Townsquare reports all-time record Adj. EBITDA of $30.3M in Q2 2021; net revenue up 44.9% YoY

Townsquare Media, Inc.

Net revenue of $107.3M (+44.9% YoY); net income of $10.1M vs. net loss of $26.8M in Q2 2020.
Adjusted EBITDA of $30.3M, a company record, exceeding both guidance and 2019 levels.
Digital net revenue grew 36% YoY, representing 47% of total net revenue in 1H 2021.
Townsquare Interactive added ~1,350 net subscribers in Q2, an all-time quarterly record.
Issued $550M of 6.875% senior secured notes due 2026; repurchased Oaktree's equity at a 19% discount.

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