TSQ earnings analysis
What we found in TSQ's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Digital Advertising Growth
- Digital Advertising revenue rose by $2.5 million, or 6.8%, contributing significantly to overall revenue.
- 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.
- Reaffirmed Full-Year Guidance
- Management confirmed 2026 revenue guidance of $420 million to $440 million.
- Reduced Operating Loss
- Operating loss reduced to $1.27 million from $7.13 million year-over-year.
- 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.
- Decreased Financing Costs
- Cash used in financing activities decreased significantly from $22.7 million to $3.6 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Impairment Charges
- Non-cash impairment charges increased to $8.6 million in Q1 2026, raising concerns about asset valuations.
- Declining Broadcast Revenue
- Broadcast Advertising net revenue decreased by $2.7 million, or 6.6%, due to reduced client advertising purchases.
- High Debt Levels
- Outstanding indebtedness as of March 31, 2026, was $434.2 million, raising concerns over financial leverage.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.16
- Segment
- Digital Advertising
- Segment
- Subscription Digital Marketing Solutions
- Segment
- Broadcast Advertising
What they said about what is next.
Management expects revenue between $420M and $440M for 2026.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing TSQ makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever