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Townsquare Media (TSQ)
NYSE:TSQ
Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.6Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -15.02%
|Next Earnings Date:Mar 17, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Townsquare Media's positive momentum in digital revenue growth, strategic partnerships, and successful financial management, despite challenges in national broadcast revenue and political revenue falling short of expectations.Company Guidance
During Townsquare Media's Q3 2024 earnings call, the company provided guidance indicating a sequential improvement in net revenue, with Q3 net revenue increasing slightly year-over-year to $115 million, marking the fourth consecutive quarter of sequential growth. The company forecasted that Q4 net revenue growth would be equal to or greater than Q3's growth rate. Digital revenue, which accounted for 52% of total net revenue in Q3, was highlighted as a key growth driver, with Townsquare Ignite's digital programmatic advertising growing at 10% year-over-year. The company projected Q4 digital advertising revenue growth to approach 15%, tripling Q3's rate. Adjusted EBITDA, although declining 6.3% year-over-year to $25.5 million for Q3, was expected to fall within the original guidance range of $100 million to $101 million for the full year. The company also highlighted its ongoing efforts in debt and share repurchases, emphasizing financial flexibility and a strong cash flow position, with $22 million in cash on hand at the end of Q3 and a net leverage ratio of 4.86x.Return to Net Revenue Growth
Townsquare Media returned to net revenue growth with a slight year-over-year increase, and they forecast Q4 net revenue growth to be equal to or greater than Q3's growth rate.
Digital Revenue Growth
Digital revenue returned to growth, contributing to 52% of total net revenue in the third quarter. Digital Advertising net revenue grew by 5% year-over-year, driven by a 10% increase in digital programmatic advertising.
Successful Debt and Share Repurchases
The company repurchased $11 million of bonds below par, over $1 million of stock, and paid a $3 million high-yielding quarterly dividend.
Townsquare Ignite's Recognition
Townsquare Ignite was recognized as one of the best and brightest companies to work for in the nation for the third year in a row.
Strategic Partnership with SummitMedia
Townsquare announced a strategic partnership with SummitMedia, aiming to white label their programmatic platform, which is expected to ramp throughout 2025.
Strong Cash Flow Generation
The company generated $9.9 million of cash flow from operations in the third quarter and $20.6 million in the first 9 months of 2024.
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TSQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $10.05 | $9.94 | -1.09% |
| Aug 07, 2024 | $10.53 | $10.65 | +1.14% |
| May 09, 2024 | $11.91 | $11.52 | -3.27% |
| Mar 15, 2024 | $9.62 | $9.82 | +2.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Townsquare Media (TSQ) report earnings?
Townsquare Media (TSQ) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is Townsquare Media (TSQ) earnings time?
Townsquare Media (TSQ) earnings time is at Mar 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSQ EPS forecast?
TSQ EPS forecast for the fiscal quarter 2024 (Q4) is 0.6.
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