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Reve-News: Townsquare Q3 2019

Townsquare has reported Q3 2019 net revenue and Adjusted EBITDA increasing 7.95% and 12.9%, respectively, from the same period last year. Net income decreased 9.1%, and net income from continuing operations decreased 3.9%. Advertising and Townsquare Interactive net revenues increased 7.3% and 26.0%, respectively, excluding political revenue. "The ongoing strong performance of Townsquare Interactive and Townsquare Ignite, our proprietary digital programmatic advertising platform, is contributing to digital revenue being 35% of our total net revenue and reinforces our belief that each of those digital divisions will generate $100 million in annual net revenue within the next two to four years," says CEO Bill Wilson. More here.