Be sure to set an early alarm clock and, if you’re a caffeine fiend, to have a big pot of coffee ready to go on Tuesday, May 10.
Nexstar Media Group isn’t the only broadcast station group to be delivering its first-quarter financial results on that date.
Townsquare Media can be added to the list.
Townsquare executives, as become routine for the company, will host an earnings call for investors and financial analysts at 8am Eastern.
One month ago, Townsquare released its fourth-quarter and full-year 2021 financial data. At the time, the “local first” company that derives much of its revenue from digital, rather than its small to mid-size market radio stations, cited “great momentum” going into 2022.
What does Townsquare expect to see in Q1 2022, and for the full year?
For the three month period ending March 31, net revenue is expected to be between $97.5 million and $99.5 million. Adjusted EBITDA is expected to be between $21 million and $220 million. For the full year 2022, net revenue is expected to be between $460 million and $475 million; Adjusted EBITDA is expected to be between $115 million and $120 million.
