Townsquare Media, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 06:04 am EST
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Townsquare Media, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 115.1 million compared to USD 120.64 million a year ago. Net loss was USD 37 million compared to net income of USD 2.26 million a year ago. Basic loss per share from continuing operations was USD 2.27 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 2.27 compared to diluted earnings per share from continuing operations of USD 0.13 a year ago.
For the nine months, sales was USD 339.45 million compared to USD 342.8 million a year ago. Net loss was USD 42.62 million compared to net income of USD 8.88 million a year ago. Basic loss per share from continuing operations was USD 2.52 compared to basic earnings per share from continuing operations of USD 0.52 a year ago. Diluted loss per share from continuing operations was USD 2.52 compared to diluted earnings per share from continuing operations of USD 0.48 a year ago.
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. 
