Townsquare Q4 net loss $1.9M, FY net loss $43M; dividend raised 5.3%

Townsquare Media, Inc.

Full-year net revenue $454.2M (-1.9% YoY); net loss $43M vs net income $14.4M in 2022.
Total Digital now 51% of revenue; Digital Advertising revenue +7.1% YoY, Broadcast -5.4%.
Adjusted EBITDA $100M (-12.1% YoY); cash from operations $68M (+35% YoY).
Quarterly dividend increased to $0.1975/share (+5.3%); payable May 1, 2024 to holders of record Apr 5.
Repurchased $27.1M of 2026 Secured Senior Notes below par and $17M of common stock in 2023.

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 0.9

Townsquare Media, Inc. reported financial results for fourth quarter and year ended December 31, 2023.

Period: fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

announced today its financial results for the fourth quarter and year ended December 31, 2023.

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Townsquare Media, Inc. filing history →

Source: SEC EDGAR

accession 0001499832-24-000033

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