Home Login RADIO ONLINE RSS Facebook
Advertisement

Townsquare Media Tops First Quarter EBITDA Forecasts


Townsquare Media
Townsquare Media

Townsquare Media reported first quarter 2025 financial results that met or exceeded expectations, driven by strength in its digital operations. Despite a slight year-over-year dip in total revenue, the company posted increased profitability and reaffirmed its full-year guidance.

Townsquare's net revenue for the quarter slipped 1.0% year-over-year to $98.7 million, or 0.5% when excluding political advertising. However, Adjusted EBITDA rose 3.5% to $18.1 million-or 6.2% when excluding political revenue-exceeding company forecasts.

CEO Bill Wilson highlighted the performance of Townsquare's digital operations as a key growth driver. "Digital is and will continue to be Townsquare's growth engine," said Wilson. "Our digital net revenue grew 6.4% year-over-year, and digital now represents 57% of our total net revenue and 62% of our segment profit."

By segment, Digital Advertising revenue rose 7.6% to $36.8 million, while Subscription Digital Marketing Solutions (Townsquare Interactive) increased 4.2% to $19.0 million. Combined, digital segments generated a 16.2% increase in profit. In contrast, Broadcast Advertising revenue declined 9.1% to $41.3 million.

Townsquare posted a net loss of $1.5 million for the quarter, compared to net income of $1.6 million a year earlier. The company attributed the decline to one-time factors including a $1.5 million loss on debt redemption and a non-repeating $4.0 million gain in Q1 2024.

Looking ahead, the company reaffirmed its full-year 2025 outlook, projecting net revenue between $435 million and $455 million, and Adjusted EBITDA between $90 million and $98 million. For Q2 2025, Townsquare expects revenue between $114 million and $116 million and Adjusted EBITDA between $25 million and $26 million.

Townsquare also announced a quarterly cash dividend of $0.20 per share, payable August 1, 2025, to shareholders of record as of July 18. Based on the last closing price, this reflects a yield of approximately 12%.

In February, the company completed a major refinancing, issuing a five-year, $490 million credit agreement and redeeming its outstanding $467 million in 2026 Senior Secured Notes. Wilson noted the move provides a "long operating runway" and positions the company to reduce net leverage over time.

"We began as a traditional broadcast company and are now a Digital First Local Media Company," Wilson said. "In a rapidly changing landscape for consumers and local businesses, it has never been more important to embrace transformation and evolution."

Advertisement

Latest Radio Stories

CPB to Wind Down Operations Following Rescissions Bill
Corporation for Public Broadcasting (CPB)
Corporation for Public Broadcasting (CPB)
The Corporation for Public Broadcasting (CPB) announced Friday it will begin the process of winding down operations and preparing for full closure. The decision follows the passage of the Rescissions Act of 2025 (H.R. 4) and the release of the Senate Appropriations Committee's fiscal More

iHeartMedia Launches ''105.3 The Breeze'' in Norfolk
WNOH-FM (105.3 The Breeze) in Norfolk
WNOH-FM (105.3 The Breeze) in Norfolk
iHeartMedia Norfolk has introduced a new format to the Hampton Roads with the launch of "105.3 The Breeze" on WNOH-FM, formerly BIN News. Billed as "Hampton Roads' Relaxing Favorites," the new AC outlet features music from artists such as Adele, Michael Jackson, Elton John, Whitney More

Edison Research Reveals Top 50 U.S. Podcasts for Q2
Edison Research
Edison Research
Edison Research has released its list of the Top 50 podcasts in the U.S. for the second quarter of 2025, based on reach among weekly podcast consumers aged 13 and older. The rankings are derived from Edison Podcast Metrics, which measures audience size through continuous interviews conducted in English and More
Advertisement

Public Radio Music Stations Face Uncertainty Over MLC
Paragon Media Strategies
Paragon Media Strategies
Public radio music stations across the U.S. face growing uncertainty over how they will cover critical music licensing costs (MLC) beyond 2025, according to new reporting from Paragon Media Strategies CEO Mike Henry. While the current licensing agreements that allow public More

Radio Newsrooms Grow for Second Year, Local News Surges
RTDNA
RTDNA
A new survey from the RTDNA and the Newhouse School at Syracuse University shows a continued rise in the number of radio stations producing local news, with 70.5% of all stations surveyed reporting local newscasts -- a 6.3% increase over last year. The annual study, authored by Bob Papper, Keren More

Greg Papa Reveals Cancer Diagnosis, Steps Away from KNBR
Greg Papa
Greg Papa
Greg Papa, longtime Bay Area sports broadcaster and the voice of the San Francisco 49ers, announced today that he has been diagnosed with cancer and is stepping away from his broadcast duties on KNBR in San Francisco and 49ers broadcasts to focus on treatment and recovery. In a statement released Friday, More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement