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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. (TSQ) reported strong Q1 2022 results with net revenue increasing by 12.9% year-over-year to $99.8 million. Digital revenue grew 16%, comprising 51% of total revenue, driven by digital advertising and marketing solutions. Adjusted EBITDA reached $22.1 million, up 9.8%, with net income of $2.7 million, a significant recovery from a $6.1 million net loss last year. The company reaffirms its 2022 revenue guidance of $460-475 million and aims to reduce net leverage to 4.0x by year-end.
Townsquare Media, Inc. (NYSE: TSQ) announced participation in two investor conferences: Sidoti Virtual Investor Conference on May 11-12, 2022, with a presentation scheduled at 3:15 PM ET on May 11, and Barrington Research Virtual Spring Investment Conference on May 19, 2022. Management will engage in one-on-one meetings with investors. Live webcasts will be available on the company's investor relations page. Townsquare focuses on digital media and marketing solutions, operating over 321 radio stations and providing services to approximately 26,800 SMBs.
Townsquare Media, Inc. (NYSE: TSQ) has announced the release date for its first quarter 2022 financial results, scheduled for May 10, 2022, before market opening. A conference call will take place on the same day at 8:00 a.m. ET to discuss these results. The call can be accessed via dial-in or through a live webcast on their investor relations page. Furthermore, CEO Bill Wilson will present at NobleCon18 on April 20, 2022, at 10:30 a.m. ET, with a video archive available afterwards. Townsquare specializes in digital media and marketing solutions.
Townsquare Media has announced plans to acquire Cherry Creek Broadcasting LLC for $18.75 million, enhancing its local media presence in markets outside the Top 50 in the U.S. This acquisition will increase Townsquare's portfolio to 356 radio stations across 74 markets. The deal includes 35 radio stations across nine markets and will close in Q3 2022 pending regulatory approval. Townsquare aims to strengthen its Digital First strategy and improve its relationships with local communities while maintaining a 4x net leverage goal by year-end.
Townsquare Media (NYSE: TSQ) reported strong financial results for Q4 and the full year 2021, surpassing expectations. Net revenue rose 12.6% to $418 million, with digital revenue contributing significantly, increasing 19% to $198.6 million. Adjusted EBITDA saw a remarkable 69% growth, reaching an all-time high of $105.1 million. The company expects continued digital revenue growth, targeting $275 million by 2024. However, net income for Q4 decreased 57.6% to $1.9 million. Townsquare aims to solidify its position as a leader in local media outside the top 50 U.S. markets.
Townsquare Media (NYSE: TSQ) announced the release date for its fourth quarter and full year 2021 financial results on March 10, 2022, before market open. A conference call will follow at 8:00 a.m. ET for further discussion. Investors can join the call via dial-in numbers or access a live webcast on the Company's website. Additionally, on March 9, 2022, executives will participate in the Guggenheim Broadcasting Symposium for investor meetings.
Townsquare Media (NYSE: TSQ) announced participation in the Sidoti Virtual Investor Conference, scheduled for January 19-20, 2022. CEO Bill Wilson and CFO Stuart Rosenstein will present at approximately 12:15 p.m. ET on January 19. The event will include opportunities for one-on-one and small group meetings with investors. A live webcast of the presentation will be accessible on Townsquare's website and Sidoti's portal. Interested investors can reach out via conference@sidoti.com.
Townsquare Media, Inc. (TSQ) reported Q3 2021 results showing significant growth in net revenue, Adjusted EBITDA, and net income. Net revenue increased 16.7% year-over-year to $111.3 million, while Adjusted EBITDA rose 66.5% to $29.2 million. Digital revenue accounted for about 47% of total net revenue, growing 20.2% year-over-year. Year-to-date, net revenue grew 16.9% to $307.4 million. Townsquare is projecting full-year net revenue of at least $415 million and Adjusted EBITDA of $104-$105 million, indicating strong recovery and performance compared to 2019 levels.
Townsquare Media, Inc. (NYSE: TSQ) has announced that it will release its third quarter 2021 financial results on November 2, 2021, before the market opens. A conference call will take place on the same day at 8:00 a.m. Eastern Time to discuss these results. Investors can participate via phone or listen to a live webcast available on Townsquare's investor relations website. A replay of the call will be accessible until November 9, 2021. Townsquare focuses on community-based media, digital marketing solutions, and operates 322 radio stations across the U.S.
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