Wednesday, March 13, 2019

Townsquare Media (TSQ)

A Premium Valuation Appears Warranted.

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.

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.  

• Fourth quarter
  upside surprise. The 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. 
• The Digital
  divide.  The company’s digital businesses grew revenue an impressive
  20% plus in 2018 to $120 million. Its Digital businesses represent
  approximately 28% of total company revenues, which sets the company ap… 

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