Townsquare Media (TSQ) Misses Q1 EPS by 3c, Miss on Revenues

Townsquare Media (NYSE: TSQ) reported Q1 EPS of ($0.16), $0.03 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $88.4 million versus the consensus estimate of $89.32 million.

First Quarter Highlights*

As compared to the first quarter of 2016:

• Net revenue decreased 6.4%, consistent with previously issued guidance
• Local Marketing Solutions net revenue increased 1.2%
• Entertainment net revenue decreased 35.8%
• Net loss increased 117.5%
• Adjusted EBITDA decreased 16.0%, consistent with previously issued guidance

Repaid $6.7 million of long-term debt

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

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