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Townsquare Media ( (TSQ) ) has provided an update.
On January 21, 2025, Townsquare Media, Inc. announced preliminary estimated financial results for the fourth quarter and full year ended December 31, 2024. The company expects its full-year net revenue to be between $450 million and $452 million, and Adjusted EBITDA to be approximately $100 million. Townsquare’s digital divisions, particularly digital advertising, demonstrated strong growth, contributing to the company’s evolving strategy as a Digital First Local Media Company. Additionally, Townsquare expanded its Media Partnerships division, furthering partnerships to enhance their digital advertising solutions. The company repurchased $12 million of Senior Secured Notes in Q4, ending the year with $467 million of debt and $33 million of cash on hand, underscoring a positive outlook for sustainable growth.
More about Townsquare Media
Townsquare Media, Inc. is a community-focused digital media and digital marketing solutions company, primarily operating outside the top 50 U.S. markets. Their offerings include local radio stations, a subscription digital marketing services business called Townsquare Interactive, and Townsquare Ignite, a digital advertising division.
YTD Price Performance: -1.78%
Average Trading Volume: 62,736
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $146M
Find detailed analytics on TSQ stock on TipRanks’ Stock Analysis page.
