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Townsquare Media (TSQ) reported $106.76 million in revenue for the quarter ended September 2025, representing a year-over-year decline of 7.4%. EPS of $0.05 for the same period compares to $0.35 a year ago.The reported revenue represents a surprise of -1.11% over the Zacks Consensus Estimate of $107.96 million. With the consensus EPS estimate being $0.05, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Townsquare Media (NYSE:TSQ) Q3 2025 Earnings Call November 10, 2025 08:00 AM ET Company ParticipantsStuart Rosenstein - CFO and EVPClaire Yenicay - EVP of Investor Relations and Corporate CommunicationsBill Wilson - CEOConference Call ParticipantsMichael Kopinsky - AnalystPatrick Sholl - Research AnalystOperatorGood morning and welcome to Townsquare Media's third quarter 2025 conference call. As a reminder, today's call is being recorded and your participation implies consent to the recording. At this time, ...

Townsquare Media (NYSE:TSQ) Q3 2025 Earnings Call November 10, 2025 08:00 AM ET Company ParticipantsStuart Rosenstein - CFO and EVPMichael Kupinski - Director of ResearchClaire Yenicay - EVP of Investor Relations and Corporate CommunicationsBill Wilson - CEOConference Call ParticipantsPatrick Sholl - Research AnalystOperatorGood morning and welcome to Townsquare Media's third quarter 2025 conference call. As a reminder, today's call is being recorded and your participation implies consent to the recording. ...

Townsquare Media (NYSE:TSQ) Q3 2025 Earnings Call November 10, 2025 08:00 AM ET Speaker0Good morning and welcome to Townsquare Media's third quarter 2025 conference call. As a reminder, today's call is being recorded and your participation implies consent to the recording. At this time, all participants are in the listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your teleph ...

Company Overview & Financial Highlights - Townsquare is a community-focused digital and broadcast media company primarily operating outside the top 50 US markets[12] - As of LTM 9/30/25, net revenue was $439 million and adjusted EBITDA was $98 million[16] - Digital net revenue reached $238 million, contributing 54% of total net revenue and 53% of segment profit as of LTM 9/30/25[18] - Digital subscription solutions (Townsquare Interactive) accounted for 18% of total revenue and 27% of adjusted EBITDA as of LTM 9/30/25[18] - The company offers a quarterly dividend of $020 per share, or $080 per share on an annualized basis, representing approximately a 13% dividend yield as of November 7, 2025[17] Digital Segment Performance - Digital advertising revenue for LTM 9/30/25 was $162 million with a segment profit of $39 million and a 24% profit margin[24, 64] - Subscription digital marketing solutions generated $76 million in net revenue and $24 million in segment profit for LTM 9/30/25[24] - September YTD 2025, total digital revenue was $176 million, accounting for 55% of total revenue, with a segment profit of $461 million, also representing 55% of total segment profit[32] Broadcast & Future Outlook - Broadcast advertising net revenue was $185 million ex-political, with a segment profit of $50 million and a 27% profit margin for LTM 9/30/25[27] - The company's Q3 2025 net revenue was $1068 million, a 7% decrease year-over-year, but only a 45% decrease excluding political revenue[133] - Q4 2025 net revenue is guided to be between $105 million and $109 million, compared to $1178 million in Q4 2024[138]

Revenue Performance - Net revenue decreased by $8.6 million, or 7.4%, primarily due to a $7.5 million decrease in Broadcast Advertising net revenue[141] - For the nine months ended September 30, 2025, net revenue decreased by $12.3 million, or 3.7%, driven by a $16.6 million decrease in Broadcast Advertising net revenue[141] - Digital Advertising net revenue increased by $3.2 million, or 2.7%, to $119.3 million for the nine months ended September 30, 2025[141] - Excluding political revenue, net revenue decreased by $7.4 million, or 2.3%, to $319.6 million for the nine months ended September 30, 2025[141] - Net revenue for the three months ended September 30, 2025, decreased by $8.6 million, or 7.4%, compared to the same period in 2024, primarily due to declines in Broadcast Advertising and Digital Advertising revenues[145] - For the nine months ended September 30, 2025, net revenue decreased by $12.3 million, or 3.7%, compared to the same period in 2024[158] - Net revenue for the nine months ended September 30, 2025, decreased by $12.3 million, or 3.7%, compared to the same period in 2024, primarily due to a $16.6 million decrease in Broadcast Advertising revenue[160] Operating Income and Expenses - Operating income decreased by $9.2 million for the three months ended September 30, 2025, primarily due to a $6.2 million increase in transaction and business realignment costs[141] - Broadcast Advertising reported operating income of $12.0 million for the three months ended September 30, 2025, a decrease of $0.9 million compared to the same period in 2024[141] - Total operating costs and expenses for the nine months ended September 30, 2025, decreased by $46.0 million, or 13.8%, compared to the same period in 2024[158] - Direct operating expenses for the three months ended September 30, 2025, decreased by $5.0 million, or 6.0%, with Broadcast Advertising expenses down by $4.9 million, or 12.8%[146] - Direct operating expenses for the nine months ended September 30, 2025, decreased by $8.8 million, or 3.6%, with Broadcast Advertising expenses down by $10.9 million, or 9.7%[161] Profitability and Impairments - Segment profit for the three months ended September 30, 2025, decreased by $3.5 million, or 11.2%, with Broadcast Advertising segment profit down by $2.6 million, or 16.3%[147] - Segment profit for the nine months ended September 30, 2025, decreased by $3.5 million, or 4.0%, with Broadcast Advertising segment profit down by $5.8 million, or 13.5%[162] - The company recognized a non-cash goodwill impairment charge of $3.0 million for the National Digital reporting unit for the three months ended September 30, 2025, due to declines in forecasted revenues[151] - The company incurred $1.5 million in impairment charges related to FCC licenses for four local markets during the nine months ended September 30, 2025, a significant decrease from $29.7 million in the same period in 2024[165] Debt and Financing - The Company entered into a $490 million Credit Agreement, including a $470 million Term Loan Facility and a $20 million Revolving Credit Facility[138] - The Company incurred approximately $5.5 million in fees and expenses related to the Senior Secured Credit Facility, which are being amortized over its term[139] - Interest expense for the three months ended September 30, 2025, increased to $12.6 million, up from $9.2 million in the same period in 2024, representing a 37.4% increase[155] - As of September 30, 2025, the company had $437.6 million of outstanding indebtedness, net of unamortized discount and deferred financing costs[183] - The company expects mandatory debt service requirements to be approximately $53.7 million over the next twelve months[184] Cash Flow and Liquidity - Net cash provided by operating activities was approximately $18.0 million for the nine months ended September 30, 2025, compared to $20.6 million for the same period in 2024[179] - Net cash used in investing activities was $3.4 million for the nine months ended September 30, 2025, a decrease from $7.6 million in the same period in 2024[180] - As of September 30, 2025, the company had $3.2 million in cash and cash equivalents, and $55.5 million in receivables from customers, with an average collection cycle of approximately 50 days[185] - The company anticipates that cash generated from operations will be sufficient to meet liquidity needs for at least the next 12 months, but future performance and cash flow are subject to various economic conditions[187] Strategic Outlook - The company believes its diversified product offering helps mitigate risks associated with advertising revenue dependency[126] - The company is evaluating strategic acquisitions and divestitures to enhance its competitive position and financial performance, which may require additional capital[188] - The company closely monitors capital and credit market conditions, as well as the financial condition of its customers, to assess potential impacts on operations[189] - There are no material off-balance sheet arrangements or transactions reported by the company[190] - The company makes significant estimates and judgments in preparing financial statements, which may change based on new events and information[192] - There have been no material changes to the critical accounting policies and estimates as filed in the 2024 Annual Report[193] Taxation - The effective tax rate for the three months ended September 30, 2025, was approximately 16.2%, a significant decrease from 82.6% in the same period in 2024[156] Stock-Based Compensation - Stock-based compensation expense decreased by $3.0 million, or 21.5%, for the nine months ended September 30, 2025, due to a non-recurring cash settlement of options in 2024[163]

Revenue Performance - Townsquare reported a net revenue of $106.8 million for Q3 2025, a decrease of 7.4% compared to $115.3 million in Q3 2024[9] - Net revenue for Q3 2025 was $106.759 million, a decrease of 7.3% from $115.311 million in Q3 2024[32] - Net revenue for the nine months ended September 30, 2025, was $320,882, a decrease of 3.7% compared to $333,169 in 2024[38] - Total net revenue for the three months ended September 30, 2025, was $106,759,000, a decrease from $115,311,000 in the same period of 2024[43] - For the nine months ended September 30, 2025, net revenue reached $320,882,000, compared to $333,169,000 for the same period in 2024[43] Digital Revenue - Digital net revenue increased by 2.1% year-over-year, representing 55% of total net revenue for the first nine months of 2025[2] - Digital Advertising revenue streams increased by 7% year-over-year in Q3 2025, partially offsetting declines in other areas[2] - Digital Advertising revenue for the nine months ended September 30, 2025, increased by 2.6% to $119,517 from $116,541 in 2024[38] - Digital Advertising segment revenue decreased by 1.5% to $40,228,000 for the three months ended September 30, 2025, from $40,861,000 in 2024[39] - The company experienced a 90.3% decline in political revenue from Digital Advertising, falling to $14,000 from $145,000 year-over-year[39] Profitability and Loss - Adjusted EBITDA for Q3 2025 decreased by 13.5% to $22.0 million, compared to $25.5 million in Q3 2024[13] - Operating income for Q3 2025 was $5.936 million, down from $15.097 million in Q3 2024, reflecting a decline of 60.7%[32] - Net loss for Q3 2025 was $5.5 million, a decrease of $16.8 million from a net income of $11.3 million in Q3 2024[12] - Adjusted Net Income for the three months ended September 30, 2025, was $855,000, down from $6,080,000 in 2024[40] - Segment Profit for the three months ended September 30, 2025, was $28,001,000, compared to $31,517,000 for the same period in 2024, reflecting a decline of approximately 11%[43] Expenses and Costs - The company incurred transaction and business realignment costs of $6.891 million in Q3 2025, compared to $645,000 in Q3 2024[32] - Total operating costs and expenses for the nine months ended September 30, 2025, decreased by 13.8% to $286,763 from $332,802 in 2024[38] - Direct operating expenses for the three months ended September 30, 2025, were $78,758,000, up from $83,794,000 in the same period of 2024[43] Debt and Financial Position - The company reduced its outstanding debt by $17 million since the February 2025 refinancing, including a $6 million repurchase of Term Loans at a discount in Q3[2] - As of September 30, 2025, the company had $3.2 million in cash and $463.4 million in outstanding indebtedness, resulting in a gross leverage ratio of 4.74x[18] - Total liabilities were $573.197 million as of September 30, 2025, compared to $608.856 million at the end of 2024, showing a reduction in liabilities[30] - Cash and cash equivalents decreased significantly to $3.211 million from $32.990 million at the end of 2024[30] - Interest expense for the nine months ended September 30, 2025, increased by 29.5% to $35,497 from $27,418 in 2024[38] Future Projections - For Q4 2025, net revenue is expected to be between $105 million and $109 million, with Adjusted EBITDA projected between $21.5 million and $23.5 million[8]

Digital Represents 55% of September YTD Total Net Revenue and Total Segment ProfitReduced Debt by $17 million Since the February 2025 Refinancing PURCHASE, N.Y., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare”, the "Company," "we," "us," or "our") announced today its financial results for the third quarter ended September 30, 2025. “I am pleased to share that Townsquare’s third quarter results met our previously issued net revenue and Adjusted EBITDA guidance, reflecting o ...

Group 1: Sharplink Gaming - Sharplink Gaming Inc. is a sports betting and affiliate marketing firm that has recently made significant investments in the cryptocurrency space, particularly Ethereum [4][5] - The company raised over $2.6 billion to invest in 700,000 ETH, positioning itself as one of the largest publicly traded Ethereum treasury firms [5] - Analysts have set a 12-month stock price forecast for Sharplink at $45, indicating a potential upside of 227.89% from the current price of $13.72 [4][7] Group 2: Townsquare Media - Townsquare Media Inc. operates over 300 radio stations and has pivoted towards digital solutions, which now account for 55% of its revenue [9][10] - The company has a 12-month stock price forecast of $17, representing a 165.42% upside from the current price of $6.41, with a high forecast of $21 [9][11] - Townsquare offers a substantial dividend yield of 12.55% and has a low P/E ratio of 3.14, making it an attractive investment opportunity [10][11] Group 3: Synchronoss Technologies - Synchronoss Technologies Inc. is a microcap firm focusing on cloud-based software solutions, with nearly 93% of its revenue coming from recurring SaaS [12][13] - Analysts project a 12-month stock price forecast of $13, indicating a potential upside of 152.18% from the current price of $5.16 [12][14] - The company is expected to continue growing its client base and aims for sustained profitability, making it a high-risk, high-reward investment [13][14]