Home Login RADIO ONLINE RSS Facebook
Advertisement

Townsquare Media Previews 2024 Financial Results


Townsquare Media
Townsquare Media

Townsquare Media has released its preliminary estimated financial results for the fourth quarter and full year of 2024, aligning closely with the forecasts made during the third quarter earnings call. The company expects the full year net revenue to fall between $450 million and $452 million, and Adjusted EBITDA to reach approximately $100 million, both figures meeting the upper bounds of their previous guidance.

The fourth quarter saw significant strides in Townsquare's digital divisions, with Townsquare Interactive achieving year-over-year revenue growth and Digital Advertising net revenue soaring beyond 15%, spurred by national digital advertising and robust digital programmatic business. Consequently, digital revenue is projected to represent 52% of the company's total net revenue in 2024, marking a significant shift from its original local broadcast radio origins.

Bill Wilson, CEO of Townsquare Media, commented on the company's trajectory, "Our transformation into a Digital First Local Media Company has not only diversified our revenue streams but also solidified our position as a leader in the local media landscape." He highlighted the expansion of the Media Partnerships division, which provides digital advertising solutions to other local media firms. Recent partnerships, including a new agreement with a local media provider in two non-overlapping markets, are set to further extend Townsquare's digital footprint.

In terms of financial health, Townsquare ended the year with a strong balance sheet, retiring approximately $12 million of Senior Secured Notes in the fourth quarter alone and concluding 2024 with $467 million of debt and $33 million in cash reserves. These moves underscore the company's ability to generate cash and manage liabilities effectively.

Advertisement

Latest Radio Stories

Radio Ad Responders Spend More, Katz Analysis Finds
Katz Radio Group
Katz Radio Group
A new analysis from Katz Radio Group underscores the high value of radio-ad-influenced consumers, revealing they are more likely to spend across multiple categories than both the average U.S. adult and other ad-influenced adults. Drawing from recent Nielsen Scarborough data, Katz More

Saga Communications Q1 2025 Net Revenue Down 4.3%
Saga Communications
Saga Communications
Saga Communications reported a 4.3% decrease in net revenue for the first quarter of 2025, totaling $24.2 million, compared to $25.3 million in the same period last year. The company posted a net loss of $1.6 million for the quarter, matching its Q1 2024 loss, with a diluted loss per More

Entravision Reports 17% Revenue Growth in Q1 2025
Entravision
Entravision
Entravision Communications Corporation reported a 17% year-over-year increase in consolidated net revenue for the first quarter of 2025, driven by strong gains in its Advertising Technology & Services segment. The company's Media segment, however, saw a 10% decline in revenue, contributing to an overall More
Advertisement

Jenny Valliere Returns to Middays on 101.9 The Mix
Jenny Valliere
Jenny Valliere
Jenny (Jenny V) Valliere is shifting back to middays at WTMX-FM (101.9 The Mix) in Chicago, following the exit of longtime host Lisa Allen, who departed the station last month amid staff reductions at Hubbard Radio. Valliere will now be heard weekdays from 10am-2pm while continuing in her role as More

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. More

Audacy Launches its First-Ever National Women's Sports Show
She's Got Next with Jordan Robinson
She's Got Next with Jordan Robinson
Audacy has announced the debut of "She's Got Next with Jordan Robinson," the company's first nationally broadcast radio show devoted exclusively to women's sports. The new program, hosted by journalist Jordan Robinson, will premiere on May 9 across 27 Audacy Sports outlets and will also be available as a 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