Townsquare Media(TSQ) Globenewswire·2025-01-21 11:00Core 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]