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.
Townsquare Media reported strong Q2 2022 results, with net revenue growth of 13.6% year-over-year, reaching $14.6 million. Adjusted EBITDA increased 6.8% to $32.4 million. Digital revenue rose 21%, driven by a 25.4% increase in Digital Advertising revenue. The company reduced net leverage to 4.65x and raised its FY 2022 guidance to $465 million - $480 million. Notably, net income fell by $5.2 million, totaling $4.9 million. The acquisition of Cherry Creek Broadcasting for $18.4 million bolstered their market position.
Townsquare Media, Inc. (TSQ) announced it will release its second quarter 2022 financial results on August 2, 2022, before the market opens. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time to discuss these results. Investors can join the call by dialing 1-877-407-0784 (U.S.) or 1-201-689-8560 (International), using confirmation code 13731436. A replay will be available until August 9, 2022. Townsquare specializes in digital media and marketing solutions with a focus on local radio stations.
Townsquare Media, Inc. (NYSE: TSQ) announced that CEO Bill Wilson and EVP of Investor Relations Claire Yenicay will present at the Gabelli Funds 14th Annual Entertainment & Broadcasting Symposium on June 2, 2022, at 9:30 a.m. ET. The event will be held at the Harvard Club in New York City. A live webcast and replay of the presentation will be available on Townsquare's investor relations page and the Gabelli Funds presentation portal. Townsquare Media is known for its community-focused digital media and marketing solutions, including over 330 local websites and 321 radio stations across the U.S.
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.
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