earnings
confidence high
sentiment negative
materiality 0.70
Townsquare Q1 net revenue $103.1M, net loss $1.9M; digital ad +15.4%
Townsquare Media, Inc.
- Net revenue $103.1M (+2.9% YoY); net loss $1.9M vs net income $2.7M in Q1 2022.
- Adjusted EBITDA $19.4M (-11.9% YoY); diluted loss per share $(0.14), adj net income per share $0.08.
- Digital Advertising net revenue up 15.4% to $33.7M; Broadcast Advertising down 4.8% to $45.7M.
- Q2 2023 guidance: net revenue $120-122M, Adj EBITDA $28-29M; full year 2023 reaffirmed $450-470M rev, $100-110M Adj EBITDA.
- Quarterly dividend $0.1875/share (payable Aug 1, record June 30); repurchased $12.2M of 2026 notes.