secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001499832-24-000081
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983224000081/0001499832-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983224000081/tsq-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001499832-24-000081

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