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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, Inc. (NYSE: TSQ) announced participation in the Channelchek Takeaway Series following the 2023 NAB Show, scheduled for April 27, 2023 at 10:00 AM EDT. The event will feature CEO Bill Wilson providing a corporate overview and a discussion with Noble Capital Markets' Senior Media & Entertainment Analyst, Michael Kupinski. This virtual event is complimentary for investors, with registration available through Channelchek. A replay will be accessible on Channelchek and Townsquare's investor relations page. Townsquare operates over 400 local news and entertainment websites, a subscription-based digital marketing service for 30,650 small and medium-sized businesses, and 357 local radio stations mainly outside the top 50 U.S. markets.
Townsquare Media, Inc. (NYSE: TSQ) announced it will release its first quarter 2023 financial results on May 10, 2023, before market opening. A conference call will take place on the same day at 8:00 a.m. Eastern Time to discuss the financial results. Interested parties can join the call by dialing 1-888-886-7786 (U.S. & Canada) or 1-416-764-8658 (International) with confirmation code 63395425. The event will also be accessible via a live webcast on the Townsquare Media website. A replay will be available until May 17, 2023. This call represents a key opportunity for investors to gain insights into the company's performance and future outlook.
Townsquare Media, Inc. (TSQ) reported strong financial results for 2022, with net revenue increasing by 10.8% to $463.1 million and adjusted EBITDA rising by 8.2% to $113.7 million. Digital revenue grew by 16% year-over-year, making up 50% of total revenue. The company achieved a net leverage ratio of 4.29x, the lowest in its history, alongside a quarterly dividend of $0.1875 per share, effective May 1, 2023. Despite a decrease in net income of 23.4% to $14.4 million due to non-cash impairment charges, Townsquare remains optimistic about its digital-first strategy, projecting revenue to reach at least $275 million by 2024.
Townsquare Media, Inc. (NYSE: TSQ) will release its fourth quarter 2022 financial results on March 9, 2023, before market open. A conference call to discuss these results is scheduled for the same day at 8:00 a.m. Eastern Time. Interested parties can dial in at 1-877-407-0784 (U.S.) or 1-201-689-8560 (International) using the confirmation code 13736640. A live webcast will be available on Townsquare's investor relations page. A telephone replay will be accessible through March 16, 2023.
The company focuses on community digital media and marketing, with services including website design and local radio stations.
Townsquare Media, Inc. reported strong Q3 2022 financial results, showcasing an 8.4% increase in net revenue year-over-year, reaching $120.6 million. Digital revenue grew significantly, with total digital net revenue rising 17% YOY, accounting for nearly 50% of total revenue. Adjusted EBITDA increased 6% to $30.9 million. Net income decreased by $10.1 million to $2.8 million due to impairment charges. The company achieved a record low net leverage of 4.54x. For Q4, net revenue is projected between $116 million and $122 million, indicating continued growth.
Townsquare Media, Inc. (TSQ) announced its plans to release third quarter 2022 financial results on November 9, 2022, before the market opens. A conference call will take place the same day at 8:00 a.m. Eastern Time to discuss the results. Interested parties can join the call using a U.S. or international dial-in number, with replay options available until November 16, 2022. Townsquare Media focuses on community-driven digital media and marketing solutions, operating local radio stations and offering various digital services for small and medium businesses.
Townsquare Media reported strong Q2 2022 results, with net revenue growth of 13.6% year-over-year, reaching $14.6 million. Adjusted EBITDA increased 6.8% to $32.4 million. Digital revenue rose 21%, driven by a 25.4% increase in Digital Advertising revenue. The company reduced net leverage to 4.65x and raised its FY 2022 guidance to $465 million - $480 million. Notably, net income fell by $5.2 million, totaling $4.9 million. The acquisition of Cherry Creek Broadcasting for $18.4 million bolstered their market position.
Townsquare Media, Inc. (TSQ) announced it will release its second quarter 2022 financial results on August 2, 2022, before the market opens. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time to discuss these results. Investors can join the call by dialing 1-877-407-0784 (U.S.) or 1-201-689-8560 (International), using confirmation code 13731436. A replay will be available until August 9, 2022. Townsquare specializes in digital media and marketing solutions with a focus on local radio stations.
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