10-K · March 16, 2026
Townsquare presents a continued Digital First transition: digital revenue reached $236.0 million in 2025 (55% of net revenue) while Broadcast revenue fell to $183.4 million. Total net revenue was roughly $427.4 million…
Earnings analysis · 10-Q
TSQ earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Townsquare Media reported Q1 2026 results with revenues of $96.8 million, down 1.9% year-over-year, alongside a shift to a net income of $2.96 million from a loss of $1.51 million in the previous year. Despite this…
Read full summary
Townsquare Media reported Q1 2026 results with revenues of $96.8 million, down 1.9% year-over-year, alongside a shift to a net income of $2.96 million from a loss of $1.51 million in the previous year. Despite this decrease, Digital Advertising revenue increased by 6.8%, contributing significantly to offset declines in other segments, notably Broadcast Advertising, which decreased by 6.6%. Management reaffirmed their guidance, anticipating revenue for the full year 2026 to remain between $420 million and $440 million.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.16
- Segment
- Digital Advertising
- Segment
- Subscription Digital Marketing Solutions
- Segment
- Broadcast Advertising
What stood out
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Digital Advertising Growth
Digital Advertising revenue rose by $2.5 million, or 6.8%, contributing significantly to overall revenue.
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Net Income Turnaround
Net income improved to $2.96 million from a loss of $1.51 million, a gain of $4.47 million year-over-year.
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Reaffirmed Full-Year Guidance
Management confirmed 2026 revenue guidance of $420 million to $440 million.
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Reduced Operating Loss
Operating loss reduced to $1.27 million from $7.13 million year-over-year.
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Lower Cash Operating Costs
Direct operating expenses saw a slight decrease of 0.3%, while broadcast operating income decreased but was offset by gains in digital.
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Decreased Financing Costs
Cash used in financing activities decreased significantly from $22.7 million to $3.6 million.
What to watch
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Impairment Charges
Non-cash impairment charges increased to $8.6 million in Q1 2026, raising concerns about asset valuations.
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Declining Broadcast Revenue
Broadcast Advertising net revenue decreased by $2.7 million, or 6.6%, due to reduced client advertising purchases.
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High Debt Levels
Outstanding indebtedness as of March 31, 2026, was $434.2 million, raising concerns over financial leverage.
Management's outlook
Management expects revenue between $420M and $440M for 2026.
Earlier filings 4
10-K · March 17, 2025
Townsquare positions itself as a “Digital First” local media company, leveraging a portfolio of 344 radio stations and >400 local sites to sell integrated digital and broadcast advertising. In 2024 digital revenue…
10-Q · August 7, 2024
Townsquare reported quarterly net revenue of $118.225M (Q2) roughly flat vs $121.231M in Q2 2023, but reported a large net loss of $48.858M (loss per share $3.26) driven by higher impairment, stock‑based comp and an…
10-Q · November 9, 2023
Townsquare Media reported quarterly net revenue of $115,104,000 (Q3 2023), down from $120,635,000 in Q3 2022, and recorded a net loss of $36,503,000 (diluted loss per share $(2.27)). Operating results were pressured by…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.