Townsquare Media Reports Q3 Revenue Growth and Projects $50M in Future Media Partnership Revenue
Townsquare Media (TSQ) reported third-quarter results that exceeded previous guidance, with net revenue increasing by more than 4% year-over-year. Adjusted EBITDA also saw a year-over-year increase of over 3%, demonstrating steady operational performance despite shifting market dynamics. Looking ahead, the company has set an ambitious target to generate $50 million in media partnership revenue within the next four years. To support its long-term strategic goals and preserve approximately $14 million in annual cash flow, Townsquare has decided to suspend its dividend payments.
Tickers: $TSQ
Topics: earnings EBITDA financial performance revenue growth
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Part of the story Townsquare projects $50M of media partnerships revenue within 4 years as it suspends dividend to preserve $14M a year (2 articles)