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 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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Townsquare Media (NYSE: TSQ) announced participation in the Sidoti Virtual Investor Conference, scheduled for January 19-20, 2022. CEO Bill Wilson and CFO Stuart Rosenstein will present at approximately 12:15 p.m. ET on January 19. The event will include opportunities for one-on-one and small group meetings with investors. A live webcast of the presentation will be accessible on Townsquare's website and Sidoti's portal. Interested investors can reach out via conference@sidoti.com.
Townsquare Media, Inc. (TSQ) reported Q3 2021 results showing significant growth in net revenue, Adjusted EBITDA, and net income. Net revenue increased 16.7% year-over-year to $111.3 million, while Adjusted EBITDA rose 66.5% to $29.2 million. Digital revenue accounted for about 47% of total net revenue, growing 20.2% year-over-year. Year-to-date, net revenue grew 16.9% to $307.4 million. Townsquare is projecting full-year net revenue of at least $415 million and Adjusted EBITDA of $104-$105 million, indicating strong recovery and performance compared to 2019 levels.
Townsquare Media, Inc. (NYSE: TSQ) has announced that it will release its third quarter 2021 financial results on November 2, 2021, before the market opens. A conference call will take place on the same day at 8:00 a.m. Eastern Time to discuss these results. Investors can participate via phone or listen to a live webcast available on Townsquare's investor relations website. A replay of the call will be accessible until November 9, 2021. Townsquare focuses on community-based media, digital marketing solutions, and operates 322 radio stations across the U.S.
Townsquare Media (NYSE: TSQ) announced its participation in multiple upcoming investor events, including Noble Capital Markets' Virtual Road Show on September 14, 2021, Sidoti Virtual Investor Conference on September 22-23, 2021, and Guggenheim Virtual Broadcast Conference on September 29, 2021. CEOs Bill Wilson and Stuart Rosenstein will present and engage in Q&A sessions during these events. Investors can register for free to attend these presentations and one-on-one meetings via the company's investor relations page.
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.