Townsquare Media, Inc. TSQ
Townsquare is a community-focused digital and broadcast media and digital marketing solutions company principally focused outside the top 50 markets in the U.S. Townsquare Ignite, our robust digital advertising division, specializes in helping businesses of all sizes connect with their target audience through data-driven, results based strategies, by utilizing a) our proprietary digital programmatic advertising technology stack with an in-house demand and data management platform and b) our owned and operated portfolio of more than 400 local news and entertainment websites and mobile apps along with a network of leading national music and entertainment brands, collecting valuable first party data. Townsquare Interactive, our subscription digital marketing services business, partners with SMBs to help manage their digital presence by providing a SAAS business management platform, website design, creation and hosting, search engine optimization and other digital services. And through our portfolio of local radio stations strategically situated outside the Top 50 markets in the United States, we provide effective advertising solutions for our clients and relevant local content for our audiences.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $427.4M | $451.0M | $454.2M | $463.1M | $418.0M | $371.3M | $431.4M | $407.9M | $389.6M | $421.6M |
| Gross profit | $109.1M | $124.2M | $125.0M | — | — | — | — | — | — | — |
| SG&A | $21.0M | $23.8M | $25.0M | $24.4M | $24.5M | $26.9M | $28.6M | $27.1M | $25.8M | $25.4M |
| Total operating expenses | $383.2M | $429.3M | $473.4M | $407.5M | $343.5M | $446.3M | $468.5M | $390.1M | $342.2M | $347.1M |
| Operating income | $44.2M | $21.7M | -$19.1M | $55.6M | $74.5M | -$75.0M | -$37.1M | $17.8M | $47.4M | $74.5M |
| Interest expense | $47.9M | $36.2M | $37.2M | $39.8M | $39.8M | $31.4M | $33.9M | $34.3M | $32.8M | $34.1M |
| Pre-tax income | -$5.0M | -$9.6M | -$49.2M | $13.8M | $29.1M | -$104.4M | -$72.1M | -$17.1M | $14.3M | $37.0M |
| Income tax | $4.7M | $1.3M | $6.1M | $564.0K | $10.4M | $23.9M | $14.6M | $30.8M | $7.5M | $16.1M |
| Net income | -$11.5M | -$12.7M | -$45.0M | $12.3M | $16.7M | -$82.5M | -$67.8M | -$98.7M | -$13.7M | $23.0M |
| EPS, basic | — | -0.81 | -2.68 | — | — | — | — | — | -0.56 | 1.28 |
| EPS, diluted | — | -0.81 | -2.68 | — | — | — | — | — | -0.56 | 0.85 |
| Shares, diluted (wtd. avg.) | $16.2M | $15.6M | $16.8M | $18.2M | $21.2M | $18.6M | $18.5M | $18.5M | $27.9M | $27.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.8M | $33.0M | $61.5M | $43.9M | $51.0M | $83.7M | $85.2M | $61.4M | $61.2M | $47.5M |
| Receivables | $52.0M | $60.6M | $60.8M | $61.2M | $57.6M | $58.6M | $67.5M | $62.6M | $60.3M | $59.6M |
| Total current assets | $69.4M | $105.4M | $132.2M | $120.7M | $120.2M | $154.3M | $161.4M | $153.9M | $169.7M | $122.6M |
| Property, plant and equipment | $110.0M | $110.3M | $110.2M | $113.8M | $106.7M | $111.9M | $114.1M | $110.4M | $101.2M | $139.4M |
| Goodwill | $147.6M | $152.9M | $157.3M | $161.4M | $157.9M | $157.9M | $157.9M | $227.0M | $215.8M | $251.9M |
| Other intangibles | $155.0M | $162.2M | $200.3M | $276.8M | $278.3M | $281.2M | $388.0M | $428.0M | $468.6M | $513.9M |
| Total assets | $528.6M | $580.4M | $652.0M | $744.5M | $726.3M | $768.5M | $880.4M | $936.6M | $1.03B | $1.08B |
| Accounts payable | $6.9M | $4.5M | $5.0M | $4.1M | $5.7M | $9.1M | $14.8M | $12.8M | $13.4M | $10.6M |
| Short-term debt | $11.8M | $0 | — | — | — | $0 | $9.9M | $5.0K | — | — |
| Total current liabilities | $82.2M | $76.3M | $76.1M | $71.7M | $76.0M | $65.8M | $71.6M | $63.9M | $74.4M | $65.2M |
| Long-term debt | $421.2M | $465.8M | $499.7M | $524.4M | $541.5M | $543.4M | $546.7M | $555.3M | $571.9M | $579.2M |
| Total liabilities | $569.6M | $608.9M | $642.1M | $675.4M | $676.7M | $667.7M | $698.0M | $681.1M | $673.1M | $690.7M |
| Retained earnings | -$353.2M | -$327.8M | -$302.2M | -$244.3M | -$256.6M | -$272.6M | -$188.0M | -$111.8M | -$6.5M | $24.4M |
| Total equity | -$41.0M | -$28.4M | $9.9M | $69.1M | $49.6M | $100.8M | $182.4M | $255.5M | $361.3M | $390.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30.6M | $48.7M | $67.8M | $50.2M | $61.1M | $31.5M | $40.0M | $34.8M | $51.4M | $58.4M |
| Depreciation and amortisation | $18.4M | $19.7M | $19.2M | $19.0M | $19.1M | $20.1M | $25.8M | $19.6M | $18.4M | $17.1M |
| Stock-based compensation | $13.8M | $17.2M | $8.0M | $3.8M | $3.7M | $2.1M | $2.6M | $1.6M | $718.0K | $4.3M |
| Capital expenditure | $15.2M | $17.4M | $15.0M | $15.8M | $12.4M | $14.9M | $19.7M | $18.1M | $15.8M | $15.0M |
| Investing cash flow | -$4.5M | -$9.9M | -$3.6M | -$37.8M | -$10.6M | -$14.0M | -$5.9M | -$17.3M | -$28.8M | -$21.0M |
| Financing cash flow | -$54.3M | -$67.4M | -$46.6M | -$19.5M | -$83.2M | -$18.9M | -$10.3M | -$18.1M | -$8.0M | -$19.7M |
| Dividends paid | — | — | — | — | — | — | $2.1M | $6.2M | $0 | $0 |
| Buybacks | $0 | $23.6M | $16.6M | $225.0K | $1.4M | $0 | $400.0K | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001499832-26-000020.
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