2023-08-09 06:05:47 ET
- Townsquare Media press release ( NYSE: TSQ ): Q2 Non-GAAP EPS of $0.18.
- Revenue of $121.23M (-0.6% Y/Y) beats by $0.18M .
- Total Digital net revenue increased 3.7%
- Subscription Digital Marketing Solutions (“Townsquare Interactive”) net revenue decreased 7.5%
- Digital Advertising net revenue increased 10.6%
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For the third quarter of 2023, net revenue is expected to be between $115 million and $117 million (-3.0% to -4.7% as compared to the prior year, and -2.2% to -3.9% excluding political revenue), and Adjusted EBITDA is expected to be between $27 million and $28 million.
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For the full year 2023, net revenue guidance is reaffirmed to be between approximately $450 million and $470 million (-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 $0.18, revenue of $121.23M beats by $0.18M