TOWNSQUARE’S SECOND QUARTER NET REVENUE AND ADJUSTED EBITDA REACH ALL-TIME HIGH WITH NET REVENUE +14% AND ADJUSTED EBITDA +7% YEAR-OVER-YEAR – PR Newswire
June YTD 2022 Digital Revenue and Adjusted Operating Income 50% of Total
Net Leverage Declines to 4.65x
Raising 2022 Guidance
PURCHASE, N.Y., Aug. 2, 2022 /PRNewswire/ — Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare”, the “Company,” “we,” “us,” or “our”) announced today its financial results for the second quarter ended June 30, 2022.
“I am proud to share that the Townsquare Team delivered another quarter of strong revenue and profit growth, and in doing so, we achieved all-time record highs for both net revenue and Adjusted EBITDA. Our performance clearly demonstrates the strength and differentiation of our digital businesses and our legacy broadcast business. Townsquare’s second quarter net revenue increased year-over-year by +14%, exceeding our guidance range, and Adjusted EBITDA increased +7% year-over-year, meeting our guidance range. In addition, our digital revenue growth accelerated from the first quarter (Q1 +16% year-over-year), with second quarter total digital revenue…
The post TOWNSQUARE’S SECOND QUARTER NET REVENUE AND ADJUSTED EBITDA REACH ALL-TIME HIGH WITH NET REVENUE +14% AND ADJUSTED EBITDA +7% YEAR-OVER-YEAR – PR Newswire first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2022/08/02/townsquares-second-quarter-net-revenue-and-adjusted-ebitda-reach-all-time-high-with-net-revenue-14-and-adjusted-ebitda-7-year-over-year-pr-newswire_2022080225671.html
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