secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001499832-22-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Townsquare Q1 revenue and EBITDA set records; digital now 51% of revenue
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- Net revenue rose 12.9% YoY to ~$100.6M; Adjusted EBITDA up 9.8% to $22.1M, both Q1 records.
- Digital revenue grew 15.9% to $51.1M (51% of total); digital adjusted operating income was 55% of total.
- Net income improved to $2.7M from a loss of $6.1M; Townsquare Interactive added ~1,050 net subscribers.
- Net leverage at 4.66x; expects to reduce to 4.0x by year-end. Reaffirmed FY 2022 revenue guidance of $460-475M.
- Announced accretive acquisition of Cherry Creek Broadcasting LLC for $18.75M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000044/0001499832-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000044/tsq-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001499832-22-000044

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