Revenue Performance - Net revenue for the three months ended September 30, 2024, increased by $0.2 million, or 0.2%, driven by a $1.9 million increase in Digital Advertising net revenue[120]. - Net revenue for the nine months ended September 30, 2024, decreased by $6.3 million, or 1.8%, primarily due to a $7.2 million decrease in Subscription Digital Marketing Solutions net revenue[123]. - Net revenue for the three months ended September 30, 2024, increased by $0.2 million, or 0.2%, compared to the same period in 2023, driven by a $1.9 million increase in Digital Advertising revenue[128]. - Subscription Digital Marketing Solutions net revenue decreased by $1.2 million, or 5.8%, due to a reduction in net subscribers compared to the same period in 2023[128]. - Digital Advertising net revenue increased by $2.7 million, or 2.4%, during the nine months ended September 30, 2024, due to purchases of new advertising[140]. - Net revenue for the nine months ended September 30, 2024, decreased by $6.3 million, or 1.8%, compared to the same period in 2023[140]. Operating Income and Expenses - Operating income for the three months ended September 30, 2024, increased by $25.8 million, primarily due to a $29.0 million decrease in non-cash impairment charges[121]. - Operating income for the nine months ended September 30, 2024, increased by $11.6 million, primarily due to a $29.4 million decrease in non-cash impairment charges[124]. - Total operating costs and expenses for the three months ended September 30, 2024, decreased by $25.5 million, or 20.3%, compared to the same period in 2023[126]. - Total operating costs and expenses for the nine months ended September 30, 2024, decreased by $17.9 million, or 5.1%, compared to the same period in 2023[138]. - Direct operating expenses for the three months ended September 30, 2024, increased by $2.5 million, or 3.0%, primarily due to higher costs in Digital Advertising[129]. - Direct operating expenses for the nine months ended September 30, 2024, increased by $0.9 million, or 0.4%, compared to the same period in 2023[141]. - Digital Advertising direct operating expenses increased by $10.0 million, or 12.9%, due to higher inventory and compensation costs[141]. Segment Performance - Broadcast Advertising reported operating income of $12.7 million for the three months ended September 30, 2024, compared to an operating loss of $13.1 million for the same period in 2023[122]. - Subscription Digital Marketing Solutions reported operating income of $4.4 million, a decrease of $0.9 million from the same period in 2023[122]. - Digital Advertising segment reported operating income of $10.4 million for the three months ended September 30, 2024, a decrease of $1.0 million compared to the same period in 2023[122]. Impairment Charges - The Company recognized a non-cash goodwill impairment charge of $1.7 million for the Live Events reporting unit due to continuing declines in revenue and profit[134]. - Total impairment charges related to FCC licenses were $29.7 million in 2024, down from $48.4 million in 2023[144]. Cash Flow and Debt - Net cash provided by operating activities was $20.6 million for the nine months ended September 30, 2024, down from $39.0 million in 2023[158]. - Net cash used in investing activities was $7.6 million for the nine months ended September 30, 2024, compared to $0.4 million in 2023[159]. - Net cash used in financing activities increased to $52.2 million in 2024 from $44.0 million in 2023, driven by higher stock repurchases and dividend payments[160]. - As of September 30, 2024, the company had $476.7 million of outstanding indebtedness[162]. - The company repurchased an aggregate $24.7 million principal amount of its 2026 Notes below par during the nine months ended September 30, 2024[167]. Accounting and Estimates - Management evaluates significant estimates related to fair value of assets and liabilities, impairment testing, and share-based payment expense[172]. - There have been no material changes to critical accounting policies and estimates as filed in the 2023 Annual Report on Form 10-K[174]. - Actual results may differ from estimates, which could be material to the financial statements[173]. Tax Rate - The effective tax rate for the three months ended September 30, 2024, was approximately 82.6%, compared to 91.9% for the same period in 2023[136]. Stock-Based Compensation - Stock-based compensation expense increased by $0.5 million, or 22.0%, primarily due to expenses recognized for the stock bonus program[130]. - Stock-based compensation expense increased by $7.8 million, or 125.8%, due to cash settlement of options and stock bonus programs[143]. Company Operations - The company operates 349 local terrestrial radio stations in 74 U.S. markets, primarily outside the top 50 markets[107]. - The company’s diversified product offering helps mitigate risks associated with advertising revenue dependency[108].

IMMEDIATE RELEASE TOWNSQUARE RETURNS TO TOTAL AND DIGITAL REVENUE GROWTH IN THE THIRD QUARTER Digital Represents 52% of September YTD Total Net Revenue Ignite's Digital Advertising Revenue Growth Accelerates in Q3 Repurchased $25 Million of Debt ($36M through October) and $24 Million of Equity in September YTD Period Purchase, NY – November 7, 2024 - Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the third quarter ended Septem ...

Digital Represents 52% of September YTD Total Net RevenueIgnite's Digital Advertising Revenue Growth Accelerates in Q3Repurchased $25 Million of Debt ($36M through October) and $24 Million of Equity in September YTD Period PURCHASE, N.Y., Nov. 07, 2024 (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, 2024. “I am pleased to share that Townsquare’s net revenue returned to y ...

PURCHASE, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company") announced today that it will release third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. The Company will host a conference call to discuss certain third quarter 2024 financial results on Thursday, November 7, 2024 at 10:00 a.m. Eastern Time. The conference call dial-in number is 1-800-717-1738 (U.S. & Canada) or 1-646-307-1865 (International) and the c ...

PURCHASE, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company"), a leader in digital advertising and marketing solutions focused on markets outside of the Top 50 in the United States, announced today a strategic digital advertising partnership with SummitMedia, LLC, a prominent media company with a market-leading presence in nine U.S. cities (including Birmingham, AL; Greenville, SC; Honolulu, HI; Knoxville, TN; Louisville, KY; Omaha, NE; Richmond, VA; Sp ...

bymuratdeniz Townsquare Media (NYSE:TSQ) is an "old media" stock offering the appealing combination of a low valuation, high dividend yield, and much stronger long-term prospects than it seems on the surface. That is, at current prices, TSQ stock sports a forward dividend yield of 7.32%. The stock also trades at a discounted valuation relative to its underlying assets. To top it all off, while known mainly as a radio broadcasting company, Townsquare's main business is now digital, not terrestrial radio. Adm ...

Townsquare Media, Inc (NYSE:TSQ) Q2 2024 Results Conference Call August 7, 2024 8:00 AM ET Company Participants Claire Yenicay - EVP of Investor Relations & Corporate Communications Bill Wilson - Chief Executive Officer & Director Stuart Rosenstein - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Capital Markets Jim Goss - Barrington Research Operator Good morning, and welcome to Townsquare Media's Second Quarter 2024 Earnings Call. As a reminder, to ...

Townsquare Media (TSQ) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this operator of radio stations in small and mid-sized markets would post earnings of $0.06 per share when it actually produced earnings of $0.03, delivering a surprise ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.01 par value per share TSQ The New York Stock Exchange ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ...

IMMEDIATE RELEASE TOWNSQUARE DRIVES SEQUENTIAL IMPROVEMENT IN SECOND QUARTER Digital Represents 52% of 1H'24 Total Net Revenue Repurchased $14 Million of Debt and $22 Million of Equity in 1H'24 Purchase, NY – August 7, 2024 - Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the second quarter ended June 30, 2024. "I am pleased to share that Townsquare's momentum is building as demonstrated by another quarter of sequential net re ...