Townsquare Media(TSQ)
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Townsquare Media(TSQ) - 2023 Q1 - Quarterly Report
2023-05-10 20:16
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(TSQ) - 2023 Q1 - Earnings Call Transcript
2023-05-10 15:45
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 ...
Townsquare Media(TSQ) - 2022 Q4 - Annual Report
2023-03-16 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 incorporation ...
Townsquare Media(TSQ) - 2022 Q4 - Earnings Call Transcript
2023-03-09 17:27
Financial Data and Key Metrics Changes - In 2022, net revenue increased by 11% year-over-year, reaching an all-time high of $463 million [5] - Adjusted EBITDA also reached an all-time high of $113.7 million, growing by 8% year-over-year [5][21] - Fourth quarter net revenue increased by 8.8% year-over-year to $120.3 million, which was within the guidance range [20] - Fourth quarter adjusted EBITDA increased by 11% year-over-year to a record high of $28.4 million [21] Business Line Data and Key Metrics Changes - Townsquare Interactive, the subscription digital marketing solutions segment, contributed nearly 20% of total net revenue and adjusted operating income, with net revenue increasing by 10.5% year-over-year to $90.4 million [8][22] - Digital Advertising Solutions segment saw net revenue increase by 20.2% year-over-year for the full year, with profit increasing by 15.7% [22] - Broadcast Advertising net revenue increased approximately 4% year-over-year, but faced significant headwinds in 2023 [23] Market Data and Key Metrics Changes - Digital revenue grew by 16% year-over-year to $231 million, generating $69 million of profit, representing a 30% profit margin [13] - Digital advertising in the U.S. is projected to increase at a CAGR of 8.5% through 2027, growing from 65% of all advertising spend in 2022 to nearly 75% by 2027 [12] Company Strategy and Development Direction - The company is transitioning from a traditional broadcast radio company to a digital-first local media company, with 50% of revenue and profit now coming from digital sources [6][29] - The focus remains on creating high-quality local content and providing effective marketing solutions for local clients [5][29] - The company plans to continue investing in digital product technology and marketing solutions to maintain a competitive advantage [25][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to weather economic downturns better than most due to its digital-first strategy [6][29] - The company anticipates challenges in 2023, particularly in the broadcast segment, but expects digital advertising to continue to drive growth [23][28] - Management highlighted the importance of creating opportunities and adapting to changing market conditions [31] Other Important Information - The Board of Directors approved a dividend of $0.1875 per share, equating to an annual yield of approximately 10% [16][26] - The company ended the year with $43 million in cash and the lowest net leverage in its history at 4.29 times [24][26] Q&A Session Summary Question: Can you break down your thoughts on digital pacings in the first quarter between Ignite and your subscription business? - Management expects Townsquare Interactive revenue to be flat in Q1, while Ignite is projected to grow in the 12% to 14% range [33][34] Question: Are you seeing more competition in the interactive business? - Management indicated that the competition is primarily due to the market environment, and they are continuously working to improve their offerings [35][36] Question: What is the rationale behind the aggressive dividend increase? - The dividend reflects the company's strong cash flow generation and aims to reward shareholders despite the stock price not reflecting the company's performance [53][57]
Townsquare Media(TSQ) - 2022 Q3 - Earnings Call Transcript
2022-11-11 21:31
Townsquare Media, Inc. (NYSE:TSQ) Q3 2022 Results Conference Call November 8, 2022 4:30 PM ET Company Participants Claire Yenicay - Executive Vice President Bill Wilson - CEO and Director Stuart Rosenstein - CFO Conference Call Participants Michael Kupinski - Noble Capital Markets James Goss - Barrington Research Operator Good morning, and welcome to Townsquare Media's Third Quarter 2022 Conference Call. As a reminder, today's call is being recorded. And your participation implies consent to do such recordi ...
Townsquare Media(TSQ) - 2022 Q3 - Earnings Call Presentation
2022-11-11 20:29
townsquare INVESTOR PRESENTATION Investor Presentation November 2022 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES 2 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, ...
Townsquare Media(TSQ) - 2022 Q3 - Quarterly Report
2022-11-09 16:20
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, 2022 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 inco ...
Townsquare Media(TSQ) - 2022 Q2 - Quarterly Report
2022-08-09 20:16
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, 2022 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 ...
Townsquare Media(TSQ) - 2022 Q2 - Earnings Call Transcript
2022-08-02 18:56
Townsquare Media Inc (NYSE:TSQ) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants Claire Yenicay - Executive Vice President Bill Wilson - CEO and Director Stuart Rosenstein - CFO Conference Call Participants Michael Kupinski - Noble Capital Markets Jim Goss - Barrington Research Operator Good morning, and welcome to Townsquare's Second Quarter 2022 Conference Call. As a reminder, today's call is being recorded, and your participation implies consent to do such recording. [Opera ...
Townsquare Media(TSQ) - 2022 Q1 - Earnings Call Transcript
2022-05-14 20:04
Townsquare Media, Inc. (NYSE:TSQ) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET Company Participants Claire Yenicay - EVP of IR Bill Wilson - CEO Stuart Rosenstein - CFO Conference Call Participants Michael Kupinski - NOBLE Capital Markets Jim Goss - Barrington Research Michael Kupinski - NOBLE Capital Markets Jim Goss - Barrington Research Claire Yenicay Thank you, operator, and good morning to everyone. Thank you for joining us today for Townsquare's first quarter financial update. With me on t ...