Townsquare Media (TSQ) Q4 2024 Earnings
How Did TSQ Stock React to Q4 2024 Earnings?
Did TSQ Beat Earnings? Q4 2024 Results
Yes. Townsquare Media reported Q4 2024 earnings of $0.60 a share on Mar 17, 2025, beating the $0.58 consensus estimate by 3.4%. Revenue was $117.8M against a $116.4M estimate.
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.
- 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
“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.”
Townsquare Media CEO, on the earnings call
What Was Townsquare Media's Outlook in Q4 2024?
For Q1 2025, net revenue is expected to be between $98 million and $100 million, and Adjusted EBITDA is expected to be between $17 million and $18 million. For full year 2025, net revenue is expected to be between $435 million and $455 million, and Adjusted EBITDA is expected to be between $90 million and $98 million. Management views broadcast advertising as a mature cash cow business that will continue to face headwinds as businesses shift spending from traditional to digital advertising. Digital is expected to remain Townsquare's growth engine.
TSQ YoY Financials
| Metric | Q4 2024 | Q4 2023 | Year over year |
|---|---|---|---|
| Revenue | $117.8M | $114.8M | +2.6% |
| Operating Income | $21.3M | $4.5M | +370.3% |
| Net Income | $25.0M | $2.0M | +1,169.7% |
TSQ Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.