Townsquare Q3 net loss $36.5M; revenue down 4.6%; digital advertising grows 5.5%

Townsquare Media, Inc.

2024-Q3 EPS reported -$2.52 revenue$339,445,000

Net loss of $36.5M vs net income of $2.8M a year ago; diluted EPS loss of $2.27.
Revenue $115.1M, down 4.6% YoY; Broadcast Advertising down 8.6%, Subscription Digital down 12.6%.
Digital Advertising revenue up 5.5% to $38.9M; segment Adjusted Operating Income up 6.3%.
Adjusted EBITDA $27.2M, down 12.1% YoY; Q4 2023 guidance: revenue $110.6-$112.6M, EBITDA $24.8-$25.8M.
Declared $0.1875/share quarterly dividend payable Feb 1, 2024; repurchased $14.2M of 2026 notes and 0.1M shares in Q3.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Townsquare Media, Inc. reported the third quarter ended September 30, 2023 results: revenue $115.1 million, net income net loss of $36.5 million, EPS Diluted loss per share was $2.27.

Period: the third quarter ended September 30, 2023
Revenue: $115.1 million
Net income: net loss of $36.5 million
EPS: Diluted loss per share was $2.27
Result: reported results

Exact text from the filing

September 30, 2023 Compared to the Quarter Ended September 30, 2022 Net Revenue Net revenue for the three months ended September 30, 2023 decreased $5.5 million, or 4.6%, to $115.1 million as compared to $120.6 million in the same period in 2022. Broadcast Advertising net revenue decreased $5.1 million, or 8.6%, and Subscription Digital Marketing Solutions net

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Source: SEC EDGAR

accession 0001499832-23-000108

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