Townsquare Q1 net revenue down 3.4% to $99.6M; digital ads return to growth

Townsquare Media, Inc.

2025-Q1 EPS reported $0.06 revenue$99,633,000

Net income of $1.6M vs. $1.9M loss a year ago; diluted EPS $0.06.
Digital Advertising revenue up 1.3% YoY; Subscription Digital Marketing revenue down 15.3%.
Adjusted EBITDA $17.5M, down 9.9% YoY; full-year 2024 guidance reaffirmed ($440-460M revenue).
Quarterly dividend $0.1975/share, payable Aug 1, 2024 to holders of record July 15, 2024.
Repurchased 0.4M shares in Q1 at avg $10.80; in April repurchased 1.5M shares from MSG at $9.76.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Townsquare Media, Inc. reported the first quarter ended March 31, 2024 results: revenue $99.6 million, EPS $0.06. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $99.6 million
EPS: $0.06
Guidance: reaffirmed
Result: reported results

Exact text from the filing

$27.0 million. For the full year 2024, net revenue guidance is reaffirmed to be between $440 million and $460 million, and Adjusted EBITDA guidance is reaffirmed to be between $100 million and $110 million. Quarter Ended March 31, 2024 Compared to the Quarter Ended March 31, 2023 Net Revenue Net revenue for the three months ended March 31, 2024 decreased $3.5

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Source: SEC EDGAR

accession 0001499832-24-000081

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