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. (NYSE: TSQ) is a community-focused digital and broadcast media and digital marketing solutions company that reports and comments extensively on its financial performance and strategic initiatives. This news page aggregates coverage of TSQ, reflecting its activities as a Digital First Local Media Company focused on markets outside the top 50 in the United States.
Investors following Townsquare’s news can expect regular updates tied to quarterly and annual earnings releases, often accompanied by conference call announcements and detailed segment reporting for Digital Advertising, Subscription Digital Marketing Solutions, and Broadcast Advertising. The company frequently issues press releases discussing net revenue trends, Adjusted EBITDA, segment profit, and capital structure developments such as credit agreements, term loan facilities, and debt redemptions.
News about Townsquare also includes information on dividends approved by its Board of Directors, as well as commentary from management on the performance of Townsquare Ignite and Townsquare Interactive. The company highlights the role of digital revenue and profit within its overall results, and its communications often emphasize digital as its growth engine.
In addition, readers may see announcements about investor conference participation, including virtual and in-person conferences where Townsquare’s management presents and holds one-on-one or small group meetings with investors. The company also issues releases on strategic developments, such as digital advertising partnerships through its Media Partnerships division.
By monitoring this TSQ news feed, users can review a continuous record of Townsquare’s publicly released information, including financial updates, strategic commentary, and corporate events that shape the company’s profile in the Information and Radio Networks space.
Townsquare Media (NYSE: TSQ) reported improved Q4 2024 performance with net revenue growth of +2.6% year-over-year and Adjusted EBITDA growth of +25.8%. The company's digital segment showed strong results with Digital Advertising revenue up +15.5% and total Digital revenue increasing +10.8%, representing 52% of total net revenue.
Key financial highlights include: net income of $25.0 million in Q4 (up $26.9 million YoY), $49 million cash flow from operations in 2024, and repurchase of $36 million in Senior Secured Notes and $24 million in common stock. The company maintained a strong cash position of $33 million with net leverage of 4.33x.
The Board approved a quarterly dividend increase to $0.20 per share (+1.3%), payable May 1, 2025. For 2025 guidance, Q1 net revenue is expected between $98-100 million with Adjusted EBITDA of $17-18 million, while full-year projections show net revenue of $435-455 million and Adjusted EBITDA of $90-98 million.
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.
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