Townsquare Q2 revenue flat at $121M, net loss of $2.7M; Digital Advertising revenue up 11% YoY

Townsquare Media, Inc.

2024-Q2 EPS reported -$0.33 revenue$224,341,000

Q2 net revenue $121.2M (-0.6% YoY); Adjusted EBITDA $28.6M (-11.6% YoY); net loss $2.7M vs net income $4.9M last year.
Digital Advertising segment net revenue +10.6% YoY to $41.5M; segment profit +29.6% YoY with 35% margin.
Board declares $0.1875 dividend payable Nov 1, 2023, record Oct 2, 2023.
Repurchased 1.6M shares at avg $9.79 and $12.9M of secured notes below par in H1.
Q3 guidance: revenue $115-117M, Adj. EBITDA $27-28M; full year reaffirmed $450-470M revenue, $100-110M Adj. EBITDA.

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. reported second quarter ended June 30, 2023 results: revenue $121.2 million. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $121.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

as we delivered second quarter net revenue and Adjusted EBITDA that met our previously issued guidance. In the second quarter, net revenue decreased -1% year-over-year to $121 million (and was flat year-over-year excluding political revenue), and Adjusted EBITDA decreased -12% year-over-year to $29 million. In total, year-to-date Digital net revenue increased

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Source: SEC EDGAR

accession 0001499832-23-000084

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