secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001499832-22-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Townsquare posts record Q3 net revenue of $120.6M (+8.4% YoY) and Adj. EBITDA of $30.9M (+6% YoY)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000091/0001499832-22-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000091/tsq-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001499832-22-000091

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