Digital Transformation Evident: 50% of Total Revenue and Adjusted Operating Income from Digital Sources in 2022, as Digital Revenue Increases +16% YOY
Net Leverage Declines to All-Time Low 4.29x
Announces $0.1875 Dividend Per Share
PURCHASE, N.Y., March 9, 2023 /PRNewswire/ — Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare”, the “Company,” “we,” “us,” or “our”) announced today its financial results for the fourth quarter and year ended December 31, 2022.
“I am proud to report that Townsquare’s transformation into a Digital First Local Media Company allowed us to deliver record results in 2022 despite a progressively challenging economic landscape. In 2022, we drove net revenue and Adjusted EBITDA to new highs with strong net revenue growth of +11% year-over-year and Adjusted EBITDA growth of +8% year-over-year. In addition, we generated significant cash flow from operations of $50…
