Townsquare Media (TSQ) Misses Q3 EPS by 9c, Miss on Revenues

Townsquare Media (NYSE: TSQ) reported Q3 EPS of $0.51, $0.09 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $131.33 million versus the consensus estimate of $167.3 million.

Third Quarter Highlights*

As compared to the third quarter of 2016:

• Local Marketing Solutions net revenue increased 1.7%, and 3.0% excluding political revenue
• Entertainment net revenue decreased 4.1%
• Net revenue decreased 1.0%, and 0.3% excluding political revenue
• Net income decreased 9.9%
• Adjusted EBITDA decreased 11.1%
• Diluted net income per share of $0.51

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

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