---
schema_version: "secwatch.filing_event.v1"
accession: "0001499832-23-000027"
form_type: "8-K"
ticker: "TSQ"
cik: "0001499832"
company_name: "Townsquare Media, Inc."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:54:13.074221+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001499832-23-000027
- form_type: 8-K
- ticker: TSQ
- cik: 0001499832
- company_name: Townsquare Media, Inc.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499832/000149983223000027/0001499832-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499832/000149983223000027/tsq-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001499832-23-000027
- JSON: https://secwatch.observer/filing/0001499832-23-000027.json
- Plain text: https://secwatch.observer/filing/0001499832-23-000027.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499832/000149983223000027/0001499832-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.