{"schema_version":"secwatch.filing_event.v1","accession":"0001499832-22-000091","form_type":"8-K","ticker":"TSQ","cik":"0001499832","company_name":"Townsquare Media, Inc.","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.874767+00:00","generated_at":"2026-06-22T01:08:19.509209+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Townsquare posts record Q3 net revenue of $120.6M (+8.4% YoY) and Adj. EBITDA of $30.9M (+6% YoY)","bullets":["Diluted EPS $0.13; adjusted diluted EPS $0.47; net income $2.8M vs $12.9M due to $10.3M FCC license impairment.","Total digital revenue up 16.6% YoY; digital advertising +21.3%, subscription digital marketing +9.7%.","Net leverage fell to all-time low of 4.54x; gross leverage 4.79x based on trailing 12-month Adj. EBITDA of $110.9M.","Q4 guidance: net rev $116-122M (+5-10% YoY), Adj. EBITDA $27.7-30.7M (+8-20% YoY).","Completed Cherry Creek acquisition for $18.4M net; repurchased $19.2M of 2026 secured notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001499832-22-000091","json":"https://secwatch.observer/filing/0001499832-22-000091.json","markdown":"https://secwatch.observer/filing/0001499832-22-000091.md","text":"https://secwatch.observer/filing/0001499832-22-000091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1499832/000149983222000091/0001499832-22-000091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1499832/000149983222000091/tsq-20221109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T01:08:19.509209+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"891c00b91ec18665758d8b647ee4a7d7f91cd091","claim":"Townsquare Media, Inc. reported third quarter ended September 30, 2022 results: revenue $120.6 million, net income $2.8 million, EPS $0.13. Guidance reaffirmed.","evidence_excerpt":"September 30, 2022 Compared to the Quarter Ended September 30, 2021 Net Revenue Net revenue for the three months ended September 30, 2022 increased $9.4 million, or 8.4%, to $120.6 million as compared to $111.3 million in the same period in 2021. Digital Advertising net revenue increased $6.5 million, or 21.3%, and Subscription Digital Marketing Solutions net","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499832/000149983222000091/0001499832-22-000091-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$120.6 million"},{"label":"Net income","value":"$2.8 million"},{"label":"EPS","value":"$0.13"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d60951b59f10a0264ff8c875b9bef45d600084da","claim":"Townsquare Media, Inc. reported full year 2022 results: revenue between approximately $459 million and $465 million. Guidance initiated.","evidence_excerpt":"For the full year 2022, net revenue is expected to be between approximately $459 million and $465 million (+10% to +11% as compared to the prior year), and Adjusted EBITDA is expected to be between approximately $113 million and $116 million (+8% to +10% as compared to the prior year).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499832/000149983222000091/0001499832-22-000091-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2022"},{"label":"Revenue","value":"between approximately $459 million and $465 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"df1850806d05695069934fc6584bdde736b0d8d4","claim":"Townsquare Media, Inc. reported fourth quarter of 2022 results: revenue between $116.0 million and $122.0 million. Guidance initiated.","evidence_excerpt":"For the fourth quarter of 2022, net revenue is expected to be between $116.0 million and $122.0 million (+5% to +10% as compared to the prior year), and Adjusted EBITDA is expected to be between $27.7 million and $30.7 million (+8% to +20% as compared to the prior year).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499832/000149983222000091/0001499832-22-000091-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of 2022"},{"label":"Revenue","value":"between $116.0 million and $122.0 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}