secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001499832-23-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983223000027/0001499832-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983223000027/tsq-20230309.htm
  HTML page:      https://secwatch.observer/filing/0001499832-23-000027

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