secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001499832-24-000129
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983224000129/0001499832-24-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983224000129/tsq-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001499832-24-000129

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