secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2022-03-10T23:59:59+00:00
Accession:  0001499832-22-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000021/0001499832-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000021/tsq-20220310.htm
  HTML page:      https://secwatch.observer/filing/0001499832-22-000021

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