Industry News

Townsquare Media Issues Preliminary Fiscal Report for 2024

Townsquare Media announces preliminary estimated financial results for the fourth quarter and full year ended December 31, 2024. The company says its full-year net revenue will be between $450 million and $452 million, within its guidance range of $448 million to $452 million. It also expects fourth quarter netimg revenue will be between $117 million and $119 million. Company CEO Bill Wilson adds, “As anticipated, our digital divisions had a very strong fourth quarter, as Townsquare Interactive returned to year-over-year revenue growth, and Digital Advertising net revenue accelerated to year-over-year growth rates in excess of +15%, helped by national digital advertising returning to revenue growth together with ongoing strength in our digital programmatic business. In total, we expect fourth quarter Digital revenue to increase approximately +11% year-over-year, and represent 52% of Townsquare’s net revenue in 2024, a true point of differentiation from others in local media, as we have evolved from a local broadcast radio company that was founded in 2010, to a Digital First Local Media Company with a world class team and a unique and differentiated strategy, assets, platforms and solutions.”