secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001499832-22-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Townsquare Q2 revenue and EBITDA hit all-time highs; digital revenue up 21%; raises FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000055/0001499832-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000055/tsq-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001499832-22-000055

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