Townsquare Media (TSQ) Misses Q2 EPS by 1c, Miss on Revenues

Townsquare Media (NYSE: TSQ) reported Q2 EPS of $0.21, $0.01 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $140.66 million versus the consensus estimate of $141.5 million.

Second Quarter Highlights*

As compared to the second quarter of 2016:

• Net revenue increased 2.6%, consistent with previously issued guidance
• Local Marketing Solutions net revenue increased 4.3%
• Entertainment net revenue was approximately flat
• Net income was approximately flat
• Adjusted EBITDA was approximately flat, consistent with previously issued guidance

Diluted net income and diluted Adjusted Net Income Per Share of $0.20 and $0.21, respectively

For earnings history and earnings-related data on Townsquare Media (TSQ) click here.

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