Townsquare Media earnings: Net down, digital gains share
Townsquare Media’s COVID quarter tells a varied story in the company’s Q2 earnings release. Net income for the quarter was down year-over-year (a nearly universal Q2 earnings story), while digital revenue gained in share of total revenue. CEO and RAIN Summit keynoter Bill Wilson noted that sequential revenue (month-over-month within the quarter) rose, and that Townsquare Interactive, the company’s subscription service for digital marketing, earned nearly half of total net revenue. Continue Reading