Townsquare Media Inc-A 2025年季度报告

OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number001-36558 Townsquare Media, Inc. One Manhattanville RoadSuite 202 10577(Address of Principal Executive Offices, including Zip Code) (203)861-0900(Registrant's telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule12b-2 of theExchange Act. SmallerreportingcompanyEmerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the ExchangeAct).Yes☐No☒ Financial Statements (Unaudited)Consolidated Balance Sheets as ofMarch31, 2025and December 31, 2024Consolidated Statements of Operations for the threemonths endedMarch31, 2025and 2024 Consolidated Statements of Cash Flows for thethree monthsendedMarch31, 2025and 2024Notes to Unaudited Consolidated Financial Statements Defaults upon Senior SecuritiesMine Safety Disclosures Annual Report on Form 10-K"). The accompanying unaudited interim Consolidated Financial Statements include the consolidatedaccounts of the Company and its wholly-owned subsidiaries, with all significant intercompany balances and transactions eliminated in United States ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q. Accordingly, they do notinclude all of the information and notes required by U.S. GAAP for complete financial statements. All adjustments (consisting only of normal, recurring adjustments) necessary for a fair presentation of results of operations and financial condition as of the end of theinterim periods have been included. The results of operations for the three months ended March 31, 2025, cash flows for the three months ended March 31, 2025, and the Company’s financial condition as of such date are not necessarily indicative of the results ofoperations or cash flows that can be expected for, or the Company’s financial condition as of, any other interim period or for the fiscalyear ending December31, 2025. The Consolidated Balance Sheet as of December31, 2024 is derived from the audited ConsolidatedFinancial Statements at that date. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates andjudgments that affect the reported amounts of assets, liabilities, revenue and expenses and related disclosures of contingent assets andliabilities. On an ongoing basis, the Company evaluates its significant estimates, including those related to assumptions used indetermining the fair value of assets and liabilities acquired in a business combination, impairment testing of intangible assets, Actual amounts and results may differ materially from these estimates under different assumptions or conditions. There have been no significant changes in the Company’s accounting policies since December31, 2024. For the Company's detailed accounting policies please refer to the Consolidated Financial Statements and related notes thereto included in the Company's2024 Annual Report on Form 10-K.Recently Issued Standards That Have Not Yet Been AdoptedIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures,which requires additional categories of information about federal and state income taxes in the rate reconciliation table and to providemore details about reconciling items in some categories if items meet a quantitative threshold. The guidance also requires the Note 3.Revenue Recognition The following tables present a disaggregation of our revenue by reporting segment and revenue from political sources and allother sources (in thousands) for the three months ended March 31, 2025 and 2024:Three Months Ended March 31, 2025 Digital AdvertisingMarketing SolutionsAdvertisingOtherNet Revenue (ex Political)$34,084$18,253$44,467$1,769$72—988— Revenue from contracts with customers is recognized as an obligation until the terms of a customer contract are satisfied; thisoccurs with the transfer of control as we satisfy contractual performance obligations. Our contractual performance obligations includethe performance of digital marketing solutions, placement of internet-based advertising campaigns, broadcast of commercials on ourowned and operated radio stations, and the operation of live events. Revenue is measured at contract inception as the amount ofconsideration we expect to receive in exchange for transferring goods or providing services. Our contracts are at a fixed price atinception and do not include any variable consideration or financing components by normal course of business practice. Sales, value digital programmatic advertising