TSQ
Townsquare Media, Inc.5.36
+0.19+3.68%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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
8-K
Q3 results: revenue down, digital up
Townsquare Media reported Q3 net revenue down 7.4% to $106.8M and Adjusted EBITDA off 13.5% to $22.0M, hit by broadcast declines yet buoyed by digital at 55% of YTD revenue with +2.1% growth. Debt fell $17M since February refinancing. Q4 guidance: $105M-$109M revenue, $21.5M-$23.5M EBITDA. Digital powers resilience.
10-Q
Q3 FY2025 results
Townsquare Media's Q3 revenue fell 7.4% y/y to $106.8M, driven by 13.8% drop in Broadcast Advertising to $47.0M amid absent political spend, while Digital Advertising held steady at $40.2M and Subscription Digital Marketing dipped 2.3% to $18.6M. Operating income slid to $5.9M from $15.1M, hit by $6.9M transaction costs and $3.1M impairments including National Digital goodwill, yet direct expenses fell 6.0%. Swapped 2026 Notes for $470M Term Loan (9.20% rate, matures 2030) plus $20M Revolver ($5M drawn); cash at $3.2M after $18.0M OCF less $11.8M capex yielded $6.2M FCF (derived). Debt covenants met. Volatility stalks broadcast revenues.
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.
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.
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.
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