Townsquare Media reports record 2022 net revenue $463M, Adj EBITDA $113.7M; initiates $0.1875 quarterly dividend

Townsquare Media, Inc.

Net revenue $463.1M (+10.8% YoY); Q4 $120.3M (+8.8%). Adj EBITDA $113.7M (+8.2% YoY).
Digital revenue $231M (+16% YoY) now 50% of total revenue; digital Adj Operating Income $69M (+12%).
Initiated quarterly cash dividend $0.1875/share ($0.75 annual), payable May 1, 2023 to record Mar 27.
Net leverage all-time low 4.29x; cash $43.4M; bought back $19.2M secured notes; acquired Cherry Creek for $18.5M.
Guidance: Q1 net rev $100-102M, Adj EBITDA $17.5-18.5M; FY23 net rev $450-470M, Adj EBITDA $100-110M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Townsquare Media, Inc. updated its the quarter and year ended December 31, 2022 guidance (reaffirmed).

Period: the quarter and year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 9, 2023, Townsquare Media Inc. (the “Company”) issued a press release announcing operating results for the quarter and year ended December 31, 2022.

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Townsquare Media, Inc. filing history →

Source: SEC EDGAR

accession 0001499832-23-000027

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