Townsquare Media, Inc. Announces Preliminary Earnings Results for the Fourth Quarter Ended December 31, 2014
January 20, 2015 at 07:00 am EST
Share
Townsquare Media, Inc. announced preliminary earnings results for the fourth quarter ended December 31, 2014. The company reported pro forma net revenue of $93.0 million to $94.0 million, an increase of approximately 9% to 10% compared to the fourth quarter of 2013. Pro forma adjusted EBITDA excluding duplicative and non-recurring corporate expenses of $24.0 million to $25.0 million, an increase of approximately 5% to 9% compared to the fourth quarter of 2013.
For the full year, the company reported pro forma net revenue of $384.0 million to $385.0 million, an increase of approximately 8% compared to 2013; Pro forma adjusted EBITDA excluding duplicative and non-recurring corporate expenses of $97.9 million to $98.9 million, an increase of approximately 3% to 4% compared to 2013. Nearly 30% of net revenue was derived from sources other than the sale of terrestrial radio station advertising.
Townsquare Media, Inc. is a digital media and digital marketing solutions company. The Company's integrated and diversified products and solutions enable local, regional and national advertisers to target audiences across multiple platforms, including digital, mobile, social, video, streaming, e-commerce, radio and events. Its segments include Subscription Digital Marketing Solutions, Digital Advertising and Broadcast Advertising. The Subscription Digital Marketing Solutions includes its subscription digital marketing solutions business, Townsquare Interactive. The Digital Advertising segment, which it markets as Townsquare Ignite, includes digital advertising on its owned and operated digital properties and its digital programmatic advertising platform. The Broadcast Advertising includes its local, regional and national advertising products and solutions delivered via terrestrial radio broadcast. Its portfolio includes local media brands such as WYRK.com, WJON.com and NJ101.5.com.
TOWNSQUARE MEDIA, INC. 
