Latest news with #TownsquareMedia
Globe and Mail
4 days ago
- Business
- Globe and Mail
Townsquare (TSQ) Q2 Revenue Slips 2%
Key Points GAAP revenue edged past analyst estimates at $115.4 million in Q2 2025, though Net revenue (GAAP) declined 2.3% year-over-year. Digital net revenue became a clear majority, while digital growth slowed to 2.1% in Q2 2025, down from stronger recent quarters. Adjusted (Non-GAAP) EPS missed expectations, coming in at $0.22 versus the $0.26 analyst estimate. These 10 stocks could mint the next wave of millionaires › Townsquare Media (NYSE:TSQ), a local media and digital marketing company focused on mid-sized markets, released its second quarter 2025 earnings on August 6, 2025. The company's most notable news: GAAP revenue modestly exceeded Wall Street expectations, reaching $115.4 million compared to the $114.8 million consensus in Q2 2025. Adjusted earnings per diluted share (EPS, Non-GAAP) missed expectations at $0.22, below the $0.26 analyst estimate for Q2 2025. Net income (GAAP) swung strongly positive, moving from a loss in the prior-year period to a $2.0 million gain in Q2 2025—as Digital business accounted for approximately 52% of company revenue and 50% of segment profit in the first half of 2025. The overall quarter showed ongoing digital transformation, resilient profitability, and progress on leverage reduction, but also signs of slower digital growth, as Townsquare's total digital net revenue growth decelerated from +6.4% year-over-year in Q1 2025 to +4.1% for the first six months of 2025 and continued declines in legacy broadcast revenue, with broadcast advertising net revenue decreasing 9.2% year-over-year in Q2 2025 and for the first half of 2025. Metric Q2 2025 Q2 2025 Estimate Q2 2024 Y/Y Change EPS – Diluted (Non-GAAP) $0.22 $0.26 $0.14 57.1 % Revenue (GAAP) $115.4 million $114.8 million $118.2 million (2.3 %) Adjusted EBITDA (Non-GAAP) $26.4 million $26.2 million 0.8 % Net Income (GAAP) $2.0 million $(48.9 million) n/m Digital Net Revenue $61.3 million $60.0 million 2.2 % Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Company Profile and Key Strategic Areas Townsquare Media operates as a local media, digital marketing, and radio company, but its strategy has increasingly focused on digital products. It serves markets outside the top 50 largest U.S. cities, providing localized digital content, digital advertising, subscription marketing solutions, and broadcasting. The company positions itself as a 'digital first' business, prioritizing growth in digital advertising (the Ignite platform) and subscription marketing solutions (Townsquare Interactive). Recently, the company has worked to shift its revenue mix, moving digital services ahead of traditional broadcast radio. Success now relies on growing digital revenue, maintaining high engagement with local audiences, and leveraging its advantage in markets with fewer large competitors. The company's competitive position outside major media markets and its focus on local content remain central differentiators. Adhering to Federal Communications Commission (FCC) rules and diversifying revenue across business lines are also vital to operations and stability. Quarter in Review: Notable Developments and Segment Trends Digital net revenue grew 2.1% in Q2 2025, now representing 55% of company-wide net revenue in the first half of 2025. While this marked a slowdown versus recent quarters, the digital share both in revenue and profit underscores the strategic shift that is underway. Digital advertising revenue from the Ignite platform rose 2.4% year-over-year in Q2 2025, down from the 8% pace seen in Q1 2025. Subscription digital marketing solutions, delivered through Townsquare Interactive, registered revenue growth of 1.4% in Q2 2025, alongside a pronounced 15.2% jump in segment profit in Q2 2025. Digital segment profit increased 4.3% year-over-year in Q2 2025, with digital-related activities accounted for 56% of segment profit in the first half of 2025. Digital segment margins stood at 27% in the first half of 2025. However, within digital advertising, profit edged down 1.0% in Q2 2025. These results followed a brief dip in customer demand in April 2025, which management linked to heightened economic uncertainty, which rebounded by the latter half of the quarter. Townsquare Interactive's profitability increased sharply in Q1 2025, attributed to efficiencies and operational changes implemented over the past year. The company's legacy broadcast advertising continued to face headwinds. Broadcast ad revenue fell 9.2% in Q2 2025, with segment profit down 8.4% for broadcast advertising in Q2 2025. Management continues to see radio as a cash-generating—if shrinking—business. The focus outside the top 50 markets appears to help dampen some revenue declines as the company takes share in less contested spaces. Other revenue, such as from live events, surged 19.9% in Q2 2025 (GAAP), representing the fastest growth, but remaining a small share of total sales at roughly $5.5 million in Q2 2025. Progress on capital structure continued in the quarter. Townsquare Media repaid $10 million of debt in Q2 2025 and finished Q2 2025 with $467.1 million in outstanding debt and $3.2 million in cash on hand. Net leverage fell slightly to 4.58 times trailing adjusted EBITDA for the twelve months ended June 30, 2025. It maintained a quarterly dividend of $0.20 per share, consistent with prior quarters. Operating cash flow in the first half of 2025 totaled $10.1 million, slightly lower than a year ago. Capital expenditures for the six months ended June 30, 2025, were $8.3 million. Products and Revenue Breakdown Explained The Ignite platform is Townsquare's digital advertising business, offering programmatic—automated and data-driven—buying across online channels such as search, display ads, social media, and video for local businesses. About 60% of segment digital ad revenue came from programmatic in Q1 2025. The Subscription Digital Marketing Solutions segment, Townsquare Interactive, provides software services to small and medium-sized businesses—such as website design, management tools, and online marketing through monthly subscription fees. Each of these areas is targeted toward improving local client engagement and advertising reach in mid-sized markets. Digital revenue streams have surpassed both the company's traditional broadcast radio advertising and smaller 'other' categories, including local events. In Q1 2025, digital advertising comprised 37.3% of net revenue. Subscription digital marketing made up approximately 16% of net revenue in Q2 2025. Broadcast advertising represented 46.3% of total net revenue for the year ended December 31, 2024, and other lines contributed about 5 %. Looking Ahead: Guidance and Key Watch Areas For Q3 2025, management guided to net revenue of $106.5 million to $108.5 million and Adjusted EBITDA is expected to be between $22.0 million and $23.0 million for Q3 2025. For FY2025, Townsquare Media affirmed its outlook, targeting net revenue of $435 million to $440 million and adjusted EBITDA in the $90 million to $94 million range. Both sets of numbers match or slightly narrow the company's prior guidance for Q2 2025 and the full year, indicating management's measured confidence in current trends and spending patterns. Investors will want to monitor the speed of digital growth, which slowed in Q2 2025 after several periods of faster expansion. The shift could be due to maturation, strong prior-year results, or broader uncertainty in economic conditions affecting advertisers. Additionally, the company's cash balance and ongoing leverage will bear watching, especially as dividend payments continue and if advertising demand fluctuates. Townsquare Media continues to pay a quarterly dividend of $0.20 per share. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. 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Yahoo
5 days ago
- Business
- Yahoo
Townsquare Beats Q2 Adjusted EBITDA Guide as Adjusted EBITDA Excluding Political Increases +4% YOY
Digital Represents 55% of 1H'25 Net Revenue and 56% of 1H'25 Segment ProfitRepurchased $10 Million of Debt in Q2'25 and $13 Million of Debt Since the February 2025 Refinancing PURCHASE, N.Y., Aug. 06, 2025 (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, 2025. 'I am pleased to share that Townsquare's second quarter results met or exceeded our previously issued guidance. Due to our robust local presence and holistic set of local and digital marketing solutions available to our local clients, we were able to navigate revenue pressures caused by April's Liberation Day and achieve our total net revenue guidance, while continuing to thoughtfully manage our expense base and deliver Adjusted EBITDA above our second quarter guidance. In the second quarter, net revenue decreased -1.6% year-over-year excluding political, and -2.3% in total, meeting our guidance, and Adjusted EBITDA increased +3.8% year-over-year excluding political, and +0.7% in total, exceeding our guidance. In addition, our second quarter net income improved by $50.9 million year-over-year to $2.0 million,' 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. In the first six months of 2025, Townsquare's total Digital net revenue increased +4.1% year-over-year, with growth in each of our Digital segments (Digital Advertising net revenue increased +4.8% and Subscription Digital Marketing Solutions net revenue increased +2.8%). In addition, our Digital segments delivered strong Segment Profit growth in the first six months of 2025, which increased +9.4% in total as compared to the prior year, operating at a 27% profit margin. In total, Digital represented 55% of our total net revenue and 56% of our total Segment Profit in the first half of the year.' Mr. Wilson continued, 'We are proud that our business model gives us the ability to deliver solid and consistent results, while also producing strong cash flow, which we have been applying towards organic investment in our business and debt paydown, and which we will continue to do for the remainder of the year. Due to our strong cash generation and successful refinancing earlier this year, 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 November 3, 2025 to shareholders of record as of the close of business on October 27, 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. Second Quarter Results* As compared to the second quarter of 2024: Net revenue decreased 2.3%, and 1.6% excluding political Net income (loss) increased $50.9 million from net loss of $48.9 million to net income of $2.0 million Adjusted EBITDA increased 0.7% Total Digital net revenue increased 2.1% Digital Advertising net revenue increased 2.4% Subscription Digital Marketing Solutions ('Townsquare Interactive') net revenue increased 1.4% Total Digital Segment Profit increased 4.3% Digital Advertising Segment Profit decreased 1.0% Subscription Digital Marketing Solutions Segment Profit increased 15.2% Broadcast Advertising net revenue decreased 9.2%, and 7.8% excluding political Net income per diluted share was $0.09 and Adjusted Net Income per diluted share was $0.22 Repaid $9.9 million of our Senior Secured Credit Facility, including $7.0 million of the Revolver and $2.9 million of Term Loan Year-to-Date Highlights* As compared to the six months ended June 30, 2024: Net revenue decreased 1.7%, and 1.1% excluding political Net income (loss) increased $47.8 million from net loss of $47.3 million to net income of $0.5 million Adjusted EBITDA increased 1.8% Total Digital net revenue increased 4.1% Digital Advertising net revenue increased 4.8% Subscription Digital Marketing Solutions net revenue increased 2.8% Total Digital Segment Profit increased 9.4% Digital Advertising Segment Profit increased 4.1% Subscription Digital Marketing Solutions Segment Profit increased 18.6% Broadcast Advertising net revenue decreased 9.2%, and 8.0%, excluding political 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 Repaid $12.9 million of our Senior Secured Credit Facility, including $10.0 million of the Revolver and $2.9 million of Term Loan *See below for discussion of non-GAAP measures. GuidanceFor the third quarter of 2025, net revenue is expected to be between $106.5 million and $108.5 million, and Adjusted EBITDA is expected to be between $22.0 million and $23.0 million. For the full year 2025, net revenue is expected to be between $435 million and $440 million, and Adjusted EBITDA is expected to be between $90 million and $94 million, both within our original guidance RevenueNet revenue for the three months ended June 30, 2025 decreased $2.8 million, or 2.3%, to $115.4 million as compared to $118.2 million in the same period in 2024. Broadcast Advertising net revenue decreased $4.9 million, or 9.2%, as compared to the second quarter of 2024, due to decreases in the purchases of advertising by our clients. This decrease was partially offset by an increase in Digital Advertising net revenue of $1.0 million, or 2.4%, and a $0.3 million, or 1.4%, increase in Subscription Digital Marketing Solutions net revenue, each as compared to the same period in 2024, due to purchases of new advertising, and an increase in Other net revenue of $0.9 million, or 19.9%, due to the performance of certain events. Excluding political revenue of $0.6 million and $1.5 million for the three months ended June 30, 2025 and 2024, respectively, net revenue decreased $1.9 million, or 1.6%, to $114.9 million, Broadcast Advertising net revenue decreased $4.1 million, or 7.8%, to $48.2 million, and Digital Advertising net revenue increased $1.1 million, or 2.5%, to $42.4 million. Net Income (Loss)For the three months ended June 30, 2025, we reported net income of $2.0 million, an increase of $50.9 million as compared to net loss of $48.9 million in the same period last year. The increase was due to a $31.1 million decrease in non-cash impairment charges, a $5.9 million increase in gain on sale and retirement of assets and a $4.5 million decrease in stock-based compensation, partially offset by a $3.4 million increase in interest expense. Adjusted Net Income increased 55.9%, or $1.3 million to $3.6 million, as compared to Adjusted Net Income of $2.3 million for the same period last year. Adjusted EBITDAAdjusted EBITDA for the three months ended June 30, 2025 increased $0.2 million, or 0.7%, to $26.4 million, as compared to $26.2 million in the same period last year. Adjusted EBITDA (Excluding Political) increased $1.0 million, or 3.8%, to $25.9 million, as compared to $25.0 million in the same period last RevenueNet revenue for the six months ended June 30, 2025, decreased $3.7 million, or 1.7%, to $214.1 million as compared to $217.9 million in the same period in 2024. Broadcast Advertising net revenue decreased $9.1 million, or 9.2%, due to decreases in the purchases of advertising by our clients. This decrease was partially offset by an increase in Digital Advertising net revenue of $3.6 million, or 4.8%, an increase in Subscription Digital Marketing Solutions net revenue of $1.0 million, or 2.8%, and an increase in Other net revenue of $0.7 million, or 11.5%, each as compared to the same period a year ago. Excluding political revenue of $1.1 million and $2.5 million for the six months ended June 30, 2025 and 2024, respectively, net revenue decreased $2.3 million, or 1.1% to $213.0 million, Broadcast Advertising net revenue decreased $7.8 million, or 8.0%, to $89.0 million, and Digital Advertising net revenue increased $3.7 million, or 4.9%, to $79.1 million. Net Income (Loss)For the six months ended June 30, 2025, we reported net income of $0.5 million, an increase of $47.8 million as compared to a net loss of $47.3 million in the same period last year. The increase was due to a $32.8 million decrease in non-cash impairment charges, a $5.9 million increase in gain on sale and retirement of assets and a $3.2 million decrease in stock-based compensation. These increases in operating income were partially offset by a $4.8 million decrease in other income (loss) primarily due to a $4.0 million gain on the third-party acquisition of an investee in 2024, a $4.6 million increase in interest expense, and a $1.5 million loss on the early repayment of our 2026 Notes in February 2025. Adjusted Net Income is $2.8 million for both periods. Adjusted EBITDAAdjusted EBITDA for the six months ended June 30, 2025 increased $0.8 million, or 1.8% to $44.6 million, as compared to $43.8 million in the same period last year. Adjusted EBITDA (Excluding Political) increased $2.0 million, or 4.8%, to $43.6 million, as compared to $41.6 million in the same period last year. Liquidity and Capital ResourcesAs of June 30, 2025, we had a total of $3.2 million of cash and cash equivalents and $467.1 million of outstanding indebtedness, representing 4.62x and 4.58x gross and net leverage, respectively, based on Adjusted EBITDA for the twelve months ended June 30, 2025, of $101.2 million. The table below presents a summary, as of August 1, 2025, of our outstanding common stock (net of treasury shares). Security Number Outstanding Description Class A common stock 15,130,156 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 16,445,452 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 second quarter 2025 financial results and 2025 guidance on Wednesday, August 6, 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 August 13, 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 1173163. 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, (gain) loss on repurchases and extinguishment of debt, transaction and business realignment costs, depreciation and amortization, stock-based compensation, impairments, net (gain) loss 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, (gain) loss on repurchases and 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 June 30, 2025, divided by our Adjusted EBITDA for the twelve months ended June 30, 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 (gain) loss on repurchases and extinguishment of debt, transaction costs, net loss (gain) on sale and retirement of assets and investments, business realignment costs and 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) June 30,2025 December 31,2024 ASSETS Current assets: Cash and cash equivalents $ 3,183 $ 32,990 Accounts receivable, net of allowance for credit losses of $3,756 and $3,924, respectively 59,752 60,635 Prepaid expenses and other current assets 13,965 11,822 Total current assets 76,900 105,447 Property and equipment, net 110,273 110,269 Intangible assets, net 158,846 162,156 Goodwill 152,903 152,903 Investments 725 725 Operating lease right-of-use assets 45,191 48,322 Other assets 568 592 Restricted cash 323 — Total assets $ 545,729 $ 580,414 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 9,931 $ 4,451 Current portion of long-term debt 11,750 — Deferred revenue 8,611 9,899 Accrued compensation and benefits 8,758 12,903 Accrued expenses and other current liabilities 26,398 26,572 Operating lease liabilities, current 8,153 9,026 Accrued interest 4,983 13,405 Total current liabilities 78,584 76,256 Long-term debt, net of discount and deferred finance costs of $27,342 and $1,680, respectively 427,971 465,756 Deferred tax liability 15,401 12,500 Operating lease liability, net of current portion 42,207 44,177 Other long-term liabilities 8,658 10,167 Total liabilities 572,821 608,856 Stockholders' deficit: Class A common stock, par value $0.01 per share; 300,000,000 shares authorized; 16,003,264 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 316,168 307,000 Accumulated deficit (335,257 ) (327,819 ) Non-controlling interest 3,027 3,413 Total stockholders' deficit (27,092 ) (28,442 ) Total liabilities and stockholders' deficit $ 545,729 $ 580,414 TOWNSQUARE MEDIA, STATEMENTS OF OPERATIONS(in Thousands, Except Per Share Data)(unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net revenue $ 115,448 $ 118,225 $ 214,123 $ 217,858 Operating costs and expenses: Direct operating expenses, excluding depreciation, amortization, and stock-based compensation 82,829 85,512 158,645 162,407 Depreciation and amortization 4,558 5,014 8,973 9,949 Corporate expenses 6,198 6,482 10,920 11,699 Stock-based compensation 3,790 8,325 7,978 11,195 Transaction and business realignment costs 1,389 1,594 3,827 3,038 Impairment of intangible assets, investments, goodwill and long-lived assets 1,500 32,638 1,500 34,256 Net (gain) loss on sale and retirement of assets (5,866 ) 30 (5,903 ) 44 Total operating costs and expenses 94,398 139,595 185,940 232,588 Operating income (loss) 21,050 (21,370 ) 28,183 (14,730 ) Other expense (income): Interest expense, net 12,652 9,212 22,891 18,243 (Gain) loss on repurchases and extinguishment of debt — (3 ) 1,452 (3 ) Other expense (income), net 100 (546 ) 91 (4,697 ) Income (loss) from operations before tax 8,298 (30,033 ) 3,749 (28,273 ) Income tax provision 6,289 18,825 3,251 19,032 Net income (loss) $ 2,009 $ (48,858 ) $ 498 $ (47,305 ) Net income (loss) attributable to: Controlling interests $ 1,567 $ (49,244 ) $ (415 ) $ (48,108 ) Non-controlling interests 442 386 913 803 Net income (loss) $ 2,009 $ (48,858 ) $ 498 $ (47,305 ) Basic income (loss) per share $ 0.10 $ (3.26 ) $ (0.03 ) $ (3.04 ) Diluted income (loss) per share $ 0.09 $ (3.26 ) $ (0.03 ) $ (3.04 ) Weighted average shares outstanding: Basic 16,225 15,097 16,057 15,829 Diluted 16,509 15,097 16,057 15,829 TOWNSQUARE MEDIA, STATEMENTS OF CASH FLOWS (in Thousands)(unaudited) Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net income (loss) $ 498 $ (47,305 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 8,973 9,949 Amortization of debt discount and deferred financing costs 2,011 990 Non-cash lease income (849 ) (248 ) Net deferred taxes and other 2,901 18,635 Allowance for credit losses 1,869 2,686 Stock-based compensation expense 7,978 11,195 Loss (gain) on extinguishment and repurchase of debt 1,452 (3 ) Trade and barter activity, net (267 ) (575 ) Impairment of intangible assets, investments, goodwill and long-lived assets 1,500 34,256 Net (gain) loss on sale and retirement of assets (5,903 ) 44 Gain on sale of investment — (4,009 ) Unrealized gain on investment — (202 ) Amortization of content rights 739 2,445 Change in content rights liabilities (833 ) (2,464 ) Other 1,391 2,150 Changes in assets and liabilities: Accounts receivable (860 ) (2,857 ) Prepaid expenses and other assets (1,762 ) (527 ) Accounts payable 5,399 (365 ) Accrued expenses (5,892 ) (12,778 ) Accrued interest (8,422 ) (377 ) Other long-term liabilities 206 44 Net cash provided by operating activities 10,129 10,684 Cash flows from investing activities: Purchases of property and equipment (8,265 ) (8,679 ) Net proceeds from sale of assets and investment related transactions 6,349 4,408 Proceeds from insurance recoveries 10 278 Net cash used in investing activities (1,906 ) (3,993 ) Cash flows from financing activities: Repayment and repurchases of 2026 Notes (467,436 ) (13,589 ) Proceeds from Term Loan 446,400 — Repayment of Term Loan (2,938 ) — Deferred financing costs (4,676 ) — Borrowings under the revolving credit facility 10,000 — Repayment of borrowings under the revolving credit facility (10,000 ) — Dividend payments (6,558 ) (6,256 ) Proceeds from stock options exercised 691 4,773 Shares withheld in lieu of employee tax withholding (1,475 ) (35 ) Withholdings for shares issued under the ESPP 289 403 Repurchases of stock — (22,133 ) Cash distribution to non-controlling interests (1,299 ) (1,300 ) Repayments of capitalized obligations (705 ) (1,085 ) Net cash used in financing activities (37,707 ) (39,222 ) Cash and cash equivalents and restricted cash: Net decrease in cash, cash equivalents and restricted cash (29,484 ) (32,531 ) Beginning of period 32,990 61,549 End of period $ 3,506 $ 29,018 TOWNSQUARE MEDIA, STATEMENTS OF CASH FLOWS (continued)(in Thousands)(unaudited) Six Months Ended June 30, 2025 2024 Supplemental Disclosure of Cash Flow Information: Cash payments: Interest $ 29,340 $ 18,244 Income taxes 785 684 Supplemental Disclosure of Non-cash Activities: Dividends declared, but not paid during the period $ 3,519 $ 3,174 Accrued financing costs 849 — Property and equipment acquired in exchange for advertising(1) 522 587 Accrued capital expenditures 212 124 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 $ 6,110 $ 6,094 Right-of-use assets obtained in exchange for operating lease obligations 1,899 3,524 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 3,183 $ 28,511 Restricted cash 323 507 $ 3,506 $ 29,018 (1) Represents total advertising services provided by the Company in exchange for property and equipment during each of the six months ended June 30, 2025 and 2024, respectively. TOWNSQUARE MEDIA, STATEMENTS OF OPERATIONS BY SEGMENT(in Thousands)(unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % Change 2025 2024 % Change Digital Advertising $ 42,538 $ 41,524 2.4 % $ 79,289 $ 75,680 4.8 % Subscription Digital Marketing Solutions 18,767 18,515 1.4 % 37,789 36,768 2.8 % Broadcast Advertising 48,684 53,633 (9.2 )% 89,999 99,088 (9.2 )% Other 5,459 4,553 19.9 % 7,046 6,322 11.5 % Net revenue 115,448 118,225 (2.3 )% 214,123 217,858 (1.7 )% Digital Advertising expenses 31,641 30,515 3.7 % 60,492 57,615 5.0 % Subscription Digital Marketing Solutions Expenses 12,524 13,098 (4.4 )% 25,370 26,295 (3.5 )% Broadcast Advertising expenses 34,007 37,612 (9.6 )% 66,950 72,882 (8.1 )% Other expenses 4,657 4,287 8.6 % 5,833 5,615 3.9 % Direct operating expenses 82,829 85,512 (3.1 )% 158,645 162,407 (2.3 )% Depreciation and amortization 4,558 5,014 (9.1 )% 8,973 9,949 (9.8 )% Corporate expenses 6,198 6,482 (4.4 )% 10,920 11,699 (6.7 )% Stock-based compensation 3,790 8,325 (54.5 )% 7,978 11,195 (28.7 )% Transaction and business realignment costs 1,389 1,594 (12.9 )% 3,827 3,038 26.0 % Impairment of intangible assets, investments, goodwill and long-lived assets 1,500 32,638 (95.4 )% 1,500 34,256 (95.6 )% Net (gain) loss on sale and retirement of assets (5,866 ) 30 ** (5,903 ) 44 ** Total operating costs and expenses 94,398 139,595 (32.4 )% 185,940 232,588 (20.1 )% Operating income (loss) 21,050 (21,370 ) ** 28,183 (14,730 ) ** Other expense (income): Interest expense, net 12,652 9,212 37.3 % 22,891 18,243 25.5 % (Gain) loss on repurchases and extinguishment of debt — (3 ) (100.0 )% 1,452 (3 ) ** Other expense (income), net 100 (546 ) ** 91 (4,697 ) ** Income (loss) from operations before tax 8,298 (30,033 ) ** 3,749 (28,273 ) ** Income tax provision 6,289 18,825 66.6 % 3,251 19,032 82.9 % Net income (loss) $ 2,009 $ (48,858 ) ** $ 498 $ (47,305 ) ** ** not meaningful The following table presents Net revenue by segment and Segment Profit, for the three and six months ended June 30, 2025, and 2024, respectively (in thousands): Three Months Ended June 30, Six Months Ended June 30, (Unaudited) (Unaudited) 2025 2024 % Change 2025 2024 % Change Digital Advertising $ 42,538 $ 41,524 2.4 % $ 79,289 $ 75,680 4.8 % Subscription Digital Marketing Solutions 18,767 18,515 1.4 % 37,789 36,768 2.8 % Digital 61,305 60,039 2.1 % 117,078 112,448 4.1 % Broadcast Advertising 48,684 53,633 (9.2 )% 89,999 99,088 (9.2 )% Other 5,459 4,553 19.9 % 7,046 6,322 11.5 % Net revenue $ 115,448 $ 118,225 (2.3 )% $ 214,123 $ 217,858 (1.7 )% Digital Advertising $ 10,897 $ 11,009 (1.0 )% $ 18,797 $ 18,065 4.1 % Subscription Digital Marketing Solutions 6,243 5,417 15.2 % 12,419 10,473 18.6 % Digital 17,140 16,426 4.3 % 31,216 28,538 9.4 % Broadcast Advertising 14,677 16,021 (8.4 )% 23,049 26,206 (12.0 )% Other 802 266 201.5 % 1,213 707 71.6 % Segment Profit $ 32,619 $ 32,713 (0.3 )% $ 55,478 $ 55,451 0.0 % The following table reconciles Net revenue to Net revenue, excluding political revenue on a GAAP basis by segment for the three and six months ended June 30, 2025, and 2024, respectively (in thousands): Three Months Ended June 30, Six Months Ended June 30, (Unaudited) (Unaudited) 2025 2024 % Change 2025 2024 % Change Digital Advertising $ 42,538 $ 41,524 2.4 % $ 79,289 $ 75,680 4.8 % Subscription Digital Marketing Solutions 18,767 18,515 1.4 % 37,789 36,768 2.8 % Digital 61,305 60,039 2.1 % 117,078 112,448 4.1 % Broadcast Advertising 48,684 53,633 (9.2 )% 89,999 99,088 (9.2 )% Other 5,459 4,553 19.9 % 7,046 6,322 11.5 % Net revenue $ 115,448 $ 118,225 (2.3 )% $ 214,123 $ 217,858 (1.7 )% Digital Advertising political revenue 109 147 (25.9 )% 158 219 (27.9 )% Subscription Digital Marketing Solutions political revenue — — — — — — Broadcast Advertising political revenue 447 1,312 (65.9 )% 965 2,300 (58.0 )% Other political revenue — — — — — — Political revenue $ 556 $ 1,459 (61.9 )% $ 1,123 $ 2,519 (55.4 )% Digital Advertising net revenue (ex. political) 42,429 41,377 2.5 % 79,131 75,461 4.9 % Subscription Digital Marketing Solutions net revenue (ex. political) 18,767 18,515 1.4 % 37,789 36,768 2.8 % Digital net revenue (ex. political) 61,196 59,892 2.2 % 116,920 112,229 4.2 % Broadcast Advertising political net revenue (ex. political) 48,237 52,321 (7.8 )% 89,034 96,788 (8.0 )% Other net revenue (ex. political) 5,459 4,553 19.9 % 7,046 6,322 11.5 % Net revenue (ex. political) $ 114,892 $ 116,766 (1.6 )% $ 213,000 $ 215,339 (1.1 )% The following table reconciles net income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted Net income for the three and six months ended June 30, 2025, and 2024, respectively (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, (Unaudited) 2025 2024 2025 2024 Net income (loss) $ 2,009 $ (48,858 ) $ 498 $ (47,305 ) Income tax provision 6,289 18,825 3,251 19,032 Income (loss) from operations before taxes 8,298 (30,033 ) 3,749 (28,273 ) Transaction and business realignment costs 1,389 1,594 3,827 3,038 Impairment of intangible and long-lived assets 1,500 32,638 1,500 34,256 Net (gain) loss on sale and retirement of assets (5,866 ) 30 (5,903 ) 44 (Gain) loss on repurchases and extinguishment of debt — (3 ) 1,452 (3 ) Gain on sale of investment — — — (4,009 ) Change in fair value of investment — (434 ) — (202 ) Gain on insurance recoveries (6 ) (278 ) (10 ) (278 ) Net income attributable to non-controlling interest, net of income taxes (442 ) (386 ) (913 ) (803 ) Adjusted net income before income taxes 4,873 3,128 3,702 3,770 Income tax provision (1) 1,235 794 938 957 Adjusted Net Income $ 3,638 $ 2,334 $ 2,764 $ 2,813 Adjusted Net Income Per Share: Basic $ 0.22 $ 0.15 $ 0.17 $ 0.18 Diluted $ 0.22 $ 0.14 $ 0.17 $ 0.16 Weighted average shares outstanding: Basic 16,225 15,097 16,057 15,829 Diluted 16,509 17,282 16,689 17,998 (1) Income tax provision for the three and six months ended June 30, 2025 and 2024, respectively, was calculated using the Company's statutory effective tax rate. The following table reconciles net income (loss), 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 and six months ended June 30, 2025, and 2024, respectively (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, (Unaudited) 2025 2024 2025 2024 Net income (loss) $ 2,009 $ (48,858 ) $ 498 $ (47,305 ) Income tax provision 6,289 18,825 3,251 19,032 Interest expense, net 12,652 9,212 22,891 18,243 (Gain) loss on repurchases and extinguishment of debt — (3 ) 1,452 (3 ) Depreciation and amortization 4,558 5,014 8,973 9,949 Stock-based compensation 3,790 8,325 7,978 11,195 Transaction and business realignment costs 1,389 1,594 3,827 3,038 Impairment of intangible and long-lived assets 1,500 32,638 1,500 34,256 Other (a) (5,766 ) (516 ) (5,812 ) (4,653 ) Adjusted EBITDA $ 26,421 $ 26,231 $ 44,558 $ 43,752 Political Adjusted EBITDA (473 ) (1,240 ) (955 ) (2,141 ) Adjusted EBITDA (Excluding Political) $ 25,948 $ 24,991 $ 43,603 $ 41,611 Political Adjusted EBITDA 473 1,240 955 2,141 Net cash paid for interest (11,381 ) (606 ) (29,340 ) (18,244 ) Capital expenditures (3,790 ) (4,251 ) (8,265 ) (8,679 ) Cash paid for taxes (729 ) (672 ) (785 ) (684 ) Adjusted EBITDA Less Interest, Capex and Taxes $ 10,521 $ 20,702 $ 6,168 $ 16,145 (a) Other includes net (gain) loss on sale and retirement of assets and other (income) expense, net. The following table reconciles net income (loss), 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 June 30, 2025 (dollars in thousands): Three Months Ended Twelve Months Ended (Unaudited) September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 June 30, 2025 Net income (loss) $ 11,336 $ 25,041 $ (1,511 ) $ 2,009 $ 36,875 Income tax (benefit) provision (5,129 ) (12,596 ) (3,038 ) 6,289 (14,474 ) Interest expense, net 9,175 8,808 10,239 12,652 40,874 (Gain) loss on repurchases and extinguishment of debt (8 ) 57 1,452 — 1,501 Depreciation and amortization 4,947 4,771 4,415 4,558 18,691 Stock-based compensation 2,867 3,109 4,188 3,790 13,954 Transaction and business realignment costs 645 1,222 2,438 1,389 5,694 Impairment of intangible assets, investments, goodwill and long-lived assets 2,008 1,450 — 1,500 4,958 Other (a) (387 ) (683 ) (46 ) (5,766 ) (6,882 ) Adjusted EBITDA $ 25,454 $ 31,179 $ 18,137 $ 26,421 $ 101,191 (a) Other includes net (gain) loss 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 June 30, 2025, and 2024 (in thousands). Segment Profit represents net revenue less direct operating expenses, excluding depreciation, amortization, and stock-based compensation: Three Months Ended June 30, 2025 (Unaudited) Digital Advertising Subscription Digital Marketing Solutions Broadcast Advertising Other Total Net Revenue $ 42,538 $ 18,767 $ 48,684 $ 5,459 $ 115,448 Direct operating expenses, excluding depreciation, amortization, and stock-based compensation 31,641 12,524 34,007 4,657 82,829 Segment Profit $ 10,897 $ 6,243 $ 14,677 $ 802 $ 32,619 Three Months Ended June 30, 2024 (Unaudited) Digital Advertising Subscription Digital Marketing Solutions Broadcast Advertising Other Total Net Revenue $ 41,524 $ 18,515 $ 53,633 $ 4,553 $ 118,225 Direct operating expenses, excluding depreciation, amortization, and stock-based compensation 30,515 13,098 37,612 4,287 85,512 Segment Profit $ 11,009 $ 5,417 $ 16,021 $ 266 $ 32,713 The following tables provide the calculation of Segment Profit for the six months ended June 30, 2025, and 2024 (in thousands). Segment Profit represents net revenue less direct operating expenses, excluding depreciation, amortization, and stock-based compensation: Six Months Ended June 30, 2025 (Unaudited) Digital Advertising Subscription Digital Marketing Solutions Broadcast Advertising Other Total Net Revenue $ 79,289 $ 37,789 $ 89,999 $ 7,046 $ 214,123 Direct operating expenses, excluding depreciation, amortization, and stock-based compensation 60,492 25,370 66,950 5,833 158,645 Segment Profit $ 18,797 $ 12,419 $ 23,049 $ 1,213 $ 55,478 Six Months Ended June 30, 2024 (Unaudited) Digital Advertising Subscription Digital Marketing Solutions Broadcast Advertising Other Total Net Revenue $ 75,680 $ 36,768 $ 99,088 $ 6,322 $ 217,858 Direct operating expenses, excluding depreciation, amortization, and stock-based compensation 57,615 26,295 72,882 5,615 162,407 Segment Profit $ 18,065 $ 10,473 $ 26,206 $ 707 $ 55,451 Sign in to access your portfolio
Associated Press
5 days ago
- Business
- Associated Press
Townsquare Beats Q2 Adjusted EBITDA Guide as Adjusted EBITDA Excluding Political Increases +4% YOY
Digital Represents 55% of 1H'25 Net Revenue and 56% of 1H'25 Segment Profit Repurchased $10 Million of Debt in Q2'25 and $13 Million of Debt Since the February 2025 Refinancing PURCHASE, N.Y., Aug. 06, 2025 (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, 2025. 'I am pleased to share that Townsquare's second quarter results met or exceeded our previously issued guidance. Due to our robust local presence and holistic set of local and digital marketing solutions available to our local clients, we were able to navigate revenue pressures caused by April's Liberation Day and achieve our total net revenue guidance, while continuing to thoughtfully manage our expense base and deliver Adjusted EBITDA above our second quarter guidance. In the second quarter, net revenue decreased -1.6% year-over-year excluding political, and -2.3% in total, meeting our guidance, and Adjusted EBITDA increased +3.8% year-over-year excluding political, and +0.7% in total, exceeding our guidance. In addition, our second quarter net income improved by $50.9 million year-over-year to $2.0 million,' 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. In the first six months of 2025, Townsquare's total Digital net revenue increased +4.1% year-over-year, with growth in each of our Digital segments (Digital Advertising net revenue increased +4.8% and Subscription Digital Marketing Solutions net revenue increased +2.8%). In addition, our Digital segments delivered strong Segment Profit growth in the first six months of 2025, which increased +9.4% in total as compared to the prior year, operating at a 27% profit margin. In total, Digital represented 55% of our total net revenue and 56% of our total Segment Profit in the first half of the year.' Mr. Wilson continued, 'We are proud that our business model gives us the ability to deliver solid and consistent results, while also producing strong cash flow, which we have been applying towards organic investment in our business and debt paydown, and which we will continue to do for the remainder of the year. Due to our strong cash generation and successful refinancing earlier this year, 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 November 3, 2025 to shareholders of record as of the close of business on October 27, 2025. As of the last closing price that reflects a dividend yield of approximately 12%. Segment Reporting We 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. Second Quarter Results* Year-to-Date Highlights* *See below for discussion of non-GAAP measures. Guidance For the third quarter of 2025, net revenue is expected to be between $106.5 million and $108.5 million, and Adjusted EBITDA is expected to be between $22.0 million and $23.0 million. For the full year 2025, net revenue is expected to be between $435 million and $440 million, and Adjusted EBITDA is expected to be between $90 million and $94 million, both within our original guidance ranges. Quarter EndedJune 30, 2025Compared to the Quarter EndedJune 30, 2024 Net Revenue Net revenue for the three months ended June 30, 2025 decreased $2.8 million, or 2.3%, to $115.4 million as compared to $118.2 million in the same period in 2024. Broadcast Advertising net revenue decreased $4.9 million, or 9.2%, as compared to the second quarter of 2024, due to decreases in the purchases of advertising by our clients. This decrease was partially offset by an increase in Digital Advertising net revenue of $1.0 million, or 2.4%, and a $0.3 million, or 1.4%, increase in Subscription Digital Marketing Solutions net revenue, each as compared to the same period in 2024, due to purchases of new advertising, and an increase in Other net revenue of $0.9 million, or 19.9%, due to the performance of certain events. Excluding political revenue of $0.6 million and $1.5 million for the three months ended June 30, 2025 and 2024, respectively, net revenue decreased $1.9 million, or 1.6%, to $114.9 million, Broadcast Advertising net revenue decreased $4.1 million, or 7.8%, to $48.2 million, and Digital Advertising net revenue increased $1.1 million, or 2.5%, to $42.4 million. Net Income (Loss) For the three months ended June 30, 2025, we reported net income of $2.0 million, an increase of $50.9 million as compared to net loss of $48.9 million in the same period last year. The increase was due to a $31.1 million decrease in non-cash impairment charges, a $5.9 million increase in gain on sale and retirement of assets and a $4.5 million decrease in stock-based compensation, partially offset by a $3.4 million increase in interest expense. Adjusted Net Income increased 55.9%, or $1.3 million to $3.6 million, as compared to Adjusted Net Income of $2.3 million for the same period last year. Adjusted EBITDA Adjusted EBITDA for the three months ended June 30, 2025 increased $0.2 million, or 0.7%, to $26.4 million, as compared to $26.2 million in the same period last year. Adjusted EBITDA (Excluding Political) increased $1.0 million, or 3.8%, to $25.9 million, as compared to $25.0 million in the same period last year. SixMonths EndedJune 30, 2025Compared to theSixMonths EndedJune 30, 2024 Net Revenue Net revenue for the six months ended June 30, 2025, decreased $3.7 million, or 1.7%, to $214.1 million as compared to $217.9 million in the same period in 2024. Broadcast Advertising net revenue decreased $9.1 million, or 9.2%, due to decreases in the purchases of advertising by our clients. This decrease was partially offset by an increase in Digital Advertising net revenue of $3.6 million, or 4.8%, an increase in Subscription Digital Marketing Solutions net revenue of $1.0 million, or 2.8%, and an increase in Other net revenue of $0.7 million, or 11.5%, each as compared to the same period a year ago. Excluding political revenue of $1.1 million and $2.5 million for the six months ended June 30, 2025 and 2024, respectively, net revenue decreased $2.3 million, or 1.1% to $213.0 million, Broadcast Advertising net revenue decreased $7.8 million, or 8.0%, to $89.0 million, and Digital Advertising net revenue increased $3.7 million, or 4.9%, to $79.1 million. Net Income (Loss) For the six months ended June 30, 2025, we reported net income of $0.5 million, an increase of $47.8 million as compared to a net loss of $47.3 million in the same period last year. The increase was due to a $32.8 million decrease in non-cash impairment charges, a $5.9 million increase in gain on sale and retirement of assets and a $3.2 million decrease in stock-based compensation. These increases in operating income were partially offset by a $4.8 million decrease in other income (loss) primarily due to a $4.0 million gain on the third-party acquisition of an investee in 2024, a $4.6 million increase in interest expense, and a $1.5 million loss on the early repayment of our 2026 Notes in February 2025. Adjusted Net Income is $2.8 million for both periods. Adjusted EBITDA Adjusted EBITDA for the six months ended June 30, 2025 increased $0.8 million, or 1.8% to $44.6 million, as compared to $43.8 million in the same period last year. Adjusted EBITDA (Excluding Political) increased $2.0 million, or 4.8%, to $43.6 million, as compared to $41.6 million in the same period last year. Liquidity and Capital Resources As of June 30, 2025, we had a total of $3.2 million of cash and cash equivalents and $467.1 million of outstanding indebtedness, representing 4.62x and 4.58x gross and net leverage, respectively, based on Adjusted EBITDA for the twelve months ended June 30, 2025, of $101.2 million. The table below presents a summary, as of August 1, 2025, of our outstanding common stock (net of treasury shares). Conference Call Townsquare Media, Inc. will host a conference call to discuss certain second quarter 2025 financial results and 2025 guidance on Wednesday, August 6, 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 August 13, 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 1173163. A web-based archive of the conference call will also be available at the above website. 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 Forward-Looking Statements Except 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 Definitions In 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, (gain) loss on repurchases and extinguishment of debt, transaction and business realignment costs, depreciation and amortization, stock-based compensation, impairments, net (gain) loss 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, (gain) loss on repurchases and 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 June 30, 2025, divided by our Adjusted EBITDA for the twelve months ended June 30, 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 (gain) loss on repurchases and extinguishment of debt, transaction costs, net loss (gain) on sale and retirement of assets and investments, business realignment costs and 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 Relations Claire Yenicay (203) 900-5555 [email protected] (1) Represents total advertising services provided by the Company in exchange for property and equipment during each of the six months ended June 30, 2025 and 2024, respectively. ** not meaningful The following table presents Net revenue by segment and Segment Profit, for the three and six months ended June 30, 2025, and 2024, respectively (in thousands): The following table reconciles Net revenue to Net revenue, excluding political revenue on a GAAP basis by segment for the three and six months ended June 30, 2025, and 2024, respectively (in thousands): The following table reconciles net income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted Net income for the three and six months ended June 30, 2025, and 2024, respectively (in thousands, except per share data): (1) Income tax provision for the three and six months ended June 30, 2025 and 2024, respectively, was calculated using the Company's statutory effective tax rate. The following table reconciles net income (loss), 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 and six months ended June 30, 2025, and 2024, respectively (dollars in thousands): (a) Other includes net (gain) loss on sale and retirement of assets and other (income) expense, net. The following table reconciles net income (loss), 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 June 30, 2025 (dollars in thousands): (a) Other includes net (gain) loss 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 June 30, 2025, and 2024 (in thousands). Segment Profit represents net revenue less direct operating expenses, excluding depreciation, amortization, and stock-based compensation: The following tables provide the calculation of Segment Profit for the six months ended June 30, 2025, and 2024 (in thousands). Segment Profit represents net revenue less direct operating expenses, excluding depreciation, amortization, and stock-based compensation:
Martechvibe
5 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 Magnite is an independent sell-side advertising technology provider, enabling publishers to monetise their content across all screens and formats. It offers Magnite Streaming, a singular supply-side platform that merges technology from the Magnite CTV and SpotX platforms. Utilising this functionality, marketers can identify their potential audiences to restructure their targeting strategies. VISIT WEBSITE IBM offers a comprehensive suite of Watson Advertising to agencies and marketers. With Watson Advertising's AI-powered assistant, advertisers can customise their advertisements, based on real-time ad results. It also supports functionalities of cookieless advertising, ad fraud management and brand safety measurements. VISIT WEBSITE Google features a comprehensive list of AI-powered Ad tools under its Google Ads offering. Some of its popular tools include Keywords Planner, Ads Editor, Reach Planner, Ads Mobile App, Insights Finder, Ads API, and Recommendations Page. 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It enables sales and marketing teams to automate user tasks in their applications like the CRM and across any digital channel. VISIT WEBSITE Zendesk is an AI-powered customer feedback software provider, offering customer satisfaction (CSAT) software to businesses across multiple industries. Its marketplace offers 1600+ apps and integrations, enabling marketers to create a complete customer feedback system. VISIT WEBSITE UserVoice provides product feedback management software for SaaS businesses. Its UserVoice Validation tool delivers actionable user insights to inform roadmap strategy. From testing ideas to ensuring satisfaction with released features, it helps research and marketing teams gather quick user feedback throughout the entire product lifecycle. VISIT WEBSITE Twilio provides integrated Mindful Feedback functionality within its Flex offering, enabling marketers to automatically take action based on real-time customer feedback. 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VISIT WEBSITE Qualtrics is an all-in-one customer experience solution provider, offering website & app feedback tools for organisations to collect customer feedback efficiently. Its digital experience analytics capabilities combined with DXA integrations, bring together verbal and behavioural data for in-depth analysis of user feedback. VISIT WEBSITE HubSpot is a one-stop marketing platform, providing customer feedback software under its Service Hub offerings. Its pre-built APIs include net promote score (NPS), customer effort score (CES), and customer satisfaction (CSAT) surveys, allowing marketers to strengthen their customer loyalty strategy. VISIT WEBSITE Medallia is a comprehensive platform, enabling marketers to capture feedback from all customer touch points. Some of its popular feedback management software capabilities include Sense360 for analysing consumer spending, Medallia Video to automatically extract meaningful insights from customer's feedbacks and Agile Research for creating branded surveys in real-time. VISIT WEBSITE Zeotap lets brands integrate, unify, segment and orchestrate customer data, fostering a cookieless future. It offers a 'Non-Customer Entity Data' feature that helps marketers to integrate both customer and non-customer entity data. VISIT WEBSITE Twilio provides, Twilio Segment, an AI-powered CDP, enabling marketers to streamline their personalised customer engagement journeys. It brings together clean, consented customer data for real-time insights with 450+ pre-built connectors. VISIT WEBSITE Syntasa provides data-ready CDP capabilities, equipping marketers with essential tools to prepare their customer data. It offers real-time sentiment analytics capabilities, helping enterprises derive behavioural insights from unified user profiles to foster hyper-personalised experiences. VISIT WEBSITE SAP is a company-wide customer data management platform, helping marketers improve engagement, conversion, and retention. It offers a genAI-powered data model, enabling enterprises to unify their B2B and B2C customers' profiles to reach their personalisation goals. VISIT WEBSITE Oracle is a global database management company, providing CDP solutions, under its flagship product: Oracle Unity. Its AI-powered models enable marketers to create hyper-personsalised campaigns with predictive insights by streamlining real-time customer data from heterogeneous sources. VISIT WEBSITE Growthloop is a composable CDP platform, allowing marketing and sales team to action their data at scale. It offers GrowthLoop Audience Builder, enabling marketers to initiate their lead generation functions. VISIT WEBSITE Adobe Experience Cloud offers a real-time CDP, letting users create high-value audience segments for B2C and B2B use cases across their marketing funnel. It follows a cookieless marketing approach to automatically unify customer data across various online and offline channels in real-time. VISIT WEBSITE ActionIQ is a composable CDP platform that offers audience segmentation, acquisition marketing, and Customer 360 capabilities. It integrates analytical tools, enabling marketers to collect and analyse their first-party customer data at scale. VISIT WEBSITE Zoho CRM leverages automation and comprehensive analytics to empower any sales team, fostering stronger customer loyalty. Ideal for both small businesses and enterprises, this software enables enhanced productivity and tailored solutions through predictive intelligence. VISIT WEBSITE Zendesk offers Zendesk Sell, an easy-to-deploy CRM platform that is simple to deploy and navigate, catering to businesses of any scale. Its mobile-friendly Sell app has the functionalities of geolocation, helping sales and marketing teams. Offering an all-in-one CRM platform, organisations can implement use cases like prospecting, engagement, lead generation and communication capabilities. VISIT WEBSITE SugarCRM is a global CRM software provider, helping marketing, sales, and service teams improve efficiency through automation, data, and intelligence in near real-time. It offers Sugar Market, an all-in-one marketing automation platform that helps marketers to automate their campaign with higher ROI. VISIT WEBSITE Salesforce is a one-stop sales and support CRM software that regularly updates customer records, tracks emails and calls, and creates organised support processes for quicker customer responses. Its simple and scalable infrastructure is ideal for businesses of all sizes. VISIT WEBSITE Pipedrive stands out with its emphasis on automation, tailorability, and seamless integration. Purposefully built to enhance the efficiency and productivity of sales professionals, this CRM solution has an intuitive setup and robust capabilities. It facilitates lead generation, comprehensive sales analytics, and seamless business expansion. VISIT WEBSITE Oracle NetSuite CRM, a component of Oracle's business software suite, is for all midsize and booming businesses that want a comprehensive, integrated CRM solution with ERP capabilities. Using it, customers and partners can directly interact with the platform, freeing the additional work load for their sales team. VISIT WEBSITE Microsoft Dynamics 365 Sales represents a robust cloud-based CRM solution brimming with features such as pipeline assessment, relationship analytics, and conversational intelligence. It utilises AI-powered insights to provide actionable intelligence via predictive analytics, lead scoring and sentiment analysis. VISIT WEBSITE Less Annoying is a CRM software that utilises a straightforward search feature within its contact management system, making it easy to track contacts. It is ideal for small-sized businesses and offers a highly intuitive and user-friendly interface. VISIT WEBSITE Insightly offers CRM software solutions for enterprises looking to understand their audience data across various marketing functions. It integrates seamlessly with third-party apps, streamlining workflow automation, including bulk emailing and report generation. VISIT WEBSITE HubSpot's sleek dashboard with consolidated CRM tools simplify complex customer data, further transforming it into meaningful insights. Complementing typical CRM functionalities, HubSpot provides tailored options, including conversation intelligence and email monitoring. VISIT WEBSITE Apptivo delivers adaptable and web-based CRM solutions, enabling marketing and sales teams to streamline all customer service requirements across various devices and browsers. Despite its focused feature set, it encompasses over 65 interconnected applications alongside a robust sales pipeline management tool, ensuring efficient tracking of potential leads without any downtime. VISIT WEBSITE Sitecore offers composable cloud solutions with its flagship products, Sitecore Experience Platform(XP) and Sitecore Experience Manager (XM). They help marketers to overcome scalability challenges. Some of its features include intuitive visual editing, headless delivery, marketing automation, scalable personalisation, data and machine learning capabilities. VISIT WEBSITE Salesforce Experience Cloud is a platform that helps enterprises link clients, partners, and employees to securely exchange information and documents. Built on its Customer 360 platform, Salesforce's DXP ensures seamless integration with any solution in the Salesforce ecosystem. VISIT WEBSITE Oracle Cloud offers a comprehensive suite of platform-based marketing automation solutions for personalised B2B and B2C automation campaigns. Some of its featured products are Eloqua Marketing Automation, CrowdTwist Loyalty and Engagement, and Unity Customer Data Platform. VISIT WEBSITE Optimizely is a digital experience platform (DXP) provider that offers Optimizely One, an easy-to-use and fully integrated suite. It provides a single, unified workflow with thoughtfully embedded AI and machine-learning algorithms, accelerating work across the entire marketing lifecycle. VISIT WEBSITE OpenText offers a cloud-native, scalable platform for enterprises to streamline their marketing functions. It provides fully composable content management, digital asset management, creative workflows, personalisation, targeting and customer data technologies in one place, ensuring a holistic approach to B2B, B2E and B2C experiences. VISIT WEBSITE Neptune DXP is a PaaS(Platform-as-a-Service) provider, helping marketing teams build custom apps based on modular, reusable application building blocks. The company offers flexible environments to businesses across different verticals, further providing personalised digital solutions at scale. VISIT WEBSITE Magnolia is a composable DXP that comes with no-code connector packs and low-code micro-frameworks for third-party integrations. It also offers an open-source version alongside its commercial plans enabling enterprises to build tailored use cases. 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
Globe and Mail
27-05-2025
- Business
- Globe and Mail
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 Conference Management 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 Markets Established 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 Channelchek Noble 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.
