Here are the 10-Q quarterly reports from Townsquare Media, Inc. (TSQ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TSQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TSQ filings page.
Townsquare Media, Inc. (TSQ) reported third-quarter revenue of $110.9 million, up 3.9% from $106.8 million a year earlier, and net loss of $4.0 million, versus $5.5 million. Digital Advertising revenue rose 12.7% to $45.3 million, while Subscription Digital Marketing Solutions revenue fell 8.5% to $17.1 million. For the first nine months, revenue was $323.1 million and net loss was $42.8 million, compared with $5.0 million a year earlier.
Nine-month results included $43.3 million of non-cash FCC-license impairment charges across 21 of 74 local markets. Operating income was $34.1 million in 2025, versus an $8.1 million loss in 2026. Operating cash flow was $12.9 million, down from $18.0 million. As of September 30, 2026, indebtedness, net of unamortized discount and deferred financing costs, was $446.7 million, and cash and cash equivalents were $4.6 million. The company expected approximately $53.4 million in mandatory debt service over the next 12 months and believed operating cash generation would meet liquidity needs for at least 12 months. In November 2026, the board approved suspending the $0.20-per-share quarterly dividend to redirect capital toward general corporate liquidity and strategic growth opportunities.
Townsquare Media, Inc. reported net revenue of approximately $115.4 million for the three months ended June 30, 2026, essentially flat year over year, but swung to a net loss of about $41.8 million, or $2.36 per share, from $2.0 million of net income in the prior-year period. The shift was driven mainly by $26.6 million of non-cash FCC license impairment charges, lower Broadcast Advertising revenue and the absence of prior-year asset sale gains.
Digital Advertising revenue grew, while Subscription Digital Marketing Solutions and Broadcast Advertising declined, leading to a 5.4% drop in total segment profit. For the first six months of 2026, revenue was $212.1 million with a net loss of $38.8 million, including $35.2 million of FCC license impairments. Operating cash flow was $7.8 million, total debt was $440.0 million against assets of $494.7 million, and stockholders’ deficit widened to $79.2 million. The company continued its quarterly cash dividend of $0.20 per share.
Townsquare Media reported Q1 2026 net revenue of $96.8 million, slightly below the prior year’s $98.7 million as Broadcast and Subscription Digital Marketing softened while Digital Advertising grew. Segment profit declined 7.2% to $21.2 million.
The company posted an operating loss of $1.3 million versus $7.1 million of operating income a year earlier, mainly due to an $8.6 million non-cash impairment of FCC licenses. A $15.7 million income tax benefit turned this into net income of $3.0 million, compared with a $1.5 million net loss a year ago.
Digital Advertising revenue rose to $39.3 million, while Broadcast Advertising fell to $38.6 million and Subscription Digital Marketing Solutions to $17.5 million. The company remains highly leveraged with $434.2 million of debt (net of costs) but generated $4.2 million of operating cash flow, ended with $2.2 million of cash, and continued its $0.20 per share quarterly dividend.
Townsquare Media (TSQ) reported a softer quarter. Q3 2025 net revenue was $106,759 thousand, down from $115,311 thousand a year ago, with operating income of $5,936 thousand versus $15,097 thousand. The company posted a net loss of $5,498 thousand (basic and diluted EPS of $0.36 loss), compared to net income of $11,336 thousand last year, as higher interest expense ($12,606 thousand vs. $9,175 thousand) and a $3,000 thousand goodwill impairment in the National Digital unit weighed on results.
Year to date, revenue was $320,882 thousand versus $333,169 thousand, and net loss was $5,000 thousand versus a $35,969 thousand loss last year. Cash and cash equivalents were $3,211 thousand at September 30, 2025. The company refinanced its capital structure on February 19, 2025, issuing a five-year $470,000 thousand Term Loan and a $20,000 thousand Revolving Credit Facility, using proceeds to redeem its 2026 Notes; the Term Loan rate was 9.20% at quarter end. The effective tax rate reflected the impact of the One Big Beautiful Bill Act of 2025, increasing deductible interest. As of November 5, 2025, outstanding common shares totaled 16,460,616 across Classes A, B and C.