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TOWNSQUARE S SECOND QUARTER NET REVENUE AND ADJUSTED EBITDA REACH ALL-TIME HIGH WITH NET REVENUE +14% AND ADJUSTED EBITDA +7% YEAR-OVER-YEAR

Townsquare Media Second Quarter Revenue Up, Income Falls

TOWNSQUARE MEDIA second quarter 2022 revenue rose 13.6% year-over-year to $121.9 million, but net income fell from $10.1 million to $4.9 million while Adjusted EBITDA increased 6.8%. Broadcast advertising revenue ticked up 1% to $57 million, but digital advertising jumped 25.4% to $37.2 million and subscription digital revenue rose 13.7% to $23 million.CEO BILL WILSON noted record revenue and Adjusted EBITDA in the quarter and added, "Our strong top-line growth, margin profile, and cash .

Tuesday, August 2, 2022 | TALKERS magazine - talk media trade

Tuesday, August 2, 2022 | TALKERS magazine - talk media trade
talkers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from talkers.com Daily Mail and Mail on Sunday newspapers.

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