Townsquare Q2 Digital Ad Revenue Jumps 11%, Declares 13% Dividend Yield
TSQ sits 48% above its 52-week low of $4.3.
Summary
Townsquare delivered Q2 net revenue of $115.4 million, in line with its $114-$116 million guidance, while digital advertising growth accelerated to 11% year-over-year from 7% in Q1. The company also declared a quarterly cash dividend of $0.20 per share, implying a 13% annualized yield at the last close. Despite a reported net loss of $41.8 million, or $2.36 per share, driven by non-cash impairment charges, adjusted EBITDA came in at $24.8 million. The digital segment now represents 57% of first-half revenue and 59% of segment profit, underscoring the shift toward higher-margin digital operations. Media partnerships are scaling rapidly, with revenue expected to more than double this year across 16 partners in 41 incremental markets. Townsquare sees Q3 revenue of $108 million to $110 million.
At the time of this announcement, TSQ was trading at $6.38 on NYSE in the Trade & Services sector, with a market capitalization of approximately $114.2M. The 52-week trading range was $4.30 to $7.97. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.