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 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.

PURCHASE, N.Y., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare” or the “Company”) announced today that it will release third quarter 2023 financial results before the market opens on Thursday, November 9, 2023.

Townsquare Announces Conference Call to Discuss Third Quarter 2023 Results

Townsquare Media has transformed from solely a broadcast radio business to more of an all-encompassing media enterprise. The company has seen over 70% growth in annual revenue over the past decade, while competitors iHeartMedia and Cumulus Media have experienced declines. Townsquare has successfully grown its digital ad revenue by 12.7% year over year and has a larger proportion of revenue coming from digital sources.

Townsquare Media: A Transformation Story

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Investors looking for stocks in the Broadcast Radio and Television sector might want to consider either Townsquare Media (TSQ) or Netflix (NFLX). But which of these two stocks is more attractive to value investors?

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Q2 Digital Advertising Net Revenue Increased 11% YOY Digital Represents 52% of 1H 2023 Total Net Revenue and 60% of 1H 2023 Total Adjusted Operating Income

Townsquare Announces Second Quarter Results That Demonstrate Ongoing Digital Advertising Strength

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Components such as valuation, growth, and rising earnings estimates help reconfirm it's time to buy these top-rated stocks for their affordable prices and investment potential.

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If you are looking for stocks that are well positioned to maintain their recent uptrend, Townsquare (TSQ) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

What Makes Townsquare (TSQ) a Good Fit for 'Trend Investing'

PURCHASE, N.Y., July 20, 2023 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare” or the “Company”) announced today that it will release second quarter 2023 financial results before the market opens on Wednesday, August 9, 2023. The Company will host a conference call to discuss certain second quarter 2023 financial results on Wednesday, August 9, 2023, at 8:00 a.m. Eastern Time.

Townsquare Announces Conference Call to Discuss Second Quarter 2023 Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Townsquare Media (TSQ) Stock?

PURCHASE, N.Y. , June 20, 2023 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) (the "Company" or "Townsquare") announced that it is set to join the broad-market Russell 3000® Index and the Small-Cap Russell 2000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2023, according to a preliminary membership list.

TOWNSQUARE SET TO JOIN RUSSELL 3000® AND RUSSELL 2000® INDEX

Townsquare (TSQ) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Townsquare (TSQ): Can Its 5.2% Jump Turn into More Strength?

PURCHASE, N.Y. , June 16, 2023 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) (the "Company" or "Townsquare") announced that it has repurchased, and subsequently retired, 1.5 million shares of Class C common stock held by MSG National Properties, LLC ("MSG"), for $9.70 per share.

TOWNSQUARE ANNOUNCES SIGNIFICANT SHARE REPURCHASE

Townsquare Media's digital-first strategy has led to growth in revenues and EBITDA, despite a difficult ad market. TSQ sold off its cryptocurrency holdings and repurchased bonds below par, simplifying its balance sheet and reducing interest expenses. Townsquare's stock has potential for further growth, with a 7-8% dividend yield and a possible valuation as a tech company if it can optimize its Ignite business.

Townsquare Media: Business Model Showing Resiliency

Townsquare Media, Inc. (NYSE:TSQ ) Q1 2023 Earnings Conference Call May 10, 2023 8:00 AM ET Company Participants Claire Yenicay – Executive Vice President Bill Wilson – Chief Executive Officer Stuart Rosenstein – Executive Vice President and 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 2023 Conference Call.

Townsquare Media, Inc. (TSQ) Q1 2023 Earnings Call Transcript

Townsquare Media (TSQ) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.19 per share a year ago.

Townsquare Media (TSQ) Q1 Earnings and Revenues Beat Estimates

Q1 Digital Advertising Net Revenue Increased 15.4% YOY Digital Revenue Represents 54% of Q1 Total Net Revenue PURCHASE, N.Y. , May 10, 2023 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the first quarter ended March 31, 2023.

TOWNSQUARE ANNOUNCES FIRST QUARTER RESULTS WHICH DEMONSTRATE ONGOING STRENGTH OF ITS DIGITAL FIRST STRATEGY

PURCHASE, N.Y. , May 3, 2023 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare," or the "Company") announced today that Bill Wilson, Chief Executive Officer, and Stuart Rosenstein, Chief Financial Officer, will participate in two upcoming investor conferences.

TOWNSQUARE TO PARTICIPATE IN UPCOMING INVESTOR CONFERENCES

PURCHASE, N.Y. , April 26, 2023 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare," or the "Company") announced today their participation in the Channelchek Takeaway Series from the 2023 NAB Show, to be broadcast Thursday, April 27, 2023 at 10:00 AM EDT.

TOWNSQUARE ANNOUNCES PARTICIPATION IN THE CHANNELCHEK TAKEAWAY SERIES

PURCHASE, N.Y. , April 19, 2023 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company") announced today that it will release first quarter 2023 financial results before the market opens on Wednesday, May 10, 2023.

TOWNSQUARE ANNOUNCES CONFERENCE CALL TO DISCUSS FIRST QUARTER 2023 RESULTS

TSQ announced a new dividend policy which will pay shareholders $0.1875 per share quarterly dividend, or $0.75 per share annually. TSQ has not paid a dividend for roughly 2 years, so this 9%+ dividend should attract new investors.

Townsquare Media: Let The Dividends Flow

Townsquare Media, Inc. (NYSE:TSQ ) Q4 2022 Results Earnings Conference Call March 9, 2023 8:00 AM ET Company Participants Claire Yenicay - Executive Vice President, Investor Relations and Corporate Communications Bill Wilson - Chief Executive Officer Stuart Rosenstein - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Financial Capital Markets James Goss - Barrington Research Operator Good morning. Welcome to Townsquare Media's Fourth Quarter 2022 Conference Call.

Townsquare Media, Inc. (TSQ) Q4 2022 Earnings Call Transcript

Townsquare (TSQ) delivered earnings and revenue surprises of 26.92% and 1.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Townsquare Media (TSQ) Tops Q4 Earnings and Revenue Estimates

Digital Transformation Evident: 50% of Total Revenue and Adjusted Operating Income from Digital Sources in 2022, as Digital Revenue Increases +16% YOY Net Leverage Declines to All-Time Low 4.29x Announces $0.1875 Dividend Per Share PURCHASE, N.Y. , March 9, 2023 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the fourth quarter and year ended December 31, 2022.

TOWNSQUARE REPORTS ALL-TIME HIGH NET REVENUE AND ADJUSTED EBITDA IN 2022

PURCHASE, N.Y. , Feb. 22, 2023 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company") announced today that it will release fourth quarter 2022 financial results before the market opens on Thursday, March 9, 2023.

TOWNSQUARE ANNOUNCES CONFERENCE CALL TO DISCUSS FOURTH QUARTER 2022 RESULTS

2023 is going to be a year of investing for Townsquare, and how those investments in the business pan out will impact 2024 results. Look for continued deleveraging as 2022 should end as the company's biggest year as measured by revenues and profits.

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