2023-05-10 06:04:28 ET
- Townsquare Media press release ( NYSE: TSQ ): Q1 Non-GAAP EPS of $0.08 beats by $0.03 .
- Revenue of $103.11M (+2.9% Y/Y) beats by $2.27M .
- Total Digital net revenue increased 8.2%
- Subscription Digital Marketing Solutions ("Townsquare Interactive") net revenue decreased 1.3%
- Digital Advertising net revenue increased 15.4%
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For the second quarter of 2023, net revenue is expected to be between $120 million and $122 million vs $122.35M consensus (-1.6% to +0.1% as compared to the prior year), and Adjusted EBITDA is expected to be between $28 million and $29 million.
For the full year 2023, net revenue guidance is reaffirmed to be between approximately $450 million and $470 million vs $464.65M consensus (-2.8% to +1.5% as compared to the prior year), and Adjusted EBITDA guidance is reaffirmed to be between approximately $100 million and $110 million.
For further details see:
Townsquare Media Non-GAAP EPS of $0.08 beats by $0.03, revenue of $103.11M beats by $2.27M