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, Inc. (NYSE: TSQ) will report its third quarter 2020 financial results before the market opens on November 9, 2020. A conference call will be held on the same day at 8:00 a.m. Eastern Time to discuss the results. Interested parties can join the call by dialing 1-877-407-0784 (U.S.) or 1-201-689-8560 (International) with confirmation code 13712016. A replay will be available until November 16, 2020. The live webcast and press release will be accessible on their investor relations page.
Townsquare Media (NYSE: TSQ) announced participation in two upcoming investor conferences. Bill Wilson, CEO, and Stuart Rosenstein, CFO, will represent the company.
The conferences are: Deutsche Bank Virtual Annual Leveraged Finance Conference on October 7, 2020, and Guggenheim Virtual Broadcasting Symposium on October 8, 2020. Management will also engage in one-on-one and small group meetings with investors.
Townsquare Media operates 321 radio stations and over 330 local websites, focusing on local advertising and marketing solutions.
Townsquare Media (TSQ) reported a challenging second quarter ending June 30, 2020, with net revenue falling 34.5% year-over-year to $74.1 million. Adjusted EBITDA decreased 93.1% to $2.1 million. Advertising revenue dropped 37.5% while Live Events revenue decreased 99.5%. Despite these declines, digital revenue comprised over 48% of total revenue, bolstered by Townsquare Interactive, which saw a 10.5% increase in revenue. The company enacted significant cost savings, repaid debt, and ended the quarter with $70 million in cash.
Townsquare Media, Inc. (NYSE: TSQ) will release its second quarter 2020 financial results on August 10, 2020, before the market opens. A conference call to discuss these results will also be held on the same day at 8:00 a.m. Eastern Time. Investors can participate by calling 1-877-407-0784 (U.S. & Canada) or 1-201-689-8560 (International) with the confirmation code 13707180. Additionally, a live webcast and replay will be available on the company's investor relations website.