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.

2 months ago
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