Q1 Total Digital Revenue +6.4% YOY and Total Digital Segment Profit +16.2% YOY Digital Represents 57% of Q1 Net Revenue and 62% of Segment Profit
Purchase, NY – May 8, 2025 – Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare”, the “Company,” “we,” “us,” or “our”) announced today its financial results for the first quarter ended March 31, 2025.
“I am pleased to share that Townsquare’s first quarter results met or exceeded our previously issued guidance, driven by the continued strength of our differentiated digital platform. Additionally, this morning we are reaffirming our 2025 full year guidance for both net revenue and Adjusted EBITDA. In the first quarter, net revenue decreased -0.5% year-over-year excluding political, and -1.0% in total, meeting our guidance, and Adjusted EBITDA increased +6.2% year-over-year excluding political, and +3.5% in total, exceeding our guidance. In addition, net income declined $3.1 million year-over-year,” 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, and consistent with our strategy of being a Digital First Local Media Company principally focused on markets outside the Top 50 in the U.S. In the first quarter, Townsquare’s total Digital net revenue increased +6.4% year-over-year, with growth in each of our Digital segments (Digital Advertising net revenue increased +7.6% and Subscription Digital Marketing Solutions net revenue increased +4.2%). In addition, our Digital segments delivered strong Segment Profit growth, which increased +16.2% in total as compared to the prior year, operating at a 25% first quarter profit margin. In total, Digital represented 57% of our total net revenue and 62% of our Segment Profit in the first quarter.”
Mr. Wilson continued, “We are proud of our business model’s ability to deliver solid and consistent results, while also producing strong cash flow, even during uncertain times. Sometimes it takes a challenging macroeconomic environment to serve the purpose of highlighting how truly differentiated Townsquare is from others in local media. We have transformed and evolved; we began as a traditional broadcast company and we are now a Digital First Local Media Company. Transformations don’t have to require a change of fundamental goals. In 2025 we have the same goal that we had when Townsquare was formed in 2010. We want to continue to be best-in-class in entertaining and informing our audiences and communities across all platforms while super-serving our clients and partners with world class marketing and advertising solutions to grow their business and achieve their goals. In a rapidly changing landscape for consumers and local businesses, it has never been more important to embrace transformation and evolution. And that is exactly what the Townsquare Team is doing each and every day and I could not be more proud and appreciative of the team.”
“Lastly, as we previously announced, we successfully completed the refinancing of our debt in February, extending our maturities to 2030 and providing us a long operating runway during which time we expect to reduce net leverage meaningfully. Due to our strong cash generation and recent refinancing, 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 August 1, 2025 to shareholders of record as of the close of business on July 18, 2025. As of the last closing price that reflects a dividend yield of approximately 12%.
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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 www.townsquaremedia.com, www.townsquareinteractive.com, and www.townsquareignite.com.
Investor Relations:
Claire Yenicay
(203) 900-5555
investors@townsquaremedia.com