Townsquare Reaffirmed Q1 Net Revenue of $98.5M-$100M Vs $98.64M Est, FY24 Revenue of $440M-$460M Vs $453.47M Est
Portfolio Pulse from Benzinga Newsdesk
Townsquare reaffirmed its Q1 2024 net revenue guidance of $98.5M-$100M, aligning with estimates of $98.64M, and its FY24 revenue guidance of $440M-$460M, close to the $453.47M estimate. Adjusted EBITDA for Q1 is expected to be $17.5M-$18.5M, and for FY24, it's projected to be $100M-$110M.
April 01, 2024 | 10:08 am
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Townsquare reaffirmed its Q1 and FY24 revenue guidance, closely aligning with analyst estimates, indicating stable financial expectations.
Reaffirming guidance, especially when it aligns closely with analyst estimates, typically instills confidence in investors about the company's financial health and future performance. This can lead to positive sentiment and potentially an uptick in stock price in the short term.
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