IMMEDIATE RELEASE TOWNSQUARE ANNOUNCES FIRST QUARTER RESULTS THAT DEMONSTRATE IMPROVEMENT ACROSS ALL BUSINESS SEGMENTS; TOWNSQUARE INTERACTIVE RETURNS TO SUBSCRIBER GROWTH AND MONTH-OVER-MONTH REVENUE GROWTH IN MARCH AND APRIL Digital Represents 53% of First Quarter Total Net Revenue and Adjusted Operating Income Purchase, NY – May 9, 2024 - Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the first quarter ended March 31, 2024. ...

Townsquare Media, Inc. (NYSE:TSQ) Q4 2023 Earnings Conference Call March 15, 2024 8:00 AM ET Company Participants Claire Yenicay - Executive Vice President, Investor Relations and Corporate Communications Bill Wilson - Chief Executive Officer Stuart Rosenstein - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Financial Capital Markets James Goss - Barrington Research Operator Good morning and welcome to Townsquare Media's Fourth Quarter 2023 Confere ...

Digital Revenue and Advertising - Digital revenue reached $232.5 million in 2023, accounting for 51% of total net revenue, compared to $230.8 million and 50% in 2022[38] - Subscription Digital Marketing Solutions segment generated net revenue of $82.2 million in 2023, down from $90.4 million in 2022[39] - Digital Advertising segment, marketed as Townsquare Ignite, generated revenue of $150.3 million in 2023, up from $140.4 million in 2022[42] - Broadcast Advertising segment revenue was $211.7 million in 2023, a decrease from $223.9 million in 2022[45] - Approximately 84% of net revenue was generated from local and regional advertisers across various industries in 2023[51] - No single customer accounted for more than 1% of revenue in 2023, and no advertising category represented more than 20% of revenue[52] - Political advertising revenue is variable and can significantly impact the company's financial performance[107] Digital Audience and Market Position - The company reached 75 million unique visitors per month across its digital platform in 2023, with 44 million social media followers[31] - Digital advertising is projected to grow from 69% of total advertising spend in 2023 to 77% by 2028, positioning the company as a "Digital First" local media company[35] - The total addressable market for Townsquare Interactive is estimated at approximately $32 billion, targeting around 8.8 million small and medium-sized businesses[41] - The company is dependent on retaining its digital audience to maintain its business performance[107] Radio Operations and Market Presence - The company operates 352 radio stations across 74 local markets, all outside the top 50 markets in the U.S.[46] - Terrestrial radio broadcasts reached approximately 84% of American adults ages 18+ each week as of December 2023, consistent since 1970[47] - The company has expanded its local radio station portfolio from 60 to 350 since its founding in 2010, completing more than 10 radio transactions[64] - The company has more than a 35.0% share of radio advertising revenue in many of its markets, which may attract scrutiny from the DOJ regarding future acquisitions[100] Financial Performance and Investments - Capital expenditures for the year ended December 31, 2023, were $15.0 million, representing 3.3% of net revenue[55] - The company plans to continue investing in digital businesses, including Townsquare Interactive and Townsquare Ignite, to drive growth[57] - The company faces risks related to its acquisition strategy, including potential inability to complete future acquisitions due to market conditions[107] - The company has substantial indebtedness, which could adversely impact its financial condition[107] - The company’s future revenue growth may be significantly influenced by its digital lines of business, which face intense competition[107] Employee Relations and Diversity Initiatives - As of December 31, 2023, the company employed 2,159 full and part-time employees, with satisfactory relations reported[77] - The company has established a Black Employee Resource Group (B.E.R.G.) to enhance recruitment, retention, and professional development for Black employees[75] - The company has implemented diversity training for newly hired employees and ongoing training during employment[75] - The company has no employees covered by collective bargaining agreements, indicating a non-unionized workforce[77] Regulatory Compliance and Risks - The company is subject to FCC regulations, which include compliance with ownership limits and public interest obligations[89][97] - The FCC granted all license renewal applications for the company's radio stations in the last renewal cycle, each for a full eight-year term[82] - The company is currently not aware of any facts that would prevent future renewal of its licenses to operate radio stations[82] - The company must adapt to technological changes to remain competitive in the industry[107] - The company is subject to risks associated with FCC regulations, which could materially impair its business if not complied with[110] Community Engagement and Support - The company’s radio stations play a vital role in community support during emergencies, providing critical information and promoting charity events[76] - The company aims to deepen relationships with advertisers to increase its share of advertising spend across various mediums[58] - The company intends to develop new products that foster interaction with audiences and increase monetization opportunities[59]

IMMEDIATE RELEASE TOWNSQUARE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS ANNOUNCES INCREASE IN DIVIDEND Digital Growth and Strong Profit Margins Across Segments Contribute to Strong Cash Flow Growth: Generated $68 Million of Cash Flow from Operations, +35% Year-over-Year Purchase, NY – March 15, 2024 - Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the fourth quarter and year ended December 31, 2023. "I am pleased to s ...

Townsquare Media, Inc. (NYSE:TSQ) Q3 2023 Earnings Conference Call November 9, 2023 8:00 AM ET Company Participants Claire Yenicay - EVP, IR and Corporate Communications Bill Wilson - CEO Stuart Rosenstein - EVP and CFO Conference Call Participants Michael Kupinski - Noble Capital Markets Jim Goss - Barrington Research Associates Operator Good morning, and welcome to Townsquare Media's third-quarter 2023 conference call. As a reminder, today's call is being recorded, and your participation implies consent t ...

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 September 30, 2023 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) Purchase, New York 10577 (Address of ...

Townsquare Media, Inc. (NYSE:TSQ) Q2 2023 Earnings Conference Call August 9, 2023 8:00 AM ET Company Participants Claire Yenicay - Executive Vice President Bill Wilson - Chief Executive Officer 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 2023 Conference Call. As a reminder, today’s call is being recorded and you ...

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 June 30, 2023 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 incorpora ...

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, 2023 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, Inc. (NYSE:TSQ) Q1 2023 Earnings Conference Call May 10, 2023 8:00 AM ET Company Participants Claire Yenicay – Executive Vice President Bill Wilson – Chief Executive Officer Stuart Rosenstein – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Kupinski – Noble Capital Markets Jim Goss – Barrington Research Operator Good morning. And welcome to Townsquare Media’s First Quarter 2023 Conference Call. As a reminder, today’s call is being recorded and you ...