Townsquare Media Expects Q3 Net Revenue $115M - $117M, -3.0% to -4.7% From Prior Year, Vs. $121.01M Est.
Portfolio Pulse from Benzinga Newsdesk
Townsquare Media forecasts its Q3 net revenue to be between $115M and $117M, marking a decrease of 3.0% to 4.7% from the previous year. This is lower than the estimated $121.01M.
August 09, 2023 | 10:07 am
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Townsquare Media's lower than expected Q3 net revenue forecast could negatively impact its stock price.
The company's Q3 net revenue forecast is lower than the market's expectation, which could lead to a negative sentiment among investors and potentially a decrease in the stock price.
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IMPORTANCE 80
RELEVANCE 100