Q4 24 EPS
$0.60
BEAT +3.45%
Est. $0.58
Q4 24 Revenue
$117.8M
BEAT +1.20%
Est. $116.4M
vs S&P Since Q4 24
-42.9%
TRAILING MARKET
TSQ -9.8% vs S&P +33.1%
Full Year 2024 Results
FY 24 EPS
$1.09
BEAT +1.87%
Est. $1.07
FY 24 Revenue
$451.0M
BEAT +0.31%
Est. $449.6M
Market Reaction
Did TSQ Beat Earnings? Q4 2024 Results
Townsquare Media closed out 2024 on a strong note, posting a fourth-quarter earnings beat that highlighted the accelerating shift in its business toward digital. The local media company reported EPS of $0.60, edging past the $0.58 consensus estimate … Read more Townsquare Media closed out 2024 on a strong note, posting a fourth-quarter earnings beat that highlighted the accelerating shift in its business toward digital. The local media company reported EPS of $0.60, edging past the $0.58 consensus estimate by 3.45%, while revenue of $117.81 million topped expectations of $116.43 million by 1.19% and grew 2.6% year-over-year. The standout driver was the company's digital advertising arm, Townsquare Ignite, which surged 15.5% and helped push total digital net revenue up 10.8%, with digital now accounting for 52% of total net revenue for the full year. Adjusted EBITDA jumped 25.8% to $31.18 million, though a sizable $7.20 million in political advertising revenue provided a meaningful lift that will not repeat in 2025. Management characterized its broadcast segment as a mature cash cow facing structural headwinds, leaning on digital as the primary growth engine; for full-year 2025, Townsquare guided net revenue of $435 million to $455 million and Adjusted EBITDA of $90 million to $98 million.
Key Takeaways
- • Digital Advertising (Townsquare Ignite) net revenue growth of 15.5% in Q4
- • Townsquare Interactive returned to year-over-year revenue growth of 1.9% in Q4
- • Political advertising revenue of $7.2 million in Q4 2024 vs $1.7 million in Q4 2023
- • Non-cash impairment charges decreased $23.4 million year-over-year in Q4
- • Direct operating expenses decreased $3.3 million in Q4
- • Total Digital net revenue represented 52% of total net revenue in 2024
TSQ YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
TSQ Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am pleased to share that Townsquare's performance improved meaningfully throughout 2024, culminating with fourth quarter net revenue growth of +2.6% year-over-year, and Adjusted EBITDA growth of +25.8% year-over-year, driven by the strong sequential improvement in our two digital businesses and the benefit of political revenue.”
— Bill Wilson, Q4 2024 Earnings Press Release
TSQ Earnings Trends
TSQ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TSQ EPS Trend
Earnings per share: estimate vs actual
TSQ Revenue Trend
Quarterly revenue: estimate vs actual
TSQ Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.13 | $-0.16 | -23.08% | $96.8M | -0.42% |
| Q4 25 MISS FY | $0.11 | $-0.32 | -390.91% | $106.5M | +0.09% |
| FY Full Year | $0.34 | $-0.71 | -308.82% | $427.4M | +0.03% |
| Q3 25 BEAT | $0.03 | $0.05 | +66.67% | $106.8M | -1.14% |
| Q2 25 MISS | $0.25 | $0.22 | -12.00% | $115.4M | +0.59% |
| Q1 25 BEAT | $-0.07 | $-0.05 | +28.57% | $98.7M | -0.27% |
| Q4 24 BEAT FY | $0.58 | $0.60 | +3.45% | $117.8M | +1.20% |
| FY Full Year | $1.07 | $1.09 | +1.87% | $451.0M | +0.31% |