Wednesday, August 7, 2019
Townsquare Media (TSQ)
Hitting a Nice Stride
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, Senior Research Analyst, DOR, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Over achieves expectations, again. Second quarter revenues of $113.1 million was better than our $109.9 million estimate, beating expectations in all three reporting segments including Marketing Services, Live Events, and Interactive. The company exceeded our cash flow estimate of $27.6 million by a significant 9.2%, coming in at $30.1 million.
- Digital growth is impressive. The company added 1,100 net subscribers to its Interactive business, an acceleration from the first quarter growth of 850. The company now has…
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