Townsquare Media Reaffirms FY23 Net Revenue $450M-$470M, -2.8% To +1.5% From Prior Year Vs. $464.95M Est.
Portfolio Pulse from Benzinga Newsdesk
Townsquare Media has reaffirmed its FY23 net revenue guidance of $450M-$470M, representing a change of -2.8% to +1.5% from the prior year. This is against an estimate of $464.95M.
August 09, 2023 | 10:05 am
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Townsquare Media's reaffirmed FY23 net revenue guidance is slightly lower than the estimated $464.95M, which could potentially impact the company's stock.
The reaffirmed revenue guidance by Townsquare Media is slightly lower than the market's estimate. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
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