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 (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 ...

Digital Represents 52% of 1H'24 Total Net Revenue Repurchased $14 Million of Debt and $22 Million of Equity in 1H'24 PURCHASE, N.Y., Aug. 07, 2024 (GLOBE NEWSWIRE) -- 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 revenue improvement, primarily due to our local focus and our ...

Digital Represents 52% of 1H'24 Total Net Revenue Repurchased $14 Million of Debt and $22 Million of Equity in 1H'24 PURCHASE, N.Y., Aug. 07, 2024 (GLOBE NEWSWIRE) -- 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 revenue improvement, primarily due to our local focus and our ...

A telephone replay of the conference call will be available through August 14, 2024. To access the replay, please dial 1-844-512-2921 (U.S. & Canada) or 1-412-317-6671 (International) and enter confirmation code 11156520. A web-based archive of the conference call will also be available on the investor relations page of the Company's website. PURCHASE, N.Y., July 11, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company") announced today that it will release second quarte ...

PURCHASE, N.Y., July 11, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company") announced today that it will release second quarter 2024 financial results before the market opens on Wednesday, August 7, 2024. The Company will host a conference call to discuss certain second quarter 2024 financial results on Wednesday, August 7, 2024 at 8:00 a.m. Eastern Time. The conference call dial-in number is 1-800-343-5172 (U.S. & Canada) or 1-203-518-9856 (International) and the co ...

PURCHASE, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare," or the "Company") announced today their participation at Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on Wednesday, June 26th. The presentation will be held at 11:00 AM Eastern Time and will feature a fireside style Q&A session with questions welcome from the live virtual audience. Scheduled 1x1 meetings with Bill Wilson, Chief Executive Offi ...

About Noble Capital Markets PURCHASE, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare," or the "Company") announced today their participation at Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on Wednesday, June 26th. The presentation will be held at 11:00 AM Eastern Time and will feature a fireside style Q&A session with questions welcome from the live virtual audience. Scheduled 1x1 meetings with Bill ...

Financial Data and Key Metrics Changes - In Q1 2024, net revenue declined 3.4% year-over-year to $99.6 million, within guidance range [17] - Adjusted EBITDA for Q1 2024 decreased 9.9% year-over-year to $17.5 million, also within guidance range [17] - Net income improved from a loss of $1.9 million in Q1 2023 to a profit of $1.6 million in Q1 2024, equating to $0.06 per diluted share [30] Business Line Data and Key Metrics Changes - Broadcast advertising net revenue decreased just 1% in Q1 2024, showing sequential improvement from Q4 [17][21] - Townsquare Interactive's net revenue declined 15% year-over-year but showed less than 5% decline quarter-over-quarter, returning to month-over-month revenue growth in March [12][18] - Digital advertising net revenue increased 1.3% year-over-year in Q1 2024, driven by programmatic advertising growth [19] Market Data and Key Metrics Changes - Political revenue in Q1 2024 was $1.1 million, 20% below Q1 2020 levels, but full-year expectations remain optimistic at $14 million to $16 million [14][17] - National digital advertising revenue declined 29% year-over-year in Q1 2024, with expectations of over 30% decline in Q2 [11][19] Company Strategy and Development Direction - The company is transitioning to a digital-first local media model, with 53% of total net revenue coming from digital solutions [8] - Continued investment in digital growth is emphasized, particularly in programmatic advertising, which is expected to be a major growth driver [10][11] - The company aims to leverage its strong cash flow to support shareholder value through dividends and share repurchases while maintaining a focus on deleveraging [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to growth in Townsquare Interactive, with expectations for quarter-over-quarter revenue growth in Q2 2024 [27][37] - The tone of the advertising market is improving, with expectations for national advertising to stabilize and potentially improve in the coming quarters [44] - The company remains focused on maintaining its competitive advantage in markets outside the top 50 U.S. cities, emphasizing local content and digital capabilities [15][67] Other Important Information - The company repurchased approximately $4 million worth of shares in Q1 2024 and has a strong cash position of $57 million at the end of the quarter [23][31] - The board approved a quarterly dividend of $0.195 per share, reflecting a 5% increase from the previous quarter [32] Q&A Session Summary Question: What is the trajectory of subscriber growth in Townsquare Interactive? - Management noted that subscriber growth is occurring across multiple locations, with significant improvements in customer service and a new business management platform contributing to this growth [27][28] Question: When can the business expect to see quarterly revenue growth? - Management anticipates potential quarter-over-quarter revenue growth in Q2 2024, with year-over-year growth expected in Q1 2025 due to previous subscriber losses [37][41] Question: How is the broadcast business performing in the current environment? - The broadcast business is viewed as a cash cow, with management proud of the market share gains despite a slow decline in overall revenue [39][44] Question: What are the capital allocation priorities moving forward? - The company will continue to focus on deleveraging, supporting dividends, and opportunistically buying back stock while investing in local businesses [45][48]

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, 2024 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 ...