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Townsquare Forms Strategic Alliance with Renda Media
Townsquare Forms Strategic Alliance with Renda Media

Martechvibe

time7 days ago

  • Business
  • Martechvibe

Townsquare Forms Strategic Alliance with Renda Media

Townsquare will provide Renda Media with access to its digital expertise and resources through the partnership, focusing on tailored, data-led strategies that support local, regional, and national clients. Townsquare Media, Inc. , a digital advertising and marketing solutions company, has announced a strategic digital advertising partnership with Renda Media , a local media company with a presence in six US cities (including Ft. Myers/Naples, FL; Jacksonville, FL; Pittsburgh, PA; Indiana, PA; Greensburg, PA; and Punxsutawney, PA) that do not overlap with Townsquare's market footprint. 'We're excited to partner with Renda Media to bring our market-leading digital advertising solutions to their expansive client base,' said Todd Lawley, President of Townsquare Ignite, the Company's Digital Advertising Division. 'Our success stems from a deep expertise in leveraging our proprietary in-house programmatic platform and data-driven strategies to deliver measurable value.' 'Through this partnership, we look forward to equipping Renda Media with the tools, insights, and proven strategic approach needed to strengthen their digital capabilities and accelerate client growth.' With the addition of Renda Media, Townsquare now works with six media partners, covering 19 additional markets that do not overlap with its existing footprint. Through this partnership, Townsquare will provide Renda Media with access to its digital expertise and resources, focusing on tailored, data-led strategies that support local, regional, and national clients. This will help Renda Media expand its digital advertising business alongside its established broadcast operations. 'Years ago, I heard of a radio company that was getting more involved with the digital business. Through the years, I have watched and admired Townsquare as they grew their digital business into a media leader,' said Tony Renda, Sr., CEO of Renda Media. 'Renda Media is proud to announce our partnership with Townsquare. They bring years of digital experience, knowhow, and professionalism to this partnership.' ALSO READ: Townsquare Partners with Steel City Media The Martechvibe team works with a staff of in-house writers and industry experts. View More Locala's omnichannel advertising platform leverages granular insights and cutting-edge AI to help marketers plan, activate, and measure campaigns that are personalised to the local consumer. It specialises in transforming complex mobility and consumer data into actionable audience insights, fueling advanced media strategies. VISIT WEBSITE Blue Prism is a global software provider, offering ROM 2, an intelligent automation implementation methodology that empowers teams to scale their digital workflow. One of its use cases is sales and marketing solutions, which is powered by artificial intelligence (AI) and machine learning (ML) algorithms. 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VISIT WEBSITE Liferay DXP helps marketers deliver personalised and connected digital experiences across a broad range of channels, including customer portals, websites, intranets, mobile apps, and connected devices. It offers intuitive CMS, user analytics, and site management tools that businesses need to launch, test and optimise digital experiences for faster go-to-market. VISIT WEBSITE Powered by IBM Consulting, IBM iX offers a composable DXP, providing a comprehensive solution to make enterprises' systems future-ready. Utilising its data-driven insights and intelligent workflows, marketers can design and deliver human-centred experiences across the customer lifecycle. VISIT WEBSITE HCL Digital Experience (DX), forms part of a wider HCL Customer Experience (CX) product portfolio, offering core capabilities such as content management, DAM, CDP called Signals, and low-code application development. It provides services in government, life sciences, insurance, financial services, and other verticals. VISIT WEBSITE Contentstack is a headless CMS and Composable Digital Experience Platform (DXP) solution provider that helps marketers gain a competitive edge. It recently launched into Google Cloud Marketplace, and is also available on Microsoft Azure and AWS. It seamlessly enables mid-market brands to adopt its omnichannel campaign engine to drive higher conversions and sales. VISIT WEBSITE Bloomreach Commerce Experience Cloud provides businesses an edge with its modular capabilities: Content Management System (CMS), Discovery features for search and merchandising optimisation, and Engagement tools such as Customer Data Platforms (CDP) for personalisation and analytics. VISIT WEBSITE Adobe Experience Cloud offers a comprehensive set of services specifically designed to address the day-to-day requirements for personalised customer experience at scale. Its platform helps manage different digital content and assets to improve customer satisfaction. Some of its products include Adobe Gen Studio, Experience Manager Sites, Real-time CDP, and Marketo Engage. VISIT WEBSITE Acquia offers DXP solutions, comprising of two main elements: Acquia Drupal Cloud and Acquia Marketing Cloud. It can be accessed in both platform-as-a-service (PaaS) and software-as-a-service (SaaS) with additional components such as Site Factory for multisite management, digital asset management (DAM), CDP, personalisation, and Campaign Studio. VISIT WEBSITE

Townsquare (TSQ) Surges 6.9%: Is This an Indication of Further Gains?
Townsquare (TSQ) Surges 6.9%: Is This an Indication of Further Gains?

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time18-07-2025

  • Business
  • Yahoo

Townsquare (TSQ) Surges 6.9%: Is This an Indication of Further Gains?

Townsquare Media TSQ shares ended the last trading session 6.9% higher at $9.05. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 19.5% gain over the past four weeks. Townsquare is benefiting from the expansion of its programmatic digital advertising services, growth in its subscription-based marketing platform, and partnerships with local media companies across underserved markets. This operator of radio stations in small and mid-sized markets is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $114.77 million, down 2.9% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Townsquare, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TSQ going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Townsquare is a member of the Zacks Broadcast Radio and Television industry. One other stock in the same industry, iHeartMedia IHRT, finished the last trading session 0.5% lower at $1.97. IHRT has returned 11.9% over the past month. For iHeartMedia, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.28. This represents a change of -21.7% from what the company reported a year ago. iHeartMedia currently has a Zacks Rank of #5 (Strong Sell). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Townsquare Media, Inc. (TSQ) : Free Stock Analysis Report iHeartMedia, Inc. (IHRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

Oneonta AM radio station goes off the air
Oneonta AM radio station goes off the air

Yahoo

time11-06-2025

  • General
  • Yahoo

Oneonta AM radio station goes off the air

Once a staple of the Oneonta community, radio station 730 WDOS-AM went off the air earlier this month, according to a Federal Communications Commission filing. A news and sports talk radio format, WDOS broadcasts as CNY News and is owned and operated by Townsquare Media Group. The internet live stream was still broadcasting as of Wednesday, June 11 at According to a report on Townsquare said the station went silent 'due to economic conditions in the market.' Townsquare Market President Robert Wawrzyniec did not immediately return a request for comment. Townsquare continues to maintain a presence in the Central New York area, operating FM stations Classic Hits 103.1 WZOZ, Mix 103.9 WSRK, Star 93.9 WKXZ and country music stations Big Cat 92.1 WDLA and 95.3 WBKT. History of WDOS Once owned by The Daily Star's predecessor company, WDOS-AM signed on at 6 p.m. December 1, 1947, and its sister station WDOS-FM signed on in early May 1948. City historian Mark Simonson said the studios at the time were found on the top floor of the Oneonta Hotel, once a ballroom, to host live bands and other entertainment. The original transmitter was in area of today's Home Depot and currently is located on Swart Hollow Road. WDOS started at a power of 250 watts on 1400 KC with unlimited hours, and later increased power and changed frequency to 730-AM in the 1950s. In 1952, the station moved from downtown to a building at the corner of Chestnut and West streets. In January 1988, the building was demolished because it had structural deterioration. Radio operations moved inside The Daily Star's building next door. Radio personalities featured over the years included 'Big Chuck' D'Imperio, who had a long-running morning radio show; Joe Campbell, called the 'Grand Old Man of Radio;' Ron Shapley, who died last month in Oneonta; and Denny Sullivan, who had a Radio Record Club show at 4:30 p.m. each Tuesday and Thursday in the early days of the station. Ownership of the radio station changed hands several times through the years as mergers happened with other independent stations. Townsquare acquired WDOS in the 1980s.

Townsquare to Participate in Upcoming Investor Conferences
Townsquare to Participate in Upcoming Investor Conferences

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time27-05-2025

  • Business
  • Yahoo

Townsquare to Participate in Upcoming Investor Conferences

PURCHASE, N.Y., May 27, 2025 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ('Townsquare,' or the 'Company') announced today that Bill Wilson, Chief Executive Officer, Stuart Rosenstein, Chief Financial Officer, and Claire Yenicay, Executive Vice President, Investor Relations, will participate in two upcoming investor conferences. Barrington Research Virtual Spring Investment Conference Management will participate in the Barrington Research Virtual Spring Investment Conference on Thursday, May 29, 2025. Management will be available for one-on-one and small group meetings. Noble Capital Markets' Virtual Investor ConferenceManagement will participate in Noble Capital Markets' Emerging Growth Virtual Equity Conference on Wednesday, June 4, 2025. The presentation will be held at 1:30 PM Eastern Time and will feature a fireside style Q&A session with questions welcome from the live virtual audience. Scheduled 1x1 meetings with management are also available for registered, qualified investor attendees. Attendees interested in viewing the live presentation can register for this event, at no cost, here: Virtual Equity Conference Registration. A video webcast of the presentation will be available following the event on the investor relations page of Townsquare's website at and as part of a complete catalog of presentations available on Channelchek, the investor portal created by Noble. The webcast will be archived on the Company's website and on for 90 days following the event. About Townsquare Media, Inc. Townsquare is a community-focused digital and broadcast media and digital marketing solutions company principally focused outside the top 50 markets in the U.S. Townsquare Ignite, our robust digital advertising division, specializes in helping businesses of all sizes connect with their target audience through data-driven, results based strategies, by utilizing a) our proprietary digital programmatic advertising technology stack with an in-house demand and data management platform and b) our owned and operated portfolio of more than 400 local news and entertainment websites and mobile apps along with a network of leading national music and entertainment brands, collecting valuable first party data. Townsquare Interactive, our subscription digital marketing services business, partners with SMBs to help manage their digital presence by providing a SAAS business management platform, website design, creation and hosting, search engine optimization and other digital services. And through our portfolio of local radio stations strategically situated outside the Top 50 markets in the United States, we provide effective advertising solutions for our clients and relevant local content for our audiences. For more information, please visit and About Noble Capital MarketsEstablished in 1984, Noble Capital Markets is an SEC / FINRA registered full-service investment bank and advisory firm with an award-winning research team and proprietary investor distribution platform. We deliver middle market expertise to entrepreneurs, corporations, financial sponsors, and investors. Over the past 40 years, Noble has raised billions of dollars for companies and published more than 45,000 equity research reports. About ChannelchekNoble launched in 2018 – an investor community dedicated exclusively to public emerging growth companies and their industries. Channelchek is the first service to offer institutional-quality research to the public, for FREE at every level without a subscription. More than 7,000 public emerging growth companies are listed on the site, and content including equity research, webcasts, and industry articles. Investor RelationsClaire Yenicay (203) 900-5555investors@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Townsquare Beats Q1 Adjusted EBITDA Guide and Reaffirms Full Year Guidance as a Result of Strong Digital Revenue and Profit Growth
Townsquare Beats Q1 Adjusted EBITDA Guide and Reaffirms Full Year Guidance as a Result of Strong Digital Revenue and Profit Growth

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time08-05-2025

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Townsquare Beats Q1 Adjusted EBITDA Guide and Reaffirms Full Year Guidance as a Result of Strong Digital Revenue and Profit Growth

Q1 Total Digital Revenue +6.4% YOY and Total Digital Segment Profit +16.2% YOY Digital Represents 57% of Q1 Net Revenue and 62% of Segment Profit PURCHASE, N.Y., May 08, 2025 (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, 2025. 'I am pleased to share that Townsquare's first quarter results met or exceeded our previously issued guidance, driven by the continued strength of our differentiated digital platform. Additionally, this morning we are reaffirming our 2025 full year guidance for both net revenue and Adjusted EBITDA. In the first quarter, net revenue decreased -0.5% year-over-year excluding political, and -1.0% in total, meeting our guidance, and Adjusted EBITDA increased +6.2% year-over-year excluding political, and +3.5% in total, exceeding our guidance. In addition, net income declined $3.1 million year-over-year,' commented Bill Wilson, Chief Executive Officer of Townsquare Media, Inc. 'Digital is and will continue to be Townsquare's growth engine, and we believe Townsquare's ability to drive profitable, sustainable digital growth is a key differentiator for our Company, and consistent with our strategy of being a Digital First Local Media Company principally focused on markets outside the Top 50 in the U.S. In the first quarter, Townsquare's total Digital net revenue increased +6.4% year-over-year, with growth in each of our Digital segments (Digital Advertising net revenue increased +7.6% and Subscription Digital Marketing Solutions net revenue increased +4.2%). In addition, our Digital segments delivered strong Segment Profit growth, which increased +16.2% in total as compared to the prior year, operating at a 25% first quarter profit margin. In total, Digital represented 57% of our total net revenue and 62% of our Segment Profit in the first quarter.' Mr. Wilson continued, 'We are proud of our business model's ability to deliver solid and consistent results, while also producing strong cash flow, even during uncertain times. Sometimes it takes a challenging macroeconomic environment to serve the purpose of highlighting how truly differentiated Townsquare is from others in local media. We have transformed and evolved; we began as a traditional broadcast company and we are now a Digital First Local Media Company. Transformations don't have to require a change of fundamental goals. In 2025 we have the same goal that we had when Townsquare was formed in 2010. We want to continue to be best-in-class in entertaining and informing our audiences and communities across all platforms while super-serving our clients and partners with world class marketing and advertising solutions to grow their business and achieve their goals. In a rapidly changing landscape for consumers and local businesses, it has never been more important to embrace transformation and evolution. And that is exactly what the Townsquare Team is doing each and every day and I could not be more proud and appreciative of the team.' 'Lastly, as we previously announced, we successfully completed the refinancing of our debt in February, extending our maturities to 2030 and providing us a long operating runway during which time we expect to reduce net leverage meaningfully. Due to our strong cash generation and recent refinancing, we retain financial flexibility moving forward and we are confident in our ability to build shareholder value for our investors through long-term net revenue, Adjusted EBITDA and cash flow growth, net leverage reduction, and future dividend payments,' concluded Mr. Wilson. The Company announced today that its Board of Directors approved a quarterly cash dividend of $0.20 per share. The dividend will be payable on August 1, 2025 to shareholders of record as of the close of business on July 18, 2025. As of the last closing price that reflects a dividend yield of approximately 12%. Segment ReportingWe have three reportable operating segments, Digital Advertising, Subscription Digital Marketing Solutions, and Broadcast Advertising. The Digital Advertising segment, marketed externally as Townsquare Ignite, includes digital advertising on our digital programmatic advertising platform and our owned and operated digital properties, and our first party data digital management platform. The Subscription Digital Marketing Solutions segment includes our subscription digital marketing solutions business, Townsquare Interactive. The Broadcast Advertising segment includes our local, regional, and national advertising products and solutions delivered via terrestrial radio broadcast, and other miscellaneous revenue that is associated with our broadcast advertising platform. The remainder of our business is reported in the Other category, which includes our live events business. First Quarter Results* As compared to the first quarter of 2024: Net revenue decreased 1.0%, and 0.5% excluding political Net income decreased $3.1 million Adjusted EBITDA increased 3.5% Total Digital net revenue increased 6.4% Digital Advertising net revenue increased 7.6% Subscription Digital Marketing Solutions ('Townsquare Interactive') net revenue increased 4.2% Total Digital Segment Profit increased 16.2% Digital Advertising Segment Profit increased 12.0% Subscription Digital Marketing Solutions Segment Profit increased 22.2% Broadcast Advertising net revenue decreased 9.1%, and 8.3% excluding political Net loss per diluted share was $0.12 and Adjusted Net Loss per diluted share was $0.05 Entered into a five-year $490 million Credit Agreement, including a $470 million senior secured Term Loan Facility and a $20 million Revolving Credit Facility Redeemed all of the Company's outstanding 2026 Senior Secured Notes of $467.4 million GuidanceFor the second quarter of 2025, net revenue is expected to be between $114 million and $116 million, and Adjusted EBITDA is expected to be between $25 million and $26 million. For the full year 2025, net revenue guidance is reaffirmed to be between $435 million and $455 million, and Adjusted EBITDA guidance is reaffirmed to be between $90 million and $98 RevenueNet revenue for the three months ended March 31, 2025 decreased $1.0 million, or 1.0%, to $98.7 million as compared to $99.6 million in the same period in 2024. Broadcast Advertising net revenue decreased $4.1 million, or 9.1%, as compared to the first quarter of 2024. This decrease was partially offset by an increase in our Digital Advertising net revenue of $2.6 million, or 7.6%, and an increase in our Subscription Digital Marketing Solutions net revenue of $0.8 million, or 4.2%, as compared to the same period in 2024. Excluding political revenue of $0.6 million and $1.1 million for the three months ended March 31, 2025 and 2024, respectively, net revenue decreased $0.5 million, or 0.5%, to $98.1 million. Broadcast Advertising net revenue decreased $3.7 million, or 8.3%, to $40.8 million, and Digital Advertising net revenue increased $2.6 million, or 7.7%, to $36.7 million. Net (Loss) IncomeFor the three months ended March 31, 2025, we reported a net loss of $1.5 million, a decrease of $3.1 million as compared to net income of $1.6 million in the same period last year. The decrease was primarily due to a $4.0 million gain upon the acquisition of one of the Company's former investees in a private transaction in 2024, that did not reoccur in 2025, a $1.5 million loss on the redemption of the 2026 Senior Secured Notes, a $1.3 million increase in stock-based compensation and a $1.2 million increase in interest expense, each as compared to the first quarter of 2024. These amounts were partially offset by a $3.2 million decrease in the provision for income taxes and a $1.6 million decrease in non-cash impairment charges. Adjusted Net Income decreased $1.4 million to an Adjusted Net Loss of $0.9 million, as compared to Adjusted Net Income of $0.5 million for the same period last year. Adjusted EBITDAAdjusted EBITDA for the three months ended March 31, 2025 increased $0.6 million, or 3.5%, to $18.1 million, as compared to $17.5 million in the same period last year. Adjusted EBITDA (Excluding Political) increased $1.0 million, or 6.2%, to $17.7 million, as compared to $16.6 million in the same period last year. Liquidity and Capital ResourcesAs of March 31, 2025, we had a total of $5.5 million of cash and cash equivalents and $477.0 million of outstanding indebtedness, representing 4.72x and 4.67x gross and net leverage, respectively, based on Adjusted EBITDA for the twelve months ended March 31, 2025, of $101.0 million. The table below presents a summary, as of May 1, 2025, of our outstanding common stock (net of treasury shares). Security Number Outstanding Description Class A common stock 15,036,210 One vote per share. Class B common stock 815,296 10 votes per share.1 Class C common stock 500,000 No votes.1 Total 16,351,506 1 Each share converts into one share of Class A common stock upon transfer or at the option of the holder, subject to certain conditions, including compliance with FCC rules. Conference CallTownsquare Media, Inc. will host a conference call to discuss certain first quarter 2025 financial results and 2025 guidance on Thursday, May 8, 2025 at 8:00 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 will also be available on the investor relations page of the Company's website at A replay of the conference call will be available through May 15, 2025. To access the replay, please dial 1-844-512-2921 (U.S. and Canada) or 1-412-317-6671 (International) and enter confirmation code 1134601. A web-based archive of the conference call will also be available at the above website. About Townsquare Media, is a community-focused digital and broadcast media and digital marketing solutions company principally focused outside the top 50 markets in the U.S. Townsquare Ignite, our robust digital advertising division, specializes in helping businesses of all sizes connect with their target audience through data-driven, results based strategies, by utilizing a) our proprietary digital programmatic advertising technology stack with an in-house demand and data management platform and b) our owned and operated portfolio of more than 400 local news and entertainment websites and mobile apps along with a network of leading national music and entertainment brands, collecting valuable first party data. Townsquare Interactive, our subscription digital marketing services business, partners with SMBs to help manage their digital presence by providing a SAAS business management platform, website design, creation and hosting, search engine optimization and other digital services. And through our portfolio of local radio stations strategically situated outside the Top 50 markets in the United States, we provide effective advertising solutions for our clients and relevant local content for our audiences. For more information, please visit and Forward-Looking StatementsExcept for the historical information contained in this press release, the matters addressed are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'aim,' 'anticipate,' 'estimate,' 'expect,' 'forecast,' 'outlook,' 'potential,' 'project,' 'projection,' 'plan,' 'intend,' 'seek,' 'believe,' 'may,' 'could,' 'would,' 'will,' 'should,' 'can,' 'can have,' 'likely,' the negatives thereof and other words and terms. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors. While it is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by us include the impact of general economic conditions in the United States, or in the specific markets in which we currently do business including supply chain disruptions, inflation, labor shortages and the effect on advertising activity, industry conditions, including existing competition and future competitive technologies, the popularity of radio as a broadcasting and advertising medium, cancellations, disruptions or postponements of advertising schedules in response to national or world events, our ability to develop and maintain digital technologies and hire and retain technical and sales talent, our dependence on key personnel, our capital expenditure requirements, our continued ability to identify suitable acquisition targets, and consummate and integrate any future acquisitions, legislative or regulatory requirements, risks and uncertainties relating to our leverage and changes in interest rates, our ability to obtain financing at times, in amounts and at rates considered appropriate by us, our ability to access the capital markets as and when needed and on terms that we consider favorable to us and other factors discussed in this section entitled 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in this report and under 'Risk Factors' in our 2024 Annual Report on Form 10-K, for the year ended December 31, 2024, filed with the SEC on March 17, 2025, as well as other risks discussed from time to time in our filings with the SEC. Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. The cautionary statements referred to in this section also should be considered in connection with any subsequent written or oral forward-looking statements that may be issued by us or persons acting on our behalf. The forward-looking statements included in this report are made only as of the date hereof or as of the date specified herein. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Non-GAAP Financial Measures and DefinitionsIn this press release, we refer to Adjusted EBITDA, Adjusted EBITDA (Excluding Political), Adjusted Net Income and Adjusted Net Income Per Share which are financial measures that have not been prepared in accordance with generally accepted accounting principles in the United States ('GAAP'). We define Adjusted EBITDA as net income before the deduction of income taxes, interest expense, net, loss on extinguishment of debt, transaction and business realignment costs, depreciation and amortization, stock-based compensation, impairments, net loss (gain) on sale and retirement of assets and other expense (income) net. We define Adjusted EBITDA (Excluding Political) as Adjusted EBITDA less political net revenue, net of a fifteen percent deduction to account for estimated national representative firm fees, music licensing fees and sales commissions expense. Adjusted Net Income is defined as net income before the deduction of transaction and business realignment costs, impairments, gains on sale of investments, change in fair value of investment, net loss (gain) on sale and retirement of assets, loss on extinguishment of debt and net income attributable to non-controlling interest, net of income taxes stated at the Company's applicable statutory effective tax rate. Adjusted Net Income Per Share is defined as Adjusted Net Income divided by the weighted average shares outstanding. We define Net Leverage as our total outstanding indebtedness, net of our total cash balance as of March 31, 2025, divided by our Adjusted EBITDA for the twelve months ended March 31, 2025. These measures do not represent, and should not be considered as alternatives to or superior to, financial results and measures determined or calculated in accordance with GAAP. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. You should be aware that in the future we may incur expenses or charges that are the same as or similar to some of the adjustments in the presentation, and we do not infer that our future results will be unaffected by unusual or nonrecurring items. In addition, these non-GAAP measures may not be comparable to similarly-named measures reported by other companies. We use Adjusted EBITDA and Adjusted EBITDA (Excluding Political) to facilitate company-to-company operating performance comparisons by backing out potential differences caused by variations in capital structures (affecting interest expense), taxation and the age and book depreciation of facilities and equipment (affecting relative depreciation expense), which may vary for different companies for reasons unrelated to operating performance, and to facilitate year over year comparisons, by backing out the impact of political revenue which varies depending on the election cycle and may be unrelated to operating performance. We use Adjusted Net Income and Adjusted Net Income Per Share to assess total company operating performance on a consistent basis. We use Net Leverage to measure the Company's ability to handle its debt burden. We believe that these measures, when considered together with our GAAP financial results, provide management and investors with a more complete understanding of our business operating results, including underlying trends, by excluding the effects of transaction costs, net loss (gain) on sale and retirement of assets, business realignment costs and certain impairments. Further, while discretionary bonuses for members of management are not determined with reference to specific targets, our board of directors may consider Adjusted EBITDA, Adjusted EBITDA (Excluding Political), Adjusted Net Income, Adjusted Net Income Per Share, and Net Leverage when determining discretionary bonuses. Investor RelationsClaire Yenicay(203) 900-5555investors@ TOWNSQUARE MEDIA, BALANCE SHEETS(in Thousands, Except Share and Per Share Data)(unaudited) March 31,2025 December 31,2024 ASSETS Current assets: Cash and cash equivalents $ 5,528 $ 32,990 Accounts receivable, net of allowance for credit losses of $3,916 and $3,924, respectively 51,597 60,635 Prepaid expenses and other current assets 13,744 11,822 Total current assets 70,869 105,447 Property and equipment, net 111,587 110,269 Intangible assets, net 161,251 162,156 Goodwill 152,903 152,903 Investments 725 725 Operating lease right-of-use assets 46,282 48,322 Other assets 576 592 Restricted cash 323 — Total assets $ 544,516 $ 580,414 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 7,357 $ 4,451 Current portion of long-term debt 11,750 — Deferred revenue 9,537 9,899 Accrued compensation and benefits 6,409 12,903 Accrued expenses and other current liabilities 24,109 26,572 Operating lease liabilities, current 8,551 9,026 Accrued interest 4,897 13,405 Total current liabilities 72,610 76,256 Long-term debt, net of discount and deferred finance costs of $28,591 and $1,680, respectively 436,659 465,756 Deferred tax liability 9,287 12,500 Operating lease liability, net of current portion 43,246 44,177 Other long-term liabilities 9,540 10,167 Total liabilities 571,342 608,856 Stockholders' deficit: Class A common stock, par value $0.01 per share; 300,000,000 shares authorized; 15,999,819 and 15,386,219 shares issued and outstanding, respectively 160 154 Class B common stock, par value $0.01 per share; 50,000,000 shares authorized; 815,296 and 815,296 shares issued and outstanding, respectively 8 8 Class C common stock, par value $0.01 per share; 50,000,000 shares authorized; 500,000 and 500,000 shares issued and outstanding, respectively 5 5 Total common stock 173 167 Treasury stock, at cost; 965,399 and 965,399 shares of Class A common stock, respectively (11,203 ) (11,203 ) Additional paid-in capital 313,625 307,000 Accumulated deficit (333,305 ) (327,819 ) Non-controlling interest 3,884 3,413 Total stockholders' deficit (26,826 ) (28,442 ) Total liabilities and stockholders' deficit $ 544,516 $ 580,414 TOWNSQUARE MEDIA, STATEMENTS OF OPERATIONS(in Thousands, Except Per Share Data)(unaudited) Three Months Ended March 31, 2025 2024 Net revenue $ 98,675 $ 99,633 Operating costs and expenses: Direct operating expenses, excluding depreciation, amortization, and stock-based compensation 75,816 76,895 Depreciation and amortization 4,415 4,935 Corporate expenses 4,722 5,217 Stock-based compensation 4,188 2,870 Transaction and business realignment costs 2,438 1,444 Impairment of intangible and long-lived assets — 1,618 Net (gain) loss on sale and retirement of assets (37 ) 14 Total operating costs and expenses 91,542 92,993 Operating income 7,133 6,640 Other expense (income): Interest expense, net 10,239 9,031 Loss on extinguishment of debt 1,452 — Other income, net (9 ) (4,151 ) (Loss) income from operations before tax (4,549 ) 1,760 Income tax (benefit) provision (3,038 ) 207 Net (loss) income $ (1,511 ) $ 1,553 Net (loss) income attributable to: Controlling interests $ (1,982 ) $ 1,136 Non-controlling interests 471 417 Net (loss) income $ (1,511 ) $ 1,553 Basic (loss) income per share $ (0.12 ) $ 0.07 Diluted (loss) income per share $ (0.12 ) $ 0.06 Weighted average shares outstanding: Basic 15,887 16,562 Diluted 15,887 18,762 TOWNSQUARE MEDIA, STATEMENTS OF CASH FLOWS (in Thousands)(unaudited) Three Months Ended March 31, 2025 2024 Cash flows from operating activities: Net (loss) income $ (1,511 ) $ 1,553 Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 4,415 4,935 Amortization of debt discount and deferred financing costs 762 447 Non-cash lease (income) expense (403 ) 1 Net deferred taxes and other (3,213 ) 8 Allowance for credit losses 1,016 1,260 Stock-based compensation expense 4,188 2,870 Loss on extinguishment of debt 1,452 — Trade and barter activity, net 188 (195 ) Impairment of intangible and long-lived assets — 1,618 Gain on sale of investment — (4,009 ) Unrealized loss on investment — 233 Amortization of content rights 370 1,222 Change in content rights liabilities (391 ) (1,200 ) Other 1,141 1,210 Changes in assets and liabilities: Accounts receivable 7,933 5,390 Prepaid expenses and other assets (1,860 ) 71 Accounts payable 2,446 (513 ) Accrued expenses (8,300 ) (4,589 ) Accrued interest (8,507 ) (8,638 ) Other long-term liabilities 208 (3 ) Net cash (used in) provided by operating activities (66 ) 1,671 Cash flows from investing activities: Purchases of property and equipment (4,475 ) (4,428 ) Proceeds from sale of assets and investment related transactions 127 4,147 Other 4 — Net cash used in investing activities (4,344 ) (281 ) Cash flows from financing activities: Repayment of 2026 Notes (467,436 ) — Proceeds from Term Loan 446,400 — Deferred financing costs (4,646 ) — Borrowings under the revolving credit facility 10,000 — Repayment of borrowings under the revolving credit facility (3,000 ) — Dividend payments (3,148 ) (3,248 ) Proceeds from stock options exercised 658 1,990 Shares withheld in lieu of employee tax withholding (1,432 ) (35 ) Withholdings for shares issued under the ESPP 289 403 Repurchases of stock — (4,299 ) Repayments of capitalized obligations (414 ) (645 ) Net cash used in financing activities (22,729 ) (5,834 ) Cash and cash equivalents and restricted cash: Net decrease in cash, cash equivalents and restricted cash (27,139 ) (4,444 ) Beginning of period 32,990 61,549 End of period $ 5,851 $ 57,105 TOWNSQUARE MEDIA, STATEMENTS OF CASH FLOWS (continued)(in Thousands)(unaudited) Three Months Ended March 31, 2025 2024 Supplemental Disclosure of Cash Flow Information: Cash payments: Interest $ 17,959 $ 17,638 Income taxes 56 12 Supplemental Disclosure of Non-cash Activities: Dividends declared, but not paid during the period $ 3,504 $ 3,158 Accrued financing costs 879 — Property and equipment acquired in exchange for advertising(1) 351 404 Accrued capital expenditures 711 107 Supplemental Disclosure of Cash Flow Information relating to Leases: Cash paid for amounts included in the measurement of operating lease liabilities, included in operating cash flows $ 3,123 $ 3,026 Right-of-use assets obtained in exchange for operating lease obligations 1,046 2,140 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 5,528 $ 56,600 Restricted cash 323 505 $ 5,851 $ 57,105 (1) Represents total advertising services provided by the Company in exchange for property and equipment during each of the three months ended March 31, 2025 and 2024, respectively. TOWNSQUARE MEDIA, STATEMENTS OF OPERATIONS BY SEGMENT(in Thousands)(unaudited) Three Months Ended March 31, 2025 2024 % Change Digital Advertising $ 36,751 $ 34,156 7.6 % Subscription Digital Marketing Solutions 19,022 18,253 4.2 % Broadcast Advertising 41,315 45,455 (9.1) % Other 1,587 1,769 (10.3) % Net revenue 98,675 99,633 (1.0) % Digital Advertising expenses 28,851 27,100 6.5 % Subscription Digital Marketing Solutions Expenses 12,846 13,197 (2.7) % Broadcast Advertising expenses 32,943 35,270 (6.6) % Other expenses 1,176 1,328 (11.4) % Direct operating expenses 75,816 76,895 (1.4) % Depreciation and amortization 4,415 4,935 (10.5) % Corporate expenses 4,722 5,217 (9.5) % Stock-based compensation 4,188 2,870 45.9 % Transaction and business realignment costs 2,438 1,444 68.8 % Impairment of intangible and long-lived assets — 1,618 (100.0) % Net (gain) loss on sale and retirement of assets (37 ) 14 ** Total operating costs and expenses 91,542 92,993 (1.6) % Operating income 7,133 6,640 7.4 % Other expense (income): Interest expense, net 10,239 9,031 13.4 % Loss on extinguishment of debt 1,452 — ** Other income, net (9 ) (4,151 ) (99.8) % (Loss) income from operations before tax (4,549 ) 1,760 ** Income tax (benefit) provision (3,038 ) 207 ** Net (loss) income $ (1,511 ) $ 1,553 ** The following table presents Net revenue by segment and Segment Profit, for the three months ended March 31, 2025, and 2024, respectively (in thousands): Three Months Ended March 31, (Unaudited) 2025 2024 % Change Digital Advertising $ 36,751 $ 34,156 7.6 % Subscription Digital Marketing Solutions 19,022 18,253 4.2 % Digital 55,773 52,409 6.4 % Broadcast Advertising 41,315 45,455 (9.1) % Other 1,587 1,769 (10.3) % Net revenue $ 98,675 $ 99,633 (1.0) % Digital Advertising $ 7,900 $ 7,056 12.0 % Subscription Digital Marketing Solutions 6,176 5,056 22.2 % Digital 14,076 12,112 16.2 % Broadcast Advertising 8,372 10,185 (17.8) % Other 411 441 (6.8) % Segment Profit $ 22,859 $ 22,738 0.5 % The following table reconciles Net revenue to Net revenue, excluding political revenue on a GAAP basis by segment for the three months ended March 31, 2025, and 2024, respectively (in thousands): Three Months Ended March 31, (Unaudited) 2025 2024 % Change Digital Advertising $ 36,751 $ 34,156 7.6 % Subscription Digital Marketing Solutions 19,022 18,253 4.2 % Digital 55,773 52,409 6.4 % Broadcast Advertising 41,315 45,455 (9.1) % Other 1,587 1,769 (10.3) % Net revenue $ 98,675 $ 99,633 (1.0) % Digital Advertising political revenue 49 72 (31.9) % Subscription Digital Marketing Solutions political revenue — — — Broadcast Advertising political revenue 518 988 (47.6) % Other political revenue — — — Political revenue $ 567 $ 1,060 (46.5) % Digital Advertising net revenue (ex. political) 36,702 34,084 7.7 % Subscription Digital Marketing Solutions net revenue (ex. political) 19,022 18,253 4.2 % Digital net revenue (ex. political) 55,724 52,337 6.5 % Broadcast Advertising political net revenue (ex. political) 40,797 44,467 (8.3) % Other net revenue (ex. political) 1,587 1,769 (10.3) % Net revenue (ex. political) $ 98,108 $ 98,573 (0.5) % The following table reconciles net (loss) income, the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted Net Income for the three months ended March 31, 2025, and 2024, respectively (in thousands, except per share data): Three Months Ended March 31, (Unaudited) 2025 2024 Net (loss) income $ (1,511 ) $ 1,553 Income tax (benefit) provision (3,038 ) 207 (Loss) income from operations before taxes (4,549 ) 1,760 Transaction and business realignment costs 2,438 1,444 Impairment of intangible and long-lived assets — 1,618 Net (gain) loss on sale and retirement of assets (37 ) 14 Loss on extinguishment of debt 1,452 — Gain on sale of investment — (4,009 ) Change in fair value of investment — 233 Net income attributable to non-controlling interest, net of income taxes (471 ) (417 ) Adjusted net (loss) income before income taxes (1,167 ) 643 Income tax (benefit) provision (1) (296 ) 163 Adjusted Net (Loss) Income $ (871 ) $ 480 Adjusted Net (Loss) Income Per Share: Basic $ (0.05 ) $ 0.03 Diluted $ (0.05 ) $ 0.03 Weighted average shares outstanding: Basic 15,887 16,562 Diluted 15,887 18,762 (1) Income tax provision for the three months ended March 31, 2025 and 2024, respectively, was calculated using the Company's statutory effective tax rate. The following table reconciles net (loss) income, the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted EBITDA, Adjusted EBITDA (Excluding Political), and Adjusted EBITDA Less Interest, Capex and Taxes for the three months ended March 31, 2025, and 2024, respectively (dollars in thousands): Three Months Ended March 31, (Unaudited) 2025 2024 Net (loss) income $ (1,511 ) $ 1,553 Income tax (benefit) provision (3,038 ) 207 Interest expense, net 10,239 9,031 Loss on extinguishment of debt 1,452 — Depreciation and amortization 4,415 4,935 Stock-based compensation 4,188 2,870 Transaction and business realignment costs 2,438 1,444 Impairment of intangible and long-lived assets — 1,618 Other (a) (46 ) (4,137 ) Adjusted EBITDA $ 18,137 $ 17,521 Political Adjusted EBITDA (482 ) (901 ) Adjusted EBITDA (Excluding Political) $ 17,655 $ 16,620 Political Adjusted EBITDA 482 901 Net cash paid for interest (17,959 ) (17,638 ) Capital expenditures (4,475 ) (4,428 ) Cash paid for taxes (56 ) (12 ) Adjusted EBITDA Less Interest, Capex and Taxes $ (4,353 ) $ (4,557 ) (a) Other includes net (gain) loss on sale and retirement of assets and other income, net. The following table reconciles net (loss) income, the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted EBITDA on a quarterly basis for the twelve months ended March 31, 2025 (dollars in thousands): Three Months Ended Twelve Months Ended (Unaudited) June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 March 31, 2025 Net (loss) income $ (48,858 ) $ 11,336 $ 25,041 $ (1,511 ) $ (13,992 ) Income tax provision (benefit) 18,825 (5,129 ) (12,596 ) (3,038 ) (1,938 ) Interest expense, net 9,212 9,175 8,808 10,239 37,434 (Gain) loss on repurchases and extinguishment of debt (3 ) (8 ) 57 1,452 1,498 Depreciation and amortization 5,014 4,947 4,771 4,415 19,147 Stock-based compensation 8,325 2,867 3,109 4,188 18,489 Transaction and business realignment costs 1,594 645 1,222 2,438 5,899 Impairment of intangible assets, investments, goodwill and long-lived assets 32,638 2,008 1,450 — 36,096 Other (a) (516 ) $ (387 ) (683 ) $ (46 ) (1,632 ) Adjusted EBITDA $ 26,231 $ 25,454 $ 31,179 $ 18,137 $ 101,001 (a) Other includes net loss (gain) on sale and retirement of assets and other (income) expense, net. The following tables provide the calculation of Segment Profit for the three months ended March 31, 2025, and 2024 (in thousands). Segment Profit represents net revenue less direct operating expenses, excluding depreciation, amortization, and stock-based compensation: Three Months Ended March 31, 2025 (Unaudited) Digital Advertising Subscription Digital Marketing Solutions Broadcast Advertising Other Total Net Revenue $ 36,751 $ 19,022 $ 41,315 $ 1,587 $ 98,675 Direct operating expenses, excluding depreciation, amortization, and stock-based compensation 28,851 12,846 32,943 1,176 75,816 Segment Profit $ 7,900 $ 6,176 $ 8,372 $ 411 $ 22,859 Three Months Ended March 31, 2024 (Unaudited) Digital Advertising Subscription Digital Marketing Solutions Broadcast Advertising Other Total Net Revenue $ 34,156 $ 18,253 $ 45,455 $ 1,769 $ 99,633 Direct operating expenses, excluding depreciation, amortization, and stock-based compensation 27,100 13,197 35,270 1,328 76,895 Segment Profit $ 7,056 $ 5,056 $ 10,185 $ 441 $ 22,738Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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