Townsquare reports record EBITDA of $105.1M in 2021; net revenue +12.6% to $418M

Townsquare Media, Inc.

Adjusted EBITDA $105.1M, an all-time high, up 69.2% YoY; net income $18.8M vs net loss $80.6M in 2020.
Digital revenue $198.6M (+18.7%), 48% of total net revenue; target of $275M by 2024 announced.
Q4 net revenue $110.6M (+1.9% YoY); Q4 Adjusted EBITDA $25.6M (-5.4%), but up 26.3% excluding political.
Board approved $50M stock repurchase plan over three years; net leverage reduced to 4.75x from 7.45x.
Q1 2022 guidance: net revenue $97.5-99.5M and Adjusted EBITDA $21-22M; FY 2022 guidance: $460-475M and $115-120M.

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