Core Insights - Townsquare Media, Inc. reported a net revenue growth of +2.6% year-over-year for Q4 2024, with total digital net revenue increasing by +10.8% [2][11] - The company achieved an Adjusted EBITDA growth of +25.8% year-over-year in Q4 2024, driven by strong performance in digital segments and political revenue [2][11] - Townsquare's digital advertising segment, Townsquare Ignite, saw a net revenue increase of +15.5% year-over-year in Q4 2024 [2][11] Financial Performance - For Q4 2024, net revenue was $117.8 million, up from $114.8 million in Q4 2023, with digital advertising contributing $41.6 million [10][11] - The company reported a net income of $25.0 million for Q4 2024, an increase of $26.9 million compared to a net loss of $1.9 million in the same period last year [12][30] - Adjusted EBITDA for Q4 2024 was $31.2 million, up from $24.8 million in Q4 2023 [13][30] Segment Performance - Digital Advertising segment revenue increased by $5.6 million, or 15.5%, while Subscription Digital Marketing Solutions revenue rose by $0.4 million, or 1.9% in Q4 2024 [10][33] - Broadcast Advertising segment revenue decreased by $2.4 million, or 4.1%, in Q4 2024 [10][33] - For the full year 2024, Digital Advertising revenue increased by $8.3 million, or 5.5%, while Subscription Digital Marketing Solutions revenue decreased by $6.9 million, or 8.4% [14][33] Capital Management - The company repurchased $36 million of Senior Secured Notes and $24 million of common stock in 2024 [2][11] - Townsquare completed a debt refinancing, entering into a new $490 million credit agreement with maturities extended to 2030 [2][11] - The Board of Directors approved a quarterly cash dividend of $0.20 per share, reflecting a +1.3% increase from the previous dividend [3][2] Guidance - For Q1 2025, net revenue is expected to be between $98 million and $100 million, with Adjusted EBITDA projected between $17 million and $18 million [9] - For the full year 2025, net revenue is anticipated to be between $435 million and $455 million, with Adjusted EBITDA expected between $90 million and $98 million [9]

Core Points - Townsquare Media, Inc. will release its fourth quarter 2024 financial results on March 17, 2025, before market opens [1] - A conference call to discuss the financial results will take place on the same day at 8:00 a.m. Eastern Time [1] - The conference call will be accessible via dial-in numbers and a live webcast on the company's investor relations page [2] Company Overview - Townsquare Media is a community-focused digital media and marketing solutions company with a strong presence in local radio stations outside the top 50 U.S. markets [4] - The company operates a subscription digital marketing services business, Townsquare Interactive, which offers website design, SEO, social media management, and other digital services [4] - Townsquare Ignite is the company's digital advertising division, featuring over 400 local news and entertainment websites and a proprietary programmatic advertising technology stack [4] - The company owns 345 local terrestrial radio stations across 74 U.S. markets, focusing on local media brands and national music brands [4]

Core Insights - Townsquare Media, Inc. has announced the promotion of three employees to newly created positions to enhance its management structure and leadership team in response to evolving opportunities in the advertising industry [1][2]. Management Changes - Cristina Cipolla has been promoted to Chief Data Officer (CDO), a role aimed at leveraging data to drive marketing decisions and company strategy. She has been with Townsquare since June 2013 and previously served as Senior Vice President, Data & Analytics [2][4]. - Matt Kiger has been appointed as Chief Revenue Officer, Local Media, focusing on sales initiatives to drive growth across Townsquare's 74 local media markets. He joined the company in March 2012 and has held the position of Senior Vice President, Sales since January 2022 [5][6]. - Kelly Quinn has been promoted to Chief Revenue Officer, Ignite, overseeing the company's programmatic digital advertising solutions. He has been with Townsquare since its inception in May 2010 and also served as Senior Vice President, Sales [7][9]. Company Overview - Townsquare Media operates a community-focused digital media and marketing solutions business, primarily outside the top 50 U.S. markets. Its assets include local radio stations, a subscription digital marketing services business, and a robust digital advertising division [10][11].

Core Insights - Townsquare Media, Inc. has announced a strategic digital advertising partnership with Steel City Media, enhancing its digital advertising capabilities in non-competing markets [1][2] - The partnership aims to leverage Townsquare Ignite's advanced digital advertising solutions to benefit Steel City Media's customer base [2] - Townsquare's digital revenue now constitutes over 50% of its total revenue and profit, indicating a strong focus on digital growth [2] Group 1: Partnership Details - The partnership with Steel City Media follows a previous alliance with SummitMedia, expanding Townsquare's reach into new markets [2] - Townsquare Ignite will provide Steel City Media with customized, data-driven strategies to enhance their digital business alongside their existing broadcast operations [2][3] Group 2: Company Overview - Townsquare Media operates over 400 local news and entertainment websites and mobile apps, along with 345 local terrestrial radio stations in 74 U.S. markets outside the Top 50 [4] - Steel City Media has a strong presence in Pittsburgh and Kansas City, reaching nearly 2 million listeners weekly through its six radio stations [5]

Core Insights - Townsquare Media, Inc. announced preliminary estimated financial results for Q4 and full year 2024, aligning with previous guidance [2] - Full year net revenue is expected to be between $450 million and $452 million, with Q4 net revenue projected between $117 million and $119 million [2] - Adjusted EBITDA for the full year is anticipated to be approximately $100 million, with Q4 expected to be around $31 million [2] Financial Performance - Digital divisions showed strong performance in Q4, with Digital Advertising net revenue growth exceeding +15% year-over-year [2] - Total Q4 Digital revenue is expected to increase approximately +11% year-over-year, representing 52% of Townsquare's net revenue in 2024 [2] - The company repurchased approximately $12 million of Senior Secured Notes in Q4, totaling $36 million for the year, ending with $467 million in debt and $33 million in cash [2] Business Strategy - Townsquare Media is transitioning from a local broadcast radio company to a Digital First Local Media Company, focusing on digital marketing solutions and partnerships [2][3] - The company is expanding its Media Partnerships division, recently entering agreements with local media providers in non-overlapping markets [2] - Townsquare's strategy emphasizes markets outside the Top 50 U.S. cities, enhancing its competitive position in local media [2]

Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclaimers and disclosures related to the author's position and affiliations [1][2]. Group 1 - No stock, option, or similar derivative positions are held by the author in any mentioned companies, nor are there plans to initiate such positions in the next 72 hours [1]. - The article expresses the author's personal opinions and does not involve compensation beyond that from Seeking Alpha [1]. - There is no business relationship with any company whose stock is mentioned in the article [1]. Group 2 - Past performance is noted as not guaranteeing future results, and no specific investment recommendations are provided [2]. - The views expressed may not reflect those of Seeking Alpha as a whole, indicating a diversity of opinions among analysts [2]. - The analysts contributing to the platform may not be licensed or certified by any regulatory body, highlighting the need for caution in interpreting their analyses [2].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Townsquare Media (TSQ) Analysis - Townsquare Media (TSQ) has shown a four-week price change of 0.9%, indicating growing investor interest [4] - TSQ has gained 1.4% over the past 12 weeks, with a beta of 1.36, suggesting it moves 36% more than the market [5] - TSQ holds a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - TSQ has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.35, meaning investors pay 35 cents for each dollar of sales, indicating a reasonable valuation [7] Group 4: Additional Investment Opportunities - Besides TSQ, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategies tailored to help investors find winning stock picks [9]

Core Viewpoint - Townsquare Media (TSQ) shows significant upside potential with a mean price target of $16.83, indicating a 66.1% increase from the current price of $10.13 [1] Price Targets and Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $4.25, where the lowest estimate is $12.50 (23.4% increase) and the highest is $21 (107.3% increase) [2] - A low standard deviation suggests strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Analyst Sentiment and Earnings Estimates - There is increasing optimism among analysts about TSQ's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which correlates with potential stock price increases [9] - The Zacks Consensus Estimate for the current year has risen by 10.3% over the past month, with no negative revisions [10] - TSQ holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - While price targets are a common metric, relying solely on them for investment decisions may not be prudent due to historical inaccuracies in predicting actual stock movements [3][5][8] - Analysts often set optimistic price targets influenced by business relationships, which can lead to inflated expectations [6]

PURCHASE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare,” or the “Company”) announced today that Bill Wilson, Chief Executive Officer, Stuart Rosenstein, Chief Financial Officer, and Claire Yenicay, Executive Vice President, Investor Relations, will participate in upcoming investor conferences. BofA Securities Leveraged Finance Conference Bill Wilson, Stuart Rosenstein, and Claire Yenicay will present at BofA Securities’ Leveraged Finance Conference at The Boca Rato ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companie ...