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Townsquare Media projects strong Q4 and 2024 revenues with digital divisions leading growth.
Townsquare Media's preliminary Q4 report projects revenue of $117-119 million and adjusted EBITDA of $31 million.
For the full year 2024, the company expects $450-452 million in revenue and $100 million in adjusted EBITDA.
Digital divisions showed strong growth, with a 15% increase in Digital Advertising net revenue and overall digital revenue up 11%.
The stock is up 6.39% pre-market to $9.78.
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Townsquare Media proyecta fuertes ingresos Q4 y 2024 con divisiones digitales liderando el crecimiento.