Townsquare Media Expects Q1 Revenue Between $98.5M-$100M Vs. $103.02M Estimate; Forecasts Q1 Adjusted EBITDA Of $17.5M-$18.5M
Portfolio Pulse from Benzinga Newsdesk
Townsquare Media anticipates Q1 revenue to be in the range of $98.5M-$100M, falling short of the expected $103.02M. The company also forecasts its Q1 adjusted EBITDA to be between $17.5M-$18.5M.
March 15, 2024 | 10:12 am
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Townsquare Media's Q1 revenue and adjusted EBITDA projections fall below market expectations, indicating potential short-term financial challenges.
The company's revenue projection falling short of market expectations suggests potential challenges in its business operations or market conditions that could negatively impact its stock price in the short term. Investors often react negatively to such news, leading to a possible decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100