Townsquare Media (TSQ) Misses Q3 EPS by 2c

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Townsquare Reports Fourth Quarter And Full Year 2016 Results

March 13, 2017 7:00 AM EDT

GREENWICH, Conn., March 13, 2017 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare," the "Company," "we," "us," or "our") announced today financial results for the fourth quarter and year ended December 31, 2016.

"In 2016, we delivered net revenue, net income and Adjusted EBITDA growth of 17%, 127% and 9%, respectively.  On a pro forma basis, net revenue growth of 3.0% was driven by the strong performance of our local products and offerings within our Local Marketing Solutions segment, where pro forma net revenue increased 5.1% over the prior... More