earnings
confidence high
sentiment positive
materiality 0.65
Townsquare Media Q4/FY2024 preliminary results in-line; digital revenue +11% YoY, debt reduced $36M in 2024
Townsquare Media, Inc.
2024-FY EPS reported
-$0.81
revenue$450,982,000
- Full year net revenue expected $450-452M; full year Adj EBITDA ~$100M, both within guidance ranges.
- Q4 net revenue $117-119M; Q4 Adj EBITDA ~$31M.
- Digital revenue +11% YoY in Q4; digital now 52% of total net revenue in 2024.
- Repurchased $12M of Senior Secured Notes in Q4, $36M total in 2024; ended with $467M debt, $33M cash.
- Expanded Media Partnerships with another local media provider (two non-overlapping markets); launch expected this summer.