Townsquare Media, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $516.9m $507.4m $430.6m $431.4m $371.3m $418.0m $463.1m $454.2m $451.0m $427.4m
Gross Profit $124.2m $109.1m
Operating expenses:
Operating Income (Loss) $77.4m $11.1m $40.4m ($37.1m) ($75.0m) $74.5m $55.6m ($19.1m) $21.7m $44.2m
Additional Financial Items
Goodwill, Impairment Loss $48.9m $12.5m $69.0m $0 $4.2m $4.4m $5.3m
Amortization of Intangible Assets $4.0m $3.0m $1.6m $900k $1.0m $1.1m $6.2m $7.3m $7.3m $3.6m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount $600k $0 $0 $1.2m $14.5m $2.0m $0
Income (Loss) from Continuing Operations, Per Basic Share ($0) ($0)
Income (Loss) from Continuing Operations, Per Diluted Share ($0) ($0) ($3) ($4) $1 $1 ($3) ($1)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $40.3m ($21.9m) $1.1m ($72.1m) ($104.4m) $29.1m $13.8m ($49.2m) ($9.6m) ($5.0m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $40.3m $21.9m $1.1m ($59.6m) ($82.5m) $29.1m $13.8m $49.2m $9.6m $5.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $40.3m ($8.9m) ($494k) ($57.5m) ($80.6m) $29.1m $13.8m $49.2m $9.6m $5.0m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $40.3m ($1.4m) ($31.1m) ($8.2m) $0 $29.1m $13.8m $49.2m $9.6m $5.0m
Net Income (Loss) Attributable to Parent $23.1m ($11.2m) ($32.9m) ($67.8m) ($82.5m) $16.7m $12.3m ($45.0m) ($12.7m) ($11.5m)
Net Income (Loss) Attributable to Noncontrolling Interest $234k $912k $1.4m $2.1m $1.9m $2.0m $2.1m $1.9m $1.8m $1.8m
Earnings Per Share, Basic $1.28 ($0.56) $0.30 $0.30 $0.07 $0.00 $0.73 ($2.68) ($0.81) ($0.71)
Earnings Per Share, Diluted $0.85 ($0.56) ($4.46) $0.79 $0.68 ($2.68) ($0.81) ($0.71)
Common Stock, Dividends, Per Share, Declared $1.28 ($0.56) $0.30 $0.30 $0.07 $0.00 $0.73 $0.75 $0.79 $0.80
Weighted Average Number of Shares Outstanding, Basic 18.3m 18.5m 18.5m 27.5m 27.6m 18.6m 17.0m 15.6m
Weighted Average Number of Shares Outstanding, Diluted 27.3m 18.5m 27.5m 18.5m 18.6m 21.2m 18.2m 16.8m 15.6m 16.2m
General and Administrative Expense $25.4m $25.8m $27.2m $28.6m $26.9m $24.5m $24.4m $25.0m $23.8m $21.0m
Other Nonoperating Income (Expense) $665k ($288k) ($167k) ($1.1m) $820k $500k ($2.0m) $6.0m $5.0m ($94k)
Interest Expense (non-operating) $36.2m
Business Combination, Acquisition Related Costs $844k $1.2m $1.5m $1.5m $2.7m $4.5m $4.4m $1.2m $4.9m $11.7m
Current Income Tax Expense (Benefit) $1.2m $779k $890k $464k $348k $596k $769k $750k $663k $465k
Interest Expense $34.1m $32.8m $34.3m $33.9m $31.4m $39.8m $39.8m $37.2m $47.9m
Income Tax Expense (Benefit) $17.0m ($13.0m) $1.6m ($14.6m) ($23.9m) $10.4m ($564k) ($6.1m) $1.3m $4.7m