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. reports developments tied to its local advertising and marketing platform, which combines terrestrial radio, owned digital media brands, digital advertising, and subscription digital marketing solutions in U.S. markets outside the largest metropolitan areas. Company updates commonly discuss segment performance across Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising, including the mix between digital growth and traditional radio advertising.
Recurring news also covers Townsquare Ignite, media-partnership arrangements that extend the company’s digital advertising platform to other local media operators, quarterly earnings calls, guidance, cash dividends, debt reduction, and capital-allocation commentary tied to cash flow generation.
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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.