Townsquare Media Expects FY24 Revenue Between $440M-$460M Vs. $465.2M Estimate; Forecasts FY24 Adjusted EBITDA Of $100M-$110M
Portfolio Pulse from Benzinga Newsdesk
Townsquare Media projects its FY24 revenue to be in the range of $440M-$460M, which is below the estimated $465.2M. The company also forecasts its FY24 adjusted EBITDA to be between $100M-$110M.
March 15, 2024 | 10:14 am
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Townsquare Media's FY24 revenue projection falls short of the estimated $465.2M, with an expected adjusted EBITDA of $100M-$110M.
The projected revenue for FY24 being below the estimated figures suggests a potential negative impact on investor sentiment and stock price in the short term. The forecasted adjusted EBITDA, while providing some insight into expected profitability, may not fully mitigate concerns over the lower revenue projection.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100