Townsquare Media (TSQ) Tops Q1 EPS by 1c, Beats on Revenues

Townsquare Media (NYSE: TSQ) reported Q1 EPS of ($0.12), $0.01 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $94.23 million versus the consensus estimate of $91.22 million.

First Quarter Highlights*

• As compared to the first quarter of 2017:
  • Local Marketing Solutions net revenue increased 5.9%, or 5.6% excluding political revenue
  • Entertainment net revenue increased 10.8%
  • Net revenue increased 6.6%, or 6.3% excluding political revenue
  • Net loss increased $23.6 million, and net loss from continuing operations increased $23.7 million
  • Adjusted EBITDA increased 12.7%
• Diluted net loss per share and diluted Adjusted Net Loss Per Share were $1.44 and $0.12, respectively
• Repaid $9.5 million of long-term debt

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

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