Townsquare Sez Q2 Net Revenue Was Up 10.6 Percent

Townsquare Media, Inc. announced financial results Wednesday for the second quarter ended June 30, 2015.

• Second Quarter Highlights As compared to the second quarter of 2014:
• Net revenue increased 10.6%, and 11.4% excluding political revenue
• Local Advertising net revenue increased 0.6%, and 1.5% excluding political revenue
• Live Events net revenue increased 50.4%
• Other Media and Entertainment net revenue increased 9.5%
• Pro forma Adjusted EBITDA increased 2.5%, consistent with previously issued guidance

Year to Date Highlights As compared to the first half of 2014:

• Net revenue increased 7.1%, and 7.7% excluding political revenue
• Local Advertising net revenue increased 0.2%, and 0.9% excluding political revenue
• Live Events net revenue increased 37.7%

Other Media and Entertainment net revenue increased 17.7%

"We believe our second quarter net revenue growth of 10.6% highlights the strength of our diversified revenue strategy. We saw growth in each of our operating segments in the second quarter, particularly within our Live Events segment, which grew over 50% over the prior year," commented Steven Price, Chairman and Chief Executive Officer of Townsquare Media.