India, March 17 -- Townsquare Media, Inc. (TSQ) on Monday reported a profit in its fourth quarter, compared to prior year's loss, mainly with improved revenues.
Further, the Board of Directors approved a quarterly cash dividend of $0.20 per share. The dividend will be payable on May 1, to shareholders of record as of the close of business on April 17.
The cash dividend of $0.80 per share on an annual basis reflects a 1.3 percent increase from the prior dividend.
Looking ahead, for the first quarter, net revenue is expected to be between $98 million and $100 million, and Adjusted EBITDA is expected to be between $17 million and $18 million.
Further, for fiscal 2025, the company projects net revenue between $435 million and $455 million, ...