343-5172 (U.S. & Canada) or 1-203-518-9856 (International), using the conference ID 'Townsquare.' A live webcast and a press release will be available on the investor relations page of Townsquare's website. A replay will be accessible through August 14, 2024, and a web-based archive will also be available.
Townsquare is a digital media and marketing solutions company with a focus on local radio stations outside the top 50 U.S. markets. The company operates Townsquare Interactive, which provides digital marketing services to SMBs, and Townsquare Ignite, a digital advertising division. Their assets include 349 local radio stations and over 400 local news and entertainment websites and mobile apps.
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