Townsquare Media Reports Q3 Revenue Beat Driven by Digital Growth
Townsquare Media (TSQ) reported third-quarter financial results that exceeded top-line expectations, posting revenue of $110.9 million, a 3.8% increase year-over-year. While Non-GAAP earnings per share met analyst estimates at $0.12, the company saw significant strength in its digital segments. Digital advertising net revenue grew by 12.7%, contributing to an overall 6.0% increase in Total Digital net revenue. Despite these gains, Adjusted EBITDA saw a slight decline of 7.9% when excluding political advertising impacts, though the headline figure showed a 2.7% increase.
Tickers: $TSQ
Topics: digital advertising earnings report EBITDA revenue growth