Updated at 1:55pm Eastern
On its surface, some would assume that “digital first” local radio station owner and digital media denizen Townsquare Media didn’t have a particularly strong first quarter. Yes, political advertising wasn’t so robust. Subscription digital marketing revenue was down in the mid-double-digits.
Yet, while net revenue was down, as was adjusted EBITDA, it met the company’s guidance as operating income rose by 56.7%. That’s a sign, says CEO Bill Wilson, that Townsquare is building momentum across the year, setting up the publicly traded company for a strong 2025.
