secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001499832-23-000108
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983223000108/0001499832-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983223000108/tsq-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001499832-23-000108

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