Financials from Townsquare Media

[JJSPC]

Townsquare Media Issues 2023 Year End Earnings Report - RadioInsight

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, 2023. “I am pleased to share that Townsquare’s fourth quarter results met or exceeded our previously issued guidance...

radioinsight.com

 

[boombox4]

Looks like Digital advertising was up 7.5% (in income), but the overall digital revenue only went up 0.8%, so.
From the article.:

• As compared to the year ended December 31, 2022:
  
  • Net revenue decreased 1.9%, and 0.9% excluding political
  • Net income decreased $57.4 million
  • Adjusted EBITDA decreased 12.1%
  • Total Digital net revenue increased 0.8%
    
    • Subscription Digital Marketing Solutions net revenue decreased 9.1%
    • Digital Advertising net revenue increased 7.1%
  • Total Digital Adjusted Operating Income increased 0.5%
    
    • Subscription Digital Marketing Solutions Adjusted Operating Income decreased 11.0%
    • Digital Advertising Adjusted Operating Income increased 7.5%
  • Broadcast Advertising net revenue decreased 5.4%, and 3.6% excluding political

 

[secondchoice]

They are able to pay dividends and buy back stock. They apparently are not having debt issues likes couple of other companies are having. The 5.4 per cent drop in broadcast revenue wasn't that bad.

 

[Theater of My Mind]

They are able to pay dividends and buy back stock.

Hoo buy, that's great. So the corporate executives get to boost their own stock at the expense of investing in better programming or increasing wages. Sounds like a plan that really benefits their workers and the audience.

 

[secondchoice]

If the stock awards are options that have a higher "price" than the current price, then the the stock has to go up allowing the executives to sell at a profit. Remember the shareholders own the company and short term profits matter most to a large number of investors. Unfortunately a significant number of Wall Steet investors considers employees as an "expensive" that cuts down on their profit.