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Townsquare Media(TSQ) - 2025 Q1 - Earnings Call Transcript
2025-05-08 13:02
Financial Data and Key Metrics Changes - In Q1 2025, total net revenue decreased by 1% year over year to $98.7 million, within the guidance range of $98 million to $100 million [18] - Adjusted EBITDA increased by 3.5% year over year to $18.1 million, exceeding the guidance range of $17 million to $18 million [18] - Adjusted EBITDA margins expanded from 17.6% in Q1 2024 to 18.4% in Q1 2025 [18] Business Line Data and Key Metrics Changes - Digital revenue grew by 6% year over year, accounting for 57% of total net revenue in Q1 2025, the highest percentage achieved by the company [6][7] - Townsquare Ignite, the digital advertising segment, reported a net revenue increase of 7.6% year over year, with a profit margin of 21.5% [19] - Townsquare Interactive, the subscription-based digital marketing solutions segment, saw a segment profit increase of 22% year over year, with profit margins at approximately 32% [20] Market Data and Key Metrics Changes - The broadcast advertising net revenue, excluding political, declined by 8.3% year over year, while total broadcast revenue decreased by 9.1% [21] - The company continues to gain local and national broadcast market share, despite the overall decline in the broadcast market [16] Company Strategy and Development Direction - The company reaffirms its digital-first local media strategy, focusing on markets outside the top 50 in the U.S. as a competitive advantage [29] - The media partnership strategy is expected to generate $50 million in revenue within three to five years, contributing to the company's growth without significant capital investment [10][49] - The company plans to continue investing in digital product technology, sales, and content to maintain its competitive edge [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties and highlighted the strength of its digital platform as a growth engine [4][30] - The company anticipates continued growth in digital advertising revenue, with Q2 growth rates expected in the mid-single digits [10][25] - Management noted that the broadcast segment is viewed as a mature cash cow business, with expectations of continued revenue decline [15] Other Important Information - The company ended Q1 2025 with $6 million in cash, down from $27 million at year-end, primarily due to interest payments and refinancing fees [23] - The board approved a quarterly dividend of $0.20 per share, reflecting a yield of approximately 11.5% based on the current share price [25] Q&A Session Summary Question: Can you discuss the competitive landscape for Ignite and revenue from markets without radio stations? - Management highlighted that operating outside the top 50 markets provides a significant competitive advantage, with Ignite being a full-service digital agency [35][36] Question: What percentage of broadcast advertisers also buy digital solutions? - The majority of broadcast advertisers also purchase digital solutions, with over 85% engaging in both [40][43] Question: How does the company view potential deregulation in the broadcast industry? - Management is optimistic about deregulation, seeing it as an opportunity for both organic growth and potential acquisitions [46][49] Question: What is the growth potential for media partnerships outside the top 50 markets? - Management indicated significant growth potential, with hundreds of markets available for partnerships, contributing to future revenue growth [56][58] Question: How are interactive subscribers responding to current economic uncertainties? - Management noted a temporary pause in spending due to uncertainty, but recent months have shown improvement in revenue trends [60][64]
Townsquare Media(TSQ) - 2025 Q1 - Earnings Call Transcript
2025-05-08 13:00
Townsquare Media (TSQ) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Good morning, and welcome to Townsquare Media First Quarter twenty twenty five Earnings Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording. At this time, all participants are in listen only mode. A brief question and answer session will follow the formal presentation. With that, I would like to introduce the first speaker for today's call, Claire Yenicay, Executive Vice P ...
Townsquare Media(TSQ) - 2025 Q1 - Earnings Call Presentation
2025-05-08 12:42
Investor Presentation INVESTOR PRESENTATION May 2025 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains, and our other communications may contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements, written, oral or o ...
Townsquare Media (TSQ) Reports Q1 Loss, Lags Revenue Estimates
ZACKS· 2025-05-08 12:20
Townsquare Media (TSQ) came out with a quarterly loss of $0.05 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this operator of radio stations in small and mid-sized markets would post earnings of $0.60 per share when it actually produced earnings of $0.60, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus EP ...
Townsquare Media(TSQ) - 2025 Q1 - Quarterly Report
2025-05-08 10:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission file number 001-36558 Townsquare Media, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpor ...
Townsquare Media(TSQ) - 2025 Q1 - Quarterly Results
2025-05-08 10:03
Mr. Wilson continued, "We are proud of our business model's ability to deliver solid and consistent results, while also producing strong cash flow, even during uncertain times. Sometimes it takes a challenging macroeconomic environment to serve the purpose of highlighting how truly differentiated Townsquare is from others in local media. We have transformed and evolved; we began as a traditional broadcast company and we are now a Digital First Local Media Company. Transformations don't have to require a cha ...
Townsquare Beats Q1 Adjusted EBITDA Guide and Reaffirms Full Year Guidance as a Result of Strong Digital Revenue and Profit Growth
GlobeNewswire News Room· 2025-05-08 10:00
PURCHASE, N.Y., May 08, 2025 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare”, the "Company," "we," "us," or "our") announced today its financial results for the first quarter ended March 31, 2025. “I am pleased to share that Townsquare’s first quarter results met or exceeded our previously issued guidance, driven by the continued strength of our differentiated digital platform. Additionally, this morning we are reaffirming our 2025 full year guidance for both net revenue and Adjusted EB ...
SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Townsquare Media, Inc. (NYSE: TSQ) and Encourages Long-Term Shareholders to Contact the Firm
GlobeNewswire News Room· 2025-04-21 20:33
Core Viewpoint - Kaskela Law LLC is investigating Townsquare Media, Inc. on behalf of long-term investors due to a significant decline in the company's stock value and potential violations of securities laws or fiduciary duties by the company's officers and directors [1][3]. Stock Performance - Since May 2024, Townsquare Media's stock price has dropped from over $12.00 per share to less than $7.00 per share, representing a decline of over 41% [2]. Legal Investigation - The investigation aims to determine if Townsquare Media and its executives breached securities laws or fiduciary responsibilities in relation to recent corporate actions [3].
Townsquare Media: Weighing Near-Term Worries Against The Long-Term Bull Case
Seeking Alpha· 2025-04-17 15:58
Group 1 - Townsquare Media (NYSE: TSQ) is often misunderstood as a traditional radio stock, but it is primarily a digital advertising play [1] - The company's roots are in radio, yet its business model has evolved to focus significantly on digital advertising [1]
Townsquare Announces Conference Call to Discuss First Quarter 2025 Results
Newsfilter· 2025-04-14 15:00
Company Overview - Townsquare Media, Inc. is a community-focused digital and broadcast media and digital marketing solutions company primarily targeting markets outside the top 50 in the U.S. [4] - The company operates Townsquare Ignite, a digital advertising division that utilizes proprietary programmatic advertising technology and a portfolio of over 400 local news and entertainment websites and mobile apps [4]. - Townsquare Interactive provides subscription digital marketing services to small and medium-sized businesses (SMBs), offering a SaaS business management platform, website design, SEO, and other digital services [4]. Upcoming Financial Results - Townsquare Media will release its first quarter 2025 financial results before the market opens on May 8, 2025 [1]. - A conference call to discuss these results will take place on the same day at 8:00 a.m. Eastern Time [1]. - The conference call can be accessed via a dial-in number and will also be available as a live webcast on the company's investor relations page [2].