TSQ
Townsquare Media, Inc.5.36
+0.19+3.68%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
88.23MP/E (TTM)
4.54Basic EPS (TTM)
1.18Dividend Yield
0.15%Recent Filings
10-Q
Q2 FY2025 results
Townsquare Media swung to operating income of $21.1M in Q2 FY2025 ended June 30, 2025, up from a $21.4M loss a year earlier, while net revenue dipped 2.3% y/y to $115.4M (derived), pressured by a 9.2% drop in broadcast advertising to $48.7M yet buoyed by 2.4% growth in digital advertising to $42.5M. Gross margins held steady as direct expenses fell 3.1% y/y, with diluted EPS flipping to $0.09 from -$3.26, reconciling cleanly to 16.5M weighted shares; YTD operating income climbed to $28.2M from a $14.7M loss, though net loss widened slightly to $0.5M versus $47.3M amid $1.5M debt extinguishment costs. Cash from operations stayed robust at $10.1M YTD, funding $8.3M capex for free cash flow of $1.8M (derived), while quarter-end cash sat at $3.2M against $440M total debt under a new $470M term loan at 9.32% maturing 2030, with full $20M revolver availability and covenant compliance. A $5.6M gain from Boise land sale sharpened focus on digital momentum. Yet broadcast revenue forecasts remain vulnerable to economic volatility.
8-K
Townsquare beats EBITDA guide
Townsquare Media reported Q2 net revenue of $115.4 million, down 2.3% year-over-year, yet Adjusted EBITDA climbed 0.7% to $26.4 million, beating guidance amid broadcast declines. Digital revenue surged 4.1% in the first half to represent 55% of total, driving 9.4% segment profit growth while broadcast fell 9.2%. The company repurchased $10 million in debt and declared a $0.20 quarterly dividend. Digital fuels resilience.
8-K
Townsquare beats EBITDA guide
Townsquare Media reported Q1 2025 net revenue of $98.7 million, down 1.0% year-over-year, yet Adjusted EBITDA climbed 3.5% to $18.1 million, fueled by digital revenue surging 6.4% to $55.8 million and segment profit jumping 16.2%. Broadcast advertising dipped 9.1%, but the company reaffirmed full-year guidance of $435-455 million in revenue and $90-98 million in Adjusted EBITDA. Digital now drives 57% of revenue. Debt refinancing extends maturities to 2030. Board approved $0.20 quarterly dividend.
10-Q
Q1 FY2025 results
Townsquare Media's Q1 revenue dipped 1.0% y/y to $98.7M, with broadcast advertising down 9.1% to $41.3M on softer client spending, yet digital advertising climbed 7.6% to $36.8M and subscription solutions rose 4.2% to $19.0M, lifting segment profits 0.5% to $22.9M. Operating income edged up 7.4% to $7.1M, thanks to no repeat of last year's $1.6M impairments and 1.4% lower direct costs, though stock-based comp jumped 45.9% to $4.2M. Net loss of $1.5M swung from $1.6M profit, driven by $1.5M debt extinguishment and higher interest, with the $3.0M tax benefit reflecting valuation allowances; diluted EPS of -$0.12 aligns with 15.9M shares, anti-dilution flagging out-of-money options. Cash drained to $5.5M after refinancing $467M notes with a $470M term loan at 9.32% maturing 2030, revolver at $13M available, and $4.5M capex; free cash flow not disclosed in the 10-Q. Debt stands at $448M net, covenants compliant. Economic volatility threatens ad budgets.
8-K
Annual meeting elects directors
Townsquare Media's stockholders, at the May 1, 2025 annual meeting, elected Gary Ginsberg and Steven Price as directors for three-year terms ending in 2028, with Ginsberg drawing 12.7 million for votes amid 4.1 million withheld, while Price secured 16.6 million. They also ratified BDO USA as auditors for the year through December 31, 2025, passing overwhelmingly with 19.5 million for votes. Governance stays steady.
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