Townsquare Media LLC ( (TSQ) ) has released its Q1 earnings. Here is a breakdown of the information Townsquare Media LLC presented to its investors.
Townsquare Media LLC is a community-focused digital and broadcast media company, primarily operating outside the top 50 U.S. markets, offering digital marketing solutions and local radio broadcasting services. In its latest earnings report, Townsquare Media announced that it exceeded its Q1 Adjusted EBITDA guidance, driven by strong growth in digital revenue and profit. The company reported a 6.4% year-over-year increase in total digital revenue and a 16.2% increase in total digital segment profit, with digital operations now accounting for 57% of net revenue and 62% of segment profit. Despite a slight decline in overall net revenue by 1.0% and a decrease in net income by $3.1 million year-over-year, the company saw a 3.5% increase in Adjusted EBITDA. Townsquare’s digital advertising and subscription digital marketing solutions segments saw notable growth, while broadcast advertising revenue declined. The company successfully refinanced its debt, extending maturities to 2030, and declared a quarterly cash dividend of $0.20 per share. Looking ahead, Townsquare Media remains confident in its ability to generate shareholder value through continued digital growth and financial flexibility, reaffirming its full-year guidance for net revenue and Adjusted EBITDA.