Townsquare returns to total and digital revenue growth in Q3; net income improves $47.8M YoY

Townsquare Media, Inc.

2024-Q3 EPS reported -$2.38 revenue$333,169,000

Q3 net revenue $115.3M (+0.2% YoY); Adj EBITDA $25.5M (-6.3% YoY), both in guidance.
Net income $11.3M vs net loss $36.5M a year ago; improvement driven by $29M lower impairment.
Digital Advertising revenue +4.7%; Subscription Digital Marketing Solutions -5.8%.
Repurchased $11M of 2026 notes in Q3; $24.7M YTD. Also repurchased 2.3M shares YTD at avg $10.31.
Board declares $0.1975 quarterly dividend (approx. 8% yield); payable Feb 1, 2025 to Jan 21 record date.

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