Townsquare Reports Third Quarter 2026 Results

(NYSE: TSQ) Townsquare Media, Inc. announced its financial results for the third quarter ended September 30, 2026. Net revenue for the quarter was $110.9 million, representing a 3.9% increase year-over-year and exceeding the company's guidance range. Adjusted EBITDA for the quarter was $22.6 million, up 2.7% year-over-year and within guidance. The company reported a net loss of $4.0 million for the quarter, which narrowed by $1.5 million compared to the prior year period. Digital Advertising net revenue grew 12.7% year-over-year, with programmatic revenue growth of 22.5%. The Media Partnerships business now serves 18 partners and extends the digital programmatic advertising platform to 122 markets across the United States. Townsquare Interactive delivered Segment Profit margins of 36% in Q3. Excluding political, Broadcast Advertising net revenue declined 5.2% in the third quarter. The company expects Broadcast Advertising declines to deepen in the fourth quarter, partly due to political advertising crowding out other inventory. Townsquare Interactive's profit remains strong, but lower-than-anticipated sales velocity means it will not return to sequential revenue growth in Q4 2026 as previously projected. The Board of Directors approved the suspension of the quarterly cash dividend in November 2026 to redirect capital toward general corporate liquidity and strategic growth opportunities. Suspending the dividend will preserve approximately $14 million of cash annually. The previously declared quarterly dividend of $0.20 per share was paid on November 2, 2026 to stockholders of record as of October 26, 2026. For the third quarter, net loss per diluted share was $(0.23) and Adjusted Net Income per diluted share was $0.12. For the nine months ended September 30, 2026, net revenue increased 0.7% to $320.4 million, and net loss increased $37.8 million to $42.8 million. Adjusted EBITDA for the nine months was $63.8 million, down 4.2% year-over-year. As of September 30, 2026, the company had $4.6 million in cash and cash equivalents and $467.5 million in outstanding indebtedness, representing 5.48x gross and 5.43x net leverage based on Adjusted EBITDA for the twelve months ended September 30, 2026 of $85.3 million. The company had 16,922,126 shares of Class A common stock, 815,296 shares of Class B common stock, and 500,000 shares of Class C common stock outstanding as of October 30, 2026, for a total of 18,237,422 shares. For the fourth quarter of 2026, net revenue is expected to be between $107 million and $109 million, and Adjusted EBITDA is expected to be between $23 million and $25 million. For the full year 2026, net revenue is expected to be between $430 million and $432 million, and Adjusted EBITDA is expected to be between $87 million and $89 million. The company will host a conference call to discuss these results and guidance on November 4, 2026.

Townsquare Announces Digital Advertising Partnership With Broadway Media

Townsquare Media, Inc. (NYSE: TSQ) announced a strategic digital advertising partnership with Broadway Media, a Salt Lake City-based multimedia company with seven radio stations and a dominant billboard network. This partnership is one of 11 recent alliances formed under Townsquare's Media Partnerships division, extending Townsquare’s reach into 31 new markets beyond its existing footprint, including those in the Top 50 DMAs. Townsquare's digital segment now contributes more than half of the Company’s total revenue and profit. The collaboration aims to deliver customized, data-driven advertising solutions to local, regional, and national clients.