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Townsquare Media Revenue Up, Income Down In First Quarter 2023

TOWNSQUARE MEDIA first quarter 2023 net revenue rose 3% year-over-year to $103.1 million, while net income fell from a gain of $2.7 million to a loss of $1.9 million (-14 cents/basic and diluted share), attributed to non-cash impairment charges. The bright spot for revenue was the Digital Advertising segment, up 15.4% to $33.7 million, while the Broadcast Advertising segment dipped 4.8% to $45.9 million and the Subscription Digital Marketing Solutions division dropped 1.3% to $21.6 .

TOWNSQUARE SETS THIRD QUARTER RECORD BY ACHIEVING ALL-TIME Q3 HIGH FOR BOTH NET REVENUE (+8% YEAR-OVER-YEAR) AND ADJUSTED EBITDA (+6% YEAR-OVER-YEAR)

Wednesday, November 9, 2022 | TALKERS magazine - talk media trade

Townsquare Media’s 2022 Third Quarter Net Revenue Soars 8.4%. Third quarter net revenue was $120.6 million – an increase of 8.4% over the same period in 2021. Townsquare Media reveals in its 2022 Q3 financial report that net income for the quarter decreased $10.1 million to $2.8 million, as comp .

Friday, March 25, 2022 | TALKERS magazine

NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the one-hour weekend special, “The Michael Harrison Wrap,” that looks back each week at the hottest topics discussed in American talk media per the research .

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