#townsquare-media

#townsquare-media

Net revenue down 2.5% year-over-year, with strong programmatic digital advertising growth and weak national digital advertising.

Digital business contributes to over half of net revenue; Townsquare Interactive shows subscriber and revenue growth.

Townsquare Media met Q1 guidance for net revenue and adjusted EBITDA.

Digital solutions represent 53% of total net revenue, signaling a shift to digital.

Townsquare Interactive displays recovery with subscriber and revenue growth.

Broadcast advertising revenue stabilized with only a 1% decline in Q1 2024.

Anticipation of strong political revenue in 2024, estimated at $14-16 million.

Quarterly dividend increased to $0.195 per share, up 5% from last quarter.

Focus on mergers, acquisitions, and deleveraging for future growth.