Movers and SHAKERS
Townsquare Media (TSQ)
What Will It Take For The Shares To Break Out?
- Over-delivers on Q4. Revenues were better than expected at $108.9 million versus our $105.1 million estimate, on the strength of its Digital businesses. Operating cash flow (adj. EBITDA) was better than expected at $23.9 million versus our $23.2 million estimate.
- Provides favorable guidance. The company guided Q1 revenue between $92 million and $94 million (better than our $89.3 million estimate) and adj. EBITDA of $17.5 million to $18.5 million (better than our $17.0 million estimate).
Full yearrevenue guidance of $445 million to $455 million is better than our $428.2 million estimate and adj. EBITDA guida...
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