earnings
confidence high
sentiment positive
materiality 0.75
Townsquare Q2 revenue and EBITDA hit all-time highs; digital revenue up 21%; raises FY guidance
Townsquare Media, Inc.
- Net revenue +13.6% YoY to record; net income $4.9M vs $10.1M; diluted EPS $0.24, adjusted EPS $0.71.
- Total digital revenue +20.7% YoY, now 50% of total; TSI added 1,150 net subs; Digital Advertising +25.4%.
- Net leverage down to 4.65x; repurchased $19.2M of 2026 secured notes at/below par in Q2.
- Closed $18.4M Cherry Creek acquisition June 17; raises FY 2022 net revenue guide to $465-480M, EBITDA to $116-121M.
- Q3 2022 guidance: net revenue $120-127M, Adjusted EBITDA $30-32M.