Movers and SHAKERS
Townsquare Media Inc (TSQ)
Leaning In With A Digital First Strategy
Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others. The segments through which the company operates its businesses are classified into Local marketing solutions and Entertainment segments. Revenues are generated from commercials through broadcasts and sale of internet based advertisements.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Solid Q4 results. Revenues sequentially improved from Q3, with revenues down a modest 3.2% to $108.5 million, in line with our $107.6 million estimate. Operating margins substantially improved from 18.4% in Q3 to 24.9%, in line with our estimates. The solid results reflected favorable growth in its Digital businesses, with its Interactive revenues up a strong 16.3%.
Closing in on 2019 revenue levels. Q1 2021 revenue guidance of $87.0 million to $88.0 million was better than our $86.3 million estimate. In addition, Adjusted EBITDA guidance of $18 million to $19 million was better than our $13 million estimate. The company appears to be well on way toward its revenue recovery and toward prior pandemic revenue levels ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.