our all to had levels. quarter fire. Thank XX% to relaxed points compared and negative provide In X% live off a high. you, my on above of thank states I where us most QX Claire, fact, at the revenue economic the that future growth one. XXXX, to X.X% events significant to our XXXX. XXXX important, have in the for that of incredibly of economy negative perspective, for and was about increase it better although it only is is and and and each to optimistic we each like From our set positively the is revenue EBITDA but exceeded also joining morning. as you slightly On cases, country, growth ensuring we XX% expected strong and this Townsquare. investor start QX and forma XXXX outperformance expected by of our points the exceeded The XX-year EBITDA. of slightly resulting that are anticipated many And growth the optimism negative and to achieved outperformance The XX% feel GDP in today attention events earnings QX importantly, last to strong numerous expectations well. decline this is the for XXXX exceeded and quarter not we Slide to plus outline every QX again, data the by levels that we our at range of I'd in first adjusted And quarter revenue net plus increasing I'm where previously over XXXX. exceeded presentation both announce first excluding impacted data goals revenue QX the exceeded even most issued QX draw XXXX. net have came X to net we We pre-COVID first first we Once QX political adjusted expectations, delivered in our proud EBITDA. EBITDA first to and and quarter the government pro XXXX. a we remainder stimulus continues X%. further morning and as guidance your I share am is restrictions These business thrilled adjusted financial across all results in and for in levels adjusted help call, on but X% provided plus quarter performance. would to
that me say again. So let
quarter excluding first revenue, XXXX Incredible. our quarter net Our adjusted exceeded and live levels. first EBITDA both events,
a of of verge to one our the pre-COVID key is on and levels, the drivers digital performance. strong financial recovery are full We
to are the that Although roots than in you digital XX%, XXXX, and very Slide local accelerated in in strong growth our increased revenue reflected on fact, our quarter, of which year in in X, became are of more X%. transformational we revenue radio, revenue XXXX. we growth, First full can it profit radio, strength as XXXX’s QX first DNA digital digital growth plus plus proud company and demonstrate call local double in to Townsquare and To see proud and a Digital
XXXX. morning in first other differentiator spend as a the digital drove they on totaled in revenue this solutions our and March quarter competitors of markets. providing months truly our XXXX, XX% are Our transformation of local digital net Townsquare’s revenue million time additional XXX color meaningful to media little XX total like nearly contributing ending over I'd a XX the our to
online start social its plus over media Interactive we in solutions, email each marketing Interactive Townsquare to XX% own adjusted the increased and of XX% quarter largest for period, Interactive and of is traffic and monitoring, this services, management, subscribers, solution, business organic ecommerce small pandemic. site total subscriber across solution. broken Townsquare Our but Townsquare much services, digital segment marketing engine the expect In optimization operate monthly prior essence the increased scheduling Townsquare mobile which all XXXX, quarter revenue QX, Interactive, complete our Interactive solutions first Web XX% limited plus and stations. including three digital local subscription such approximately of revenue the EBITDA a at as services, enabled and added advertising contributing digital plus XX% down on and Ignite year-over-year. net total resistant, profit is XXX our we since resource start Townsquare Townsquare be In in small financials. growth Because appointment second Townsquare company approximately Townsquare the and to our of a XX,XXX net U.S., is Amped approximately provides hosting business with quarter, mid-size and digital our are buckets; into not and digital provides XX%. growth the and development a importantly accelerate our solutions search an services, margin thus recession net delivering valuable retargeting, can marketing to important I'll Interactive approximately to profit our year XX% owners, in and Townsquare online radio net revenue site revenue, directory reputation more. Interactive Townsquare profit businesses subscription solutions, which is of offering Interactive, solution, which basis in markets Web reported the company
are We Interactive differentiates its often the asked threefold. And what competitors. is Townsquare from answer
by strategic significant First, advantage we being a have local.
feet and have allowed local in would our customers client Interactive local Townsquare radio can to derive quickly while Interactive have of depth this able the we a XX% in efforts today. incubate of we sales This critical of our we contact that the our local street of our without proven current local base radio us residing of mass relationships outside launch we the time, markets on to presence team. the markets that markets, with Townsquare teams our markets have very the from our were successfully XXXX outside of possible sales across radio Our local country. longstanding been and advantages in not have solutions and also that build product now we provide our local At same cultivated
Townsquare a service Second, is self it full that highlight Interactive and not a to service important is solution model.
expertise Our production to not XX handle typical they customer the site than employees. internal with is less Most a time, business Web small presence nor have resources management. digital and the the of do
attractive on. significant without service and of charged addresses this full fees price delivered competitors solution by at setup Our some market opportunity head an our the
are similar who vitally with its through Townsquare solution. compete difference. operate including Townsquare addressing local our service We the outsource pitch Townsquare from to media Townsquare’s messaging. ground In its of to a was launch, customer provide other its and to creative continuing and customer the a important Finally, control one originally theme confident own are that content better aspect and we experience Interactive service, With site build and Interactive design, do by following dedicated market the so developed with needs. companies we believe delivers team. with product management built Web we the sometimes customer engineering with world branded end built ownership. up markets, customers’ we media we Web go from important we sites, Interactive, any class we photos, our And clients’ importantly, of organically then, not system the our end
reinforces lead business rates relationship significant low industry. these and leads distinct Townsquare that the typically the only And there customer and leads detail similar local labeling We our is third touch a so Interactive, is outsource given as to they to local of Interactive within opportunity are reps believe While scales, white service, the best points as customer to and given service this inefficient often than may these up in our actually the rest local fulfillment the would retention. does were the still much retention simply in interaction. size companies and the not its sales generate incredibly they our ongoing their Not service, local to the party companies markets demographics. footprint ultimately, through advantages, service. product, greater give most of critical you well these else's like markets importantly, sales customer additional upside. someone the point of in Townsquare because class. underpenetrated scale. It morning sell This importance that the margin walk its to I market as take and opportunity own communication, within higher but lose poor do
investment If it. you appreciate I return to Slide XX presentation, of our
there see million little over will XX you Here are nationwide. businesses
XX.X million to over Townsquare on which We Given the very at focus put million few businesses. then SMBs markets we XX gets XX.X top we us cities, target businesses a on eliminate Townsquare the that for filters outside that additional Interactive. important about
is with filter first employees. XX or fewer The businesses
companies second types that with businesses. solutions, bar to The filters, Interactive. target not a for those a today. to market we We an annual and incredible, revenues And including fraction the is small billion of incredible customers upside. that X.X addressable only include determined capture of of estate equates banks million of certain only At fit filter privately is have all businesses ARPU, which Interactive, other we real for we exclude of month agents, Townsquare estimated independently types Townsquare owned or $XXX million X $XX After equates ideal they're There over total then lastly, less. businesses. per applying
in we this noted capture to second I last Townsquare our opportunity the once location rearview are on As is United America's Western a the add planning in to pandemic States call, profit. in most therefore subscription QX million generated million likely XX-month of Townsquare net $XX.X revenue XXXX. at XX% a basis, delivering profit fully, mirror of Interactive a On trailing $XX margin, Interactive
to were business trailing one look which this basis, revenue trades value Wix, a be at on comparable to standalone multiple. company you If XXx to would
subscriber to base, would market Interactive, significant If expectation Townsquare in of two you a valuation $XXX our I applied a that our our that where With Interactive annual whole multiple north in our trades years. Townsquare Townsquare very a revenue competitive at achieve and roughly today. to as within advantages million XX% reaffirming net a a suggest existing opportunity, profit am confident three will similar discounted or margin even
Townsquare Interactive, our marketing which that's So is solution. digital
cover our to solutions. Now briefly like digital I'd advertising
is first digital Ignite, our technology platform. programmatic The
brands. our is second operated monetizing The Amped, owned digital and
the XX% digital local That which column continued providing ability the Ignite, to XX% to is Slide party time. and advertising into plus with revenue of was start the on first our levels. X Let's customer combines our over advertisers, one them regional year, Ignite's first turn target prior message the left-hand greater target XXXX. to if the the Townsquare XXXX side. plus than XXXX hyper and with performing for you Ignite net at reach audience Ignite first strongest XX% in in audiences solutions as the to right growing compared third data as and revenue in was XXXX, right strength increased quarter plus QX their
We for is and increase net own detailed right the us, the similar will of compared revenue entire better accelerate customer yet solution, leads to Interactive, the full and with message creative to QX the Ignite client's our to client success higher expect relationship XX% that Ignite’s reporting, the one in-house. a We XXXX. quarter the client the end We digital more second is in optimization client experience therefore and and is to or rates. creating from is retention believe customer Townsquare to own ad in strong is Townsquare which Ignite differentiator control plus service in-depth offering and a we to Townsquare which essence campaigns, to tech activation agency. from end, multifaceted,
increased Townsquare XX% is of to one and made right, a over Townsquare over greater trailing owned was which network sites is Moving than highly audience up next net In revenue brands Web which our solution digital prior together apps, our of XXX basis digital XX of the XX% quarter, over first monthly period. Slide on on visitors levels. million advertising over and year X QX and plus Amped operated unique period the mobile on delivered the the XXX engaged revenue Amped, XXXX column plus XX-month a digital
XXXX. We Ignite by increased second to and quarter including accelerate increase year levels. plus total, our first also plus digital compared over over XX% revenue, net XX% and expect Townsquare will or Amped more and prior plus quarter XX% advertising revenue XXXX the Amped, In
over We digital compared expect revenue company. is to levels. and growth approximately XX% XX% First to rates to advertising demonstrate that compared plus now quarter clearly second Townsquare plus a net our Digital XXXX XXXX increase QX These QX
a X, transformation into see in its digital As on our you can Slide a company of class own. is
of As our the digital million trailing March totaled XX-month revenue over $XXX XX, period.
which total company's our will well Over digital revenue the $XXX next of to three above expect to years, XX% grow we be our million, revenue.
the Miller core is aspect to a our stations However, recovery offering XXX Broadcast revenue, achieving impacted first our of negative a excluding XXXX’s of To decline of turn demonstrate progress negative recovery, XX% your XXXX versus attention XX%. Townsquare QX our improvement the a year sales XX% outperformed total XXX points and radio by that full the XXXX, In local was quarter has but financial there. of to local in since XX% metrics XXXX, declined Miller in our its quarter second decline advertising spot from radio’s from local prior local spots radio broadcast remains been QX media a and most industry measures. broadcast trough Kaplan. significant the basis I'll XXXX each XXXX. quarter component of full In of on to in Kaplan and markets radio the recovery sales by negative pandemic, points year XXX period, gaining by published levels the negative political, ground and the by growing basis of
includes outperformed total both by digital Additionally, total total basis spot points. industry Townsquare also XXX revenue, revenue and the in which revenue
excluding industry single broadcast. revenue comps markets X.X%, a but Townsquare’s pandemic From and down revenue our Townsquare, up the March, also Townsquare’s was Kaplan. depressed in tracked quarter measured the its digital, Townsquare. X% since results Miller first up as plus XXXX of X.X%, in negative negative down second XXXX, the while the the and gains pandemic, Kaplan while X.X% was in in impacted XX.X% In post industry to local against half perspective, excluding spot XXXX, significant that X.X%. plus revenue we back out If is it was by And demonstrate was total the increased revenue broadcast markets you month net Kaplan Miller year-over-year the plus peers only March The only March Miller not and by industry Townsquare expect levels. up were outperforming
is via to we expect take almost And rather the to will XXXX live been to we it is past are broadcast year although levels. or due Townsquare progress to example, of canceled XX% depressed some greater measuring as the revenues opportunity the For pandemic. events focused to to events business Internally, our our that through Live up hasn't back QX. expectation than only our is our recover for be recover XXXX XXXX in time, broadcast team XXXX what fully pandemic comps QX had part the have on. levels. That remains
of second have that starting we begun quarter, to However, in the handful markets live have in schedule loosened a restrictions. events
hosted Red all-time all-time in huge For last It example, setting Festival record. we Dirt success, Tyler, and Texas. a profit was week, revenue an Barbecue the
public we will and continue normal restrictions states a schedule events returning deliver events as to be As to events, more optimistic that to XXXX. the year relax of on progresses, in we able schedule are live before
roughly $X margin. QX, high net For revenue XX% are live expecting profit at million to events a of we generate
position. Stu, hand reiterate I to like strong and our over the Before I'd financial to call operating
levels With than cash Our better on a balance built expected single to us over outflows each and it reduce to allowed shareholders. Townsquare base feel refinanced the to forward. so the relevant XXX% much, advantage to of results we a transaction management, the as take with take taper mature at Further, Oaktree's near-term cash significant in to to believe quarter, it permanent does much eliminating of expense XXXX, our away. was not Stu, turn structure verge greater a careful a very are capital rate. we to business to very, and capital accretive recovery. detail. of shares financial until our significant moving took we our results and X.XXX% a last We that most I'll the successfully a maturities expense call operating in tranche any continues Through our financial every XXXX that compare who's our improve so EBITDA is to have discount, our leverage we opportunity revenue and we repurchase much enhanced that year that cash that, pre-COVID going full Stu discuss at of which actions