---
schema_version: "secwatch.filing_event.v1"
accession: "0001499832-22-000021"
form_type: "8-K"
ticker: "TSQ"
cik: "0001499832"
company_name: "Townsquare Media, Inc."
filed_at: "2022-03-10T23:59:59+00:00"
generated_at: "2026-06-26T23:56:35.833144+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001499832-22-000021
- form_type: 8-K
- ticker: TSQ
- cik: 0001499832
- company_name: Townsquare Media, Inc.
- filed_at: 2022-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499832/000149983222000021/0001499832-22-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499832/000149983222000021/tsq-20220310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001499832-22-000021
- JSON: https://secwatch.observer/filing/0001499832-22-000021.json
- Plain text: https://secwatch.observer/filing/0001499832-22-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.