Townsquare Media (TSQ) Tops Q4 EPS by 1c, Miss on Revenues

Note: EPS may not be comparable

Townsquare Media (NYSE: TSQ) reported Q4 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $114.3 million versus the consensus estimate of $118.87 million.

Fourth Quarter Highlights*

As compared to the fourth quarter of 2016 on an actual basis:

• Local Marketing Solutions net revenue increased 0.4%, and 5.2% excluding political revenue
• Entertainment net revenue decreased 17.4%
• Net revenue decreased 3.7%, and 0.2% excluding political revenue
• Net income from continuing operations decreased 941.5%
• Adjusted EBITDA decreased 12.7%, to $21.6 million, consistent with previously issued guidance
• Diluted net loss per share from continuing operations and diluted Adjusted Net Income Per Share were $(1.42) and $0.14, respectively

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

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