Townsquare Media

Townsquare Media, Inc. is a community-focused digital media, digital marketing solutions and radio company. It owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States. The firm creates and distributes original entertainment, music and lifestyle content. It operates through the following business segments: Advertising, Townsquare Interactive, and Live Events. The Advertising segment includes broadcast and digital advertising products and solutions. The Townsquare Interactive segment is involved in the results of its digital marketing solutions business. The Live Events segment is comprised of concerts, expositions and other experiential events. The company was founded by Alexander Berkett, Steven Price, Scott Schatz and Stuart B. Rosenstein in 1994 and is headquartered in Purchase, NY.

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Townsquare Media reports record revenue and digital growth in Q4

Townsquare Media's Q4 2022 performance reflects a successful year with record-high revenue and a strong digital focus, positioning the company for future growth.
Despite challenges in smaller business segments and return-to-work issues, Townsquare remains optimistic about its digital-first strategy and growth prospects.
Investments in digital growth, a strong balance sheet, and an aggressive dividend increase demonstrate Townsquare's commitment to shareholder value and long-term success.

Townsquare Media beats Q1 guidance with digital revenue growth

Townsquare Media's Q1 performance showcased strong digital revenue growth but faced challenges in the broadcast advertising segment and Townsquare Interactive.
Despite short-term hurdles, Townsquare Interactive remains optimistic about future growth and is investing in expansion and digital optimization.
With a focus on digital-first strategies and reaffirmed revenue expectations for the year, Townsquare is poised for continued growth and profitability.

Townsquare Media (TSQ) reports strong Q2 performance and digital growth

Townsquare Media (TSQ) delivered a solid Q2 performance despite challenges, maintaining confidence in its digital-first strategy. The company's focus on digital advertising growth and cash flow generation positions it well for long-term success. Management's reaffirmation of full-year guidance and strategic initiatives underscore a positive outlook.

Townsquare Media meets Q3 guidance, eyes growth in 2024

Townsquare Media's Q3 performance was resilient amidst industry challenges, with a focus on digital growth and customer satisfaction. Despite declines in certain segments, opportunities for growth in 2024 are promising, especially in Digital Advertising and Broadcast.

Townsquare Media reports resilient 2023 performance and optimistic outlook

Townsquare Media's 2023 performance showcased resilience and growth despite challenges, with a focus on digital expansion and balance sheet strength. The company anticipates improvements in revenue, profit, and subscriber growth in 2024, driven by new solutions and a rebound in all divisions.

Townsquare Media meets Q1 targets, eyes digital growth opportunities

Townsquare Media's Q1 performance was solid, with a focus on digital expansion and cash flow management. The company's strategic initiatives aim to enhance revenue streams and drive sustainable growth through digital and traditional media channels.

Townsquare Media reports resilient Q2 performance amidst digital growth

Townsquare Media's Q2 performance showed resilience with a focus on digital advertising and stable broadcast operations.
The company's strengths lie in its digital-first approach, in-house tech platforms, and plans for white labeling digital solutions.
Challenges include managing a slightly declining broadcast business and addressing weaknesses in national digital advertising.
Opportunities for growth include continued investment in digital, serving local communities with unique solutions, and exploring new partnerships.

Townsquare Media meets Q3 expectations, eyes digital growth opportunities

Townsquare Media's Q3 performance was solid, driven by digital revenue growth and strategic initiatives.
While facing challenges in national broadcast advertising, the company remains focused on growth.
Opportunities lie in the digital advertising space and the upcoming SummitMedia partnership.
Overall, Townsquare Media is on track with its financial goals and strategic direction.

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Townsquare Media, Inc. is a community-focused digital media, digital marketing solutions and radio company, which engages in owning and operating radio stations, digital and social properties and live events in small and mid-sized markets across the United States. It operates through the following business segments: Subscription Digital Marketing Solutions, Digital Advertising, Broadcast Advertising, Other, and Corporate. The company was founded by Alexander Berkett, Steven Price, Scott Schatz and Stuart B. Rosenstein in 1994 and is headquartered in Purchase, NY.

Townsquare Media, Inc. (NYSE:TSQ ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Claire Yenicay - Executive Vice President, Investor Relations and Corporate Communications Bill Wilson - Chief Executive Officer Stuart Rosenstein - Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Capital Markets, Inc. Patrick Sholl - Barrington Research Associates, Inc. Operator Good morning, and welcome to Townsquare Media's Third Quarter 2024 Conference Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording.

Townsquare Media, Inc. (TSQ) Q3 2024 Earnings Call Transcript

Townsquare Media (TSQ) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago.

Townsquare Media (TSQ) Matches Q3 Earnings Estimates

Digital Represents 52% of September YTD Total Net Revenue Ignite's Digital Advertising Revenue Growth Accelerates in Q3 Repurchased $25 Million of Debt ($36M through October) and $24 Million of Equity in September YTD Period

Townsquare Returns to Total and Digital Revenue Growth in the Third Quarter

PURCHASE, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare” or the “Company”) announced today that it will release third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. The Company will host a conference call to discuss certain third quarter 2024 financial results on Thursday, November 7, 2024 at 10:00 a.m. Eastern Time.

Townsquare Announces Conference Call to Discuss Third Quarter 2024 Results

Partnership With Its Ignite Division Is Expected to Drive Significant Digital Growth Partnership With Its Ignite Division Is Expected to Drive Significant Digital Growth

Townsquare Forms Strategic Alliance With SummitMedia

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Townsquare Media offers a high dividend yield of 7.32% and trades at a discount to its underlying value. While considered to be a radio stock, Townsquare's main business is digital advertising and media, not terrestrial radio. It may take time, but whether through strategic alternatives or through a continuation of return-of-capital efforts, TSQ could ultimately bridge the valuation gap.

Townsquare Media: Buy TSQ Stock For The Yield, Hold It For The Value

Townsquare Media, Inc (NYSE:TSQ ) Q2 2024 Results Conference Call August 7, 2024 8:00 AM ET Company Participants Claire Yenicay - EVP of Investor Relations & Corporate Communications Bill Wilson - Chief Executive Officer & Director Stuart Rosenstein - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Capital Markets Jim Goss - Barrington Research Operator Good morning, and welcome to Townsquare Media's Second Quarter 2024 Earnings Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording.

Townsquare Media, Inc (TSQ) Q2 2024 Earnings Call Transcript

Townsquare Media (TSQ) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.18 per share a year ago.

Townsquare Media (TSQ) Lags Q2 Earnings Estimates

Digital Represents 52% of 1H'24 Total Net Revenue Repurchased $14 Million of Debt and $22 Million of Equity in 1H'24

Townsquare Drives Sequential Improvement in Second Quarter

PURCHASE, N.Y., July 11, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare” or the “Company”) announced today that it will release second quarter 2024 financial results before the market opens on Wednesday, August 7, 2024. The Company will host a conference call to discuss certain second quarter 2024 financial results on Wednesday, August 7, 2024 at 8:00 a.m. Eastern Time.

Townsquare Announces Conference Call to Discuss Second Quarter 2024 Results

PURCHASE, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare,” or the “Company”) announced today their participation at Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on Wednesday, June 26th. The presentation will be held at 11:00 AM Eastern Time and will feature a fireside style Q&A session with questions welcome from the live virtual audience. Scheduled 1x1 meetings with Bill Wilson, Chief Executive Officer, Stuart Rosenstein, Chief Financial Officer, and Claire Yenicay, Executive Vice President, Investor Relations are also available for registered, qualified investor attendees.

Townsquare Announces Participation in Upcoming Investor Conference

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Townsquare Media, Inc. (NYSE:TSQ ) Q1 2024 Results Conference Call May 9, 2024 8:00 AM ET Company Participants Claire Yenicay - EVP of Investor Relations & Corporate Communications Bill Wilson - Chief Executive Officer & Director Stuart Rosenstein - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Capital Markets Jim Goss - Barrington Research Operator Good morning, and welcome to Townsquare Media's First Quarter 2024 Conference Call. [Operator Instructions].

Townsquare Media, Inc. (TSQ) Q1 2024 Earnings Call Transcript

Townsquare Media (TSQ) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.08 per share a year ago.

Townsquare Media (TSQ) Misses Q1 Earnings Estimates

Digital Represents 53% of First Quarter Total Net Revenue and Adjusted Operating Income Digital Represents 53% of First Quarter Total Net Revenue and Adjusted Operating Income

Townsquare Announces First Quarter Results That Demonstrate Improvement Across All Business Segments; Townsquare Interactive Returns to Subscriber Growth and Month-Over-Month Revenue Growth in March and April

PURCHASE, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (the “Company” or “Townsquare”) announced that that it bought and retired 3.0 million options held by certain members of the management team and board of directors for a net purchase price of $3.62 per option. The purchase price reflects the spread between the closing price on April 3, 2024 of $12.36 and the option strike price of $8.74. The options, all of which were set to expire in July 2024, were granted to members of management and the board at the Company's initial public offering in July 2014 (the “IPO options”). This transaction follows last week's repurchase of 1.5 million shares from MSG at $9.76 per share, the June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and the March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share. Like last week's 1.5 million share repurchase from MSG, the purchase price of $10.8 million will be funded entirely with cash on hand.

Townsquare Announces Purchase of Management Options That Were Expiring Shortly, Thereby Avoiding Shareholder Dilution

PURCHASE, N.Y., April 03, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare” or the “Company”) announced today that it will release first quarter 2024 financial results before the market opens on Thursday, May 9, 2024. The Company will host a conference call to discuss certain first quarter 2024 financial results on Thursday, May 9, 2024 at 8:00 a.m. Eastern Time.

Townsquare Announces Conference Call to Discuss First Quarter 2024 Results

PURCHASE, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (the “Company” or “Townsquare”) announced that today we are repurchasing and retiring 1.5 million shares of Class A common stock held by MSG National Properties, LLC (“MSG”), for $9.76 per share. The purchase price reflects an 11% discount from the closing price of the Class A common stock on March 28, 2024. This transaction follows Townsquare's June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share. The purchase price of $14.6 million was funded entirely with cash on hand. In 2023, Townsquare's Cash Flow from Operations increased 35% year-over-year to $68 million, or approximately $4.07 per basic share based on shares outstanding as of March 28, 2024. Pro forma for this transaction, Cash Flow from Operations per basic share increased to approximately $4.47, representing accretion of approximately 10%. Following the transaction, the Company has 15.2 million shares outstanding.

Townsquare Announces Repurchase of Just Under 10% of Outstanding Shares Reaffirms Q1'24 and FY'24 Guidance

Townsquare Media, Inc. (TSQ) Q4 2023 Earnings Call Transcript

Townsquare Media (TSQ) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.66 per share a year ago.

Townsquare Media (TSQ) Q4 Earnings and Revenues Top Estimates

Digital Growth and Strong Profit Margins Across Segments Contribute to Strong Cash Flow Growth: Generated $68 Million of Cash Flow from Operations, +35% Year-over-Year Digital Growth and Strong Profit Margins Across Segments Contribute to Strong Cash Flow Growth: Generated $68 Million of Cash Flow from Operations, +35% Year-over-Year

Townsquare Announces Fourth Quarter and Full Year 2023 Results Announces Increase in Dividend

PURCHASE, N.Y. , Feb. 21, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare” or the “Company”) announced today that it will release fourth quarter 2023 financial results before the market opens on Friday, March 15, 2024. The Company will host a conference call to discuss certain fourth quarter 2023 financial results on Friday, March 15, 2024 at 8:00 a.m. Eastern Time.

Townsquare Announces Conference Call to Discuss Fourth Quarter 2023 Results

PURCHASE, N.Y., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare,” or the “Company”) announced today that Stuart Rosenstein, Chief Financial Officer, and Claire Yenicay, Executive Vice President, Investor Relations, will participate in upcoming investor conferences.

Townsquare To Participate In Upcoming Investor Conferences

September YTD Net Revenue Excluding Political Flat Year-Over-Year Digital Represents 52% of September YTD 2023 Total Net Revenue and 57% of September YTD 2023 Total Adjusted Operating Income

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