secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001499832-21-000086
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Townsquare Q3 net revenue $111.3M (+16.7% YoY), Adj. EBITDA $29.2M (+66.5%); raises FY guidance
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- Net revenue $111.3M (+16.7% YoY), 99% of Q3 2019; net income $12.9M vs $1.3M YoY.
- Adjusted EBITDA $29.2M (+66.5%); FY2021 guidance raised to at least $415M revenue, $104-105M Adj. EBITDA.
- Digital revenue 47% of total net revenue (ex-political) YTD 2021; Townsquare Interactive +16.2% to $21.1M.
- Net leverage reduced to 4.9x from 7.8x YoY; $550M 6.875% senior secured notes issued.
- Completed repurchase of Oaktree's equity interest at $6.40/security (19% discount to pre-announcement).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983221000086/0001499832-21-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983221000086/tsq-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001499832-21-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer