STOCK TITAN

TOWNSQUARE MEDIA, INC. - TSQ STOCK NEWS

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. (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.

Rhea-AI Summary
Townsquare Media, Inc. (NYSE: TSQ) will release its fourth quarter 2023 financial results on March 15, 2024. A conference call will follow to discuss the results. Investors can access the live webcast and press release on the company's website. A telephone replay and web-based archive will also be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Townsquare Media, Inc. (TSQ) will participate in upcoming investor conferences, including BofA Securities Leveraged Finance Conference and NobleCon19. The company's CFO and EVP, Investor Relations will present at these events, providing an opportunity for investors to meet with management. The presentations will be webcast live and available for 90 days following the events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
conferences
-
Rhea-AI Summary
Townsquare Media, Inc. (NYSE: TSQ) announced Q3 2023 financial results, with net revenue excluding political revenue declining -4% year-over-year. Digital now represents 52% of total net revenue and 57% of total Adjusted Operating Income. The company also reported a strong cash flow from operations, $39 million in the first nine months of 2023, and a strong cash balance of $38 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
Rhea-AI Summary
Townsquare Media, Inc. to release Q3 2023 financial results on November 9, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
-
Rhea-AI Summary
Townsquare Media, Inc. reported its financial results for Q2 2023. Net revenue decreased by 1% YoY to $121 million, while Adjusted EBITDA decreased by 12% YoY to $29 million. However, year-to-date Digital net revenue increased by 6% YoY, representing 52% of total net revenue, and total Digital Adjusted Operating Income increased by 11% YoY, representing 60% of total Adjusted Operating Income. The Digital Advertising segment drove growth with an 11% YoY increase in net revenue and a 30% YoY increase in Adjusted Operating Income. The company also generated $31 million in cash flow from operations in the first six months of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.7%
Tags
-
Rhea-AI Summary
Townsquare Media, Inc. (NYSE: TSQ) will release its second quarter 2023 financial results on August 9, 2023. The company will host a conference call to discuss the results at 8:00 a.m. Eastern Time. A live webcast and a telephone replay of the conference call will be available on the investor relations page of the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.64%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.19%
Tags
buyback
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.78%
Tags
conferences

FAQ

What is the current stock price of TOWNSQUARE MEDIA (TSQ)?

The current stock price of TOWNSQUARE MEDIA (TSQ) is $10.29 as of October 8, 2024.

What is the market cap of TOWNSQUARE MEDIA (TSQ)?

The market cap of TOWNSQUARE MEDIA (TSQ) is approximately 156.7M.

What does Townsquare Media, Inc. do?

Townsquare Media, Inc. is a media and entertainment company that operates radio stations, digital properties, and live events to connect communities with content, products, and experiences.

How many radio stations does Townsquare Media own?

Townsquare Media owns and operates 312 radio stations across 66 small and medium-sized markets in the United States.

What are the main segments of Townsquare Media?

The main segments are Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising.

What is seizethedeal.com?

Seizethedeal.com is Townsquare Media's e-commerce platform, offering deals and promotions for local businesses.

How does Townsquare Media generate most of its revenue?

The majority of its revenue comes from the Broadcast Advertising segment, which includes local, regional, and national advertising delivered via terrestrial radio broadcasts.

What are some of Townsquare Media's digital properties?

Some of its leading digital properties include tasteofcountry.com, loudwire.com, popcrush.com, and screencrush.com.

What recent financial achievement has Townsquare Media reported?

Townsquare Media recently reported generating $68 million in cash flow from operations, a 35% year-over-year increase.

What percentage of revenue does the digital segment represent?

The digital segment represents 53% of Townsquare Media's total net revenue.

What is the significance of Townsquare Media's live events?

Townsquare Media organizes approximately 500 annual live events, including major music festivals like Mountain Jam and Taste of Country Music Festival, which significantly contribute to community engagement and revenue.

Where is Townsquare Media headquartered?

Townsquare Media is headquartered in Purchase, New York.

TOWNSQUARE MEDIA, INC.

NYSE:TSQ

TSQ Rankings

TSQ Stock Data

156.65M
14.31M
10.19%
64.28%
2.09%
Advertising Agencies
Radio Broadcasting Stations
Link
United States of America
PURCHASE