Townsquare Media, Inc. Provides Financial Guidance for the Third Quarter and Full Year of 2023
August 09, 2023 at 06:00 am EDT
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Townsquare Media, Inc. provided financial guidance for the third quarter and full year of 2023. For the third quarter, the company?s net revenue is expected to be between $115 million and $117 million (-3.0% to -4.7% as compared to the prior year, and -2.2% to -3.9% excluding political revenue).
For the full year, the company?s net revenue guidance is reaffirmed to be between approximately $450 million and $470 million (-2.8% to +1.5% as compared to the prior year).
Townsquare Media, Inc. is a digital media and digital marketing solutions company. The Company's integrated and diversified products and solutions enable local, regional and national advertisers to target audiences across multiple platforms, including digital, mobile, social, video, streaming, e-commerce, radio and events. Its segments include Subscription Digital Marketing Solutions, Digital Advertising and Broadcast Advertising. The Subscription Digital Marketing Solutions includes its subscription digital marketing solutions business, Townsquare Interactive. The Digital Advertising segment, which it markets as Townsquare Ignite, includes digital advertising on its owned and operated digital properties and its digital programmatic advertising platform. The Broadcast Advertising includes its local, regional and national advertising products and solutions delivered via terrestrial radio broadcast. Its portfolio includes local media brands such as WYRK.com, WJON.com and NJ101.5.com.
TOWNSQUARE MEDIA, INC. 
