TOWNSQUARE MEDIA, INC. - TSQ STOCK NEWS

Townsquare Media will participate in the Sidoti Virtual Investor Conference on August 18 and 19, 2021. CEO Bill Wilson and CFO Stuart Rosenstein are scheduled to present on August 19 at 10:00 a.m. ET. Investors can view the live webcast on Townsquare's investor relations page and Sidoti's portal. Additionally, management will hold one-on-one meetings with investors on both days. Townsquare Media focuses on digital media and marketing solutions outside the top 50 U.S. markets, operating 322 radio stations and various digital brands.

Townsquare Media reported strong Q2 2021 results, with net revenue up 45% to $107.3 million, achieving 99.4% of pre-pandemic levels when excluding Live Events revenue. Adjusted EBITDA reached a record $30.3 million, exceeding expectations and pre-pandemic figures. Digital revenue grew 36%, representing 47% of total revenue for the first half of 2021. Net income increased to $10.1 million, a turnaround from a loss the prior year. The company anticipates continued double-digit growth in digital revenue, with projected revenue rising from $180 million to $250 million over the next three years.

Townsquare Media (NYSE: TSQ) has participated in the Noble Capital Markets C-Suite Interview Series, where CEO Bill Wilson discussed the company's Digital First strategy and plans to boost digital revenue to $250 million within three years. The company will release its second quarter 2021 financial results on August 3, 2021, and host a conference call at 8:00 a.m. ET the same day. The call will be accessible via phone and webcast, with replay options available until August 10, 2021.

Townsquare Media reported its Q1 2021 financial results, showing a 5% decline in net revenue year over year, attributed largely to a 99.7% decrease in Live Events revenue. However, digital revenue grew 13% year over year, fueled by its digital marketing platforms, representing 49% of total revenue. Adjusted EBITDA increased 29.7% to $20.1 million, exceeding pre-COVID levels from Q1 2019. The net loss decreased significantly from $59.6 million to $6.1 million. The company expects digital revenue to reach $250 million within three years.

Townsquare Media, Inc. (NYSE: TSQ) will release its first quarter 2021 financial results on May 10, 2021, before market open. A conference call is scheduled for 8:00 a.m. Eastern Time on the same day to discuss the results. Investors can dial in at 1-877-407-0784 (U.S.) or 1-201-689-8560 (International) with confirmation code 13719031. Additionally, Townsquare will participate in the Barrington Research Virtual Spring Investment Conference on May 27, 2021, for one-on-one meetings with investors.

Townsquare Media, Inc. (NYSE: TSQ) appointed Allison Zolot as Senior Vice President and General Counsel effective April 5, 2021. Previously a Senior Associate at Mayer Brown, she has experience in high-profile litigation and regulatory matters. CEO Bill Wilson expresses enthusiasm for her leadership skills, emphasizing their goal to enhance long-term growth and shareholder value through the 'Local First' strategy. Townsquare Media focuses on community-driven digital media and marketing solutions, operating 322 radio stations across 67 cities.

Townsquare Media (NYSE: TSQ) reported its Q4 and full-year financial results for 2020, revealing a net revenue decline of 3% in Q4 and 13.9% for the year. Adjusted EBITDA increased by 8% to $27 million in Q4, while digital revenues grew by 6% year-over-year, comprising 44% of total net revenue. The company successfully refinanced $550 million in debt and repurchased shares from Oaktree Capital at $6.40 per share, a move expected to enhance cash flow per share. Despite challenges, Townsquare remains optimistic about its "Local First" strategy and future growth.

Townsquare Media, Inc. (TSQ) announced the repurchase of Oaktree Capital Management's 12.6 million shares and warrants at $6.40 per security, totaling $80.4 million. This transaction represents a 39% discount to the closing price on March 9, 2021, and is projected to be accretive to earnings per share and free cash flow per share by over 70%. Following the buyback, approximately 16 million securities remain outstanding. The company will also pay Oaktree a $4.5 million consent fee, enhancing shareholder value by eliminating ownership overhang.

Townsquare Media (NYSE: TSQ) announced that CEO Bill Wilson and CFO Stuart Rosenstein will attend two investor conferences. The conferences include the Guggenheim Virtual Broadcasting Symposium on March 4, 2021, and the Deutsche Bank Virtual Media, Internet & Telecom Conference on March 8, 2021. Management will also be available for one-on-one and small group meetings with investors. Townsquare focuses on digital media and marketing solutions outside the top 50 U.S. markets, operating 322 local radio stations and various digital brands to support approximately 22,750 small and medium businesses.