Townsquare Media Reports Revenue Increase In Preliminary Fourth Quarter Financials
January 20, 2015 at 8:27 AM (PT)
TOWNSQUARE MEDIA, INC. has released preliminary financial results for fourth quarter 2014, showing pro forma net revenue up 9-10% to $93-94 million and pro forma adjusted EBITDA up 5-9% to $24 million, excluding duplicative and non-recurring corporate expenses.
Chairman/CEO STEVEN PRICE said, "We are pleased to pre-announce strong results for the fourth quarter. These results are in line with our previously issued guidance. We expect our 2014 audit to be completed in MARCH. However, given our desire to provide the market with timely information, we believe this pre-announcement is prudent. We look forward to discussing our results with you in more detail on our fourth quarter conference call in MARCH and are excited for the year ahead."