Townsquare Media, Inc. operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through Advertising, Townsquare Interactive, and Live Events segments. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications; and digital advertising services, as well as operates Townsquare Ignite, a digital programmatic advertising platform. It also offers digital marketing solutions, such as traditional and mobile-enabled Website development and hosting services, e-commerce platforms, search engine and online directory optimization services, online reputation monitoring, and social media and website retargeting services under the Townsquare Interactive brand. Additionally, the company sells tickets, sponsorships, food and other concessions, merchandise, and other ancillary products and services. As of March 16, 2021, the company owned and operated 322 radio stations and approximately 330 local Websites in 67 markets in the United States. It also creates, promotes, and produces live events, including concerts, expositions, and other experiential events. The company was formerly known as Regent Communications, Inc. and changed its name to Townsquare Media, Inc. in May 2010. Townsquare Media, Inc. was founded in 1996 and is headquartered in Purchase, New York.
IPO Year: 2014
Exchange: NYSE
Website: townsquaremedia.com
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
4 - Townsquare Media, Inc. (0001499832) (Issuer)
PURCHASE, N.Y., April 5, 2021 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company") announced today the appointment of Allison Zolot as Senior Vice President and General Counsel, effective April 5, 2021. Ms. Zolot joins the Company from Mayer Brown, LLP where she served as a Senior Associate representing financial institutions, major corporations, and individuals in high profile litigation and regulatory matters. "We are thrilled to have such a talented lawyer join our Company. Allison is a strong and effective leader who will make a great addition to our senior management team. I look forward to working with Allison as we continue to drive long-term growth
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Barrington Research upgraded Townsquare Media from Mkt Perform to Outperform and set a new price target of $15.00
10-Q - Townsquare Media, Inc. (0001499832) (Filer)
8-K - Townsquare Media, Inc. (0001499832) (Filer)
10-Q - Townsquare Media, Inc. (0001499832) (Filer)
8-K - Townsquare Media, Inc. (0001499832) (Filer)
S-8 POS - Townsquare Media, Inc. (0001499832) (Filer)
S-8 - Townsquare Media, Inc. (0001499832) (Filer)
8-K - Townsquare Media, Inc. (0001499832) (Filer)
10-Q - Townsquare Media, Inc. (0001499832) (Filer)
8-K - Townsquare Media, Inc. (0001499832) (Filer)
8-K - Townsquare Media, Inc. (0001499832) (Filer)
Digital Represents 52% of September YTD Total Net RevenueIgnite's Digital Advertising Revenue Growth Accelerates in Q3Repurchased $25 Million of Debt ($36M through October) and $24 Million of Equity in September YTD Period PURCHASE, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the third quarter ended September 30, 2024. "I am pleased to share that Townsquare's net revenue returned to year-over-year growth, driven by sequential improvement across each of our three business segments, due to our local focus and our unique and differentiated digital p
PURCHASE, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare" or the "Company") announced today that it will release third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. The Company will host a conference call to discuss certain third quarter 2024 financial results on Thursday, November 7, 2024 at 10:00 a.m. Eastern Time. The conference call dial-in number is 1-800-717-1738 (U.S. & Canada) or 1-646-307-1865 (International) and the conference ID is "Townsquare". A live webcast of the conference call as well as the press release disclosing the Company's results will be available on the investor relations page of the
PURCHASE, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare" or the "Company"), a leader in digital advertising and marketing solutions focused on markets outside of the Top 50 in the United States, announced today a strategic digital advertising partnership with SummitMedia, LLC, a prominent media company with a market-leading presence in nine U.S. cities (including Birmingham, AL; Greenville, SC; Honolulu, HI; Knoxville, TN; Louisville, KY; Omaha, NE; Richmond, VA; Springfield, MO; and Wichita, KS) that do not overlap with Townsquare's market footprint. Townsquare's Ignite division's market leading, in-house digital advertising solutions have a pro
Digital Represents 52% of 1H'24 Total Net RevenueRepurchased $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 unique and differentiated digital platform. Second quarter net revenue decreased -2.5% year-over-year and Adjusted EBITDA decreased -8.3% year-over-year, both meeting gu
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 conference ID is "Townsquare". A live webcast of the conference call as well as the press release disclosing the Company's results will be available on the investor relations page of the C
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 Officer, Stuart Rosenstein, Chief Financial Officer, and Claire Yenicay, Executive Vice President, Investor Relations are also available for registered, qualified investor attendees. Attende
PURCHASE, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- 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. "I am pleased to share that Townsquare's first quarter results met our previously issued guidance, and that we are building momentum and gaining market share, primarily due to our local focus and our unique and differentiated digital platform. First quarter net revenue decreased -3.4% year-over-year and Adjusted EBITDA decreased -9.9% year-over-year, both in-line with our expectations. Our first quarter performance improved over the fourth quarter across each of o
PURCHASE, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) (the "Company" or "Townsquare") announced that that it bought and retired 3.0 million options held by certain members of the management team and board of directors for a net purchase price of $3.62 per option. The purchase price reflects the spread between the closing price on April 3, 2024 of $12.36 and the option strike price of $8.74. The options, all of which were set to expire in July 2024, were granted to members of management and the board at the Company's initial public offering in July 2014 (the "IPO options"). This transaction follows last week's repurchase of 1.5 million shares from MSG at $9.76
PURCHASE, N.Y., April 03, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare" or the "Company") announced today that it will release first quarter 2024 financial results before the market opens on Thursday, May 9, 2024. The Company will host a conference call to discuss certain first quarter 2024 financial results on Thursday, May 9, 2024 at 8:00 a.m. Eastern Time. The conference call dial-in number is 1-888-886-7786 (U.S. & Canada) or 1-416-764-8658 (International) and the confirmation code is 03705452. A live webcast of the conference call as well as the press release disclosing the Company's results will be available on the investor relations page of the Company'
PURCHASE, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) (the "Company" or "Townsquare") announced that today we are repurchasing and retiring 1.5 million shares of Class A common stock held by MSG National Properties, LLC ("MSG"), for $9.76 per share. The purchase price reflects an 11% discount from the closing price of the Class A common stock on March 28, 2024. This transaction follows Townsquare's June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share. The purchase price of $14.6 million was funded entirely with cash on hand
Barrington Research analyst James Goss maintains Townsquare Media (NYSE:TSQ) with a Outperform and maintains $17 price target.
Barrington Research analyst James Goss maintains Townsquare Media (NYSE:TSQ) with a Outperform and maintains $17 price target.
Throughout the last three months, 7 analysts have evaluated Townsquare Media (NYSE:TSQ), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 6 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 1 4 0 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $17.5, a high estimate of $21.00, and a low estimate of $12.50. This upward trend is apparent, with the current aver
Barrington Research analyst James Goss maintains Townsquare Media (NYSE:TSQ) with a Outperform and maintains $17 price target.
Guidance For the second quarter of 2024, net revenue is expected to be between $117.5 million and $119.0 million, and Adjusted EBITDA is expected to be between $26.0 million and $27.0 million. For the full year 2024, net revenue guidance is reaffirmed to be between $440 million and $460 million, and Adjusted EBITDA guidance is reaffirmed to be between $100 million and $110 million.
Guidance For the second quarter of 2024, net revenue is expected to be between $117.5 million and $119.0 million, and Adjusted EBITDA is expected to be between $26.0 million and $27.0 million. For the full year 2024, net revenue guidance is reaffirmed to be between $440 million and $460 million, and Adjusted EBITDA guidance is reaffirmed to be between $100 million and $110 million.
Townsquare Media (NYSE:TSQ) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.05 by 40 percent. The company reported quarterly sales of $99.633 million which beat the analyst consensus estimate of $98.638 million by 1.01 percent. This is a 3.37 percent decrease over sales of $103.110 million the same period last year.
As of April 8, 2024, four stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Townsquare Media, Inc. (NYSE:TSQ) On March 15, Townsquare Media posted upbeat quarterl
Barrington Research analyst James Goss maintains Townsquare Media (NYSE:TSQ) with a Outperform and maintains $17 price target.
Noble Capital Markets analyst Michael Kupinski maintains Townsquare Media (NYSE:TSQ) with a Outperform and raises the price target from $20 to $21.
Digital Represents 52% of September YTD Total Net RevenueIgnite's Digital Advertising Revenue Growth Accelerates in Q3Repurchased $25 Million of Debt ($36M through October) and $24 Million of Equity in September YTD Period PURCHASE, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the third quarter ended September 30, 2024. "I am pleased to share that Townsquare's net revenue returned to year-over-year growth, driven by sequential improvement across each of our three business segments, due to our local focus and our unique and differentiated digital p
PURCHASE, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare" or the "Company") announced today that it will release third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. The Company will host a conference call to discuss certain third quarter 2024 financial results on Thursday, November 7, 2024 at 10:00 a.m. Eastern Time. The conference call dial-in number is 1-800-717-1738 (U.S. & Canada) or 1-646-307-1865 (International) and the conference ID is "Townsquare". A live webcast of the conference call as well as the press release disclosing the Company's results will be available on the investor relations page of the
Digital Represents 52% of 1H'24 Total Net RevenueRepurchased $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 unique and differentiated digital platform. Second quarter net revenue decreased -2.5% year-over-year and Adjusted EBITDA decreased -8.3% year-over-year, both meeting gu
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 conference ID is "Townsquare". A live webcast of the conference call as well as the press release disclosing the Company's results will be available on the investor relations page of the C
PURCHASE, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- 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. "I am pleased to share that Townsquare's first quarter results met our previously issued guidance, and that we are building momentum and gaining market share, primarily due to our local focus and our unique and differentiated digital platform. First quarter net revenue decreased -3.4% year-over-year and Adjusted EBITDA decreased -9.9% year-over-year, both in-line with our expectations. Our first quarter performance improved over the fourth quarter across each of o
PURCHASE, N.Y., April 03, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare" or the "Company") announced today that it will release first quarter 2024 financial results before the market opens on Thursday, May 9, 2024. The Company will host a conference call to discuss certain first quarter 2024 financial results on Thursday, May 9, 2024 at 8:00 a.m. Eastern Time. The conference call dial-in number is 1-888-886-7786 (U.S. & Canada) or 1-416-764-8658 (International) and the confirmation code is 03705452. A live webcast of the conference call as well as the press release disclosing the Company's results will be available on the investor relations page of the Company'
PURCHASE, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) (the "Company" or "Townsquare") announced that today we are repurchasing and retiring 1.5 million shares of Class A common stock held by MSG National Properties, LLC ("MSG"), for $9.76 per share. The purchase price reflects an 11% discount from the closing price of the Class A common stock on March 28, 2024. This transaction follows Townsquare's June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share. The purchase price of $14.6 million was funded entirely with cash on hand
PURCHASE, N.Y., March 15, 2024 (GLOBE NEWSWIRE) -- 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 share that Townsquare's fourth quarter results met or exceeded our previously issued guidance, and our full year results met the guidance that we issued at the start of 2023. 2023 net revenue (excluding political) decreased -0.9% year-over-year, and -1.9% in total, to $454.2 million, the second highest revenue amount in Townsquare's history. 2023 Adjusted EBITDA (excluding political) decreased -9.1% year-over-year, and -12.1% in total, to $10
PURCHASE, N.Y. , Feb. 21, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare" or the "Company") announced today that it will release fourth quarter 2023 financial results before the market opens on Friday, March 15, 2024. The Company will host a conference call to discuss certain fourth quarter 2023 financial results on Friday, March 15, 2024 at 8:00 a.m. Eastern Time. The conference call dial-in number is 1-888-886-7786 (U.S. & Canada) or 1-416-764-8658 (International) and the confirmation code is 45395390. A live webcast of the conference call as well as the press release disclosing the Company's results will be available on the investor relations page of the Comp
September YTD Net Revenue Excluding Political Flat Year-Over-YearDigital Represents 52% of September YTD 2023 Total Net Revenue and57% of September YTD 2023 Total Adjusted Operating Income PURCHASE, N.Y., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE:TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the third quarter ended September 30, 2023. "I am pleased to share that Townsquare's third quarter results met our previously issued guidance. In the third quarter, net revenue excluding political revenue declined -4% year-over-year (and decreased -5% year-over-year in total), and Adjusted EBITDA decreased -