TOWNSQUARE MEDIA, INC. - TSQ STOCK NEWS

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.

Townsquare Media announced its participation in Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on June 26, 2024. The event will feature a presentation and a fireside Q&A session at 11:00 AM Eastern Time. CEO Bill Wilson, CFO Stuart Rosenstein, and EVP Claire Yenicay will be available for 1x1 meetings with registered investors.

The live presentation can be accessed through a provided registration link, and a video webcast will be available post-event on Townsquare's investor relations page and on Channelchek.com. This webcast will remain accessible for 90 days.

Townsquare is a digital media and marketing solutions company with a focus on U.S. markets outside the top 50. Their assets include Townsquare Interactive, Townsquare Ignite, and 349 local terrestrial radio stations. Noble Capital Markets, the event host, is a research-driven investment bank supporting small and microcap companies, offering free institutional-quality research through Channelchek.com.

Townsquare Media, Inc. (NYSE: TSQ) announced Q1 2024 financial results, with a -3.4% revenue decrease but positive digital growth. The company saw improvements in all business segments, including Townsquare Interactive. Digital represented 53% of revenue, with strong cash generation and shareholder value focus.

Townsquare Media, Inc. (TSQ) announced the purchase and retirement of 3.0 million options held by management and board members at a net price of $3.62 per option. This move eliminates potential shareholder dilution and aligns management's interests with investors. The company's strong cash generation, with $68 million in cash flow from operations in 2023, allows for strategic investments and stock repurchases below perceived value.

Townsquare Media, Inc. (NYSE: TSQ) will release its first quarter 2024 financial results on May 9, 2024, followed by a conference call to discuss the results. Investors can access the call through various channels.