Townsquare Media Revenue Drops 7.4% in Q3, but Shares Edge Higher
Townsquare Media reported a 7.4 percent year-over-year decline in net revenue for Q3, to $106.8 million. The company said revenue would be down 4.5 percent if political advertising is removed. The result showed weaker broadcast ad sales, while digital now supplies the majority of net revenue. These facts come from the company’s release and reporting on the earnings call.
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