Quarterly ResultMay 11, 2026, 06:02 AM
Townsquare Media Q1 Digital Ad Revenue +6.8%; Net Income Up $4.5M
AI Summary
Townsquare Media reported Q1 2026 financial results, meeting its net revenue and Adjusted EBITDA guidance. Digital Advertising revenue grew +6.8% year-over-year, driving 59% of total revenue and 63% of total Segment Profit from digital solutions. While overall net revenue decreased -1.9% and Adjusted EBITDA fell -9.7%, net income improved by $4.5 million. The company reaffirmed its full-year 2026 guidance and declared a quarterly cash dividend of $0.20 per share.
Key Highlights
- Digital Advertising net revenue increased +6.8% YoY to $39.26 million in Q1 2026.
- Net revenue decreased -1.9% YoY to $96.78 million in Q1 2026.
- Adjusted EBITDA decreased -9.7% YoY to $16.38 million in Q1 2026.
- Net income improved $4.5 million YoY to $3.0 million in Q1 2026.
- Board approved a quarterly cash dividend of $0.20 per share, payable August 3, 2026.
- Q2 2026 net revenue guidance is $114 million to $116 million.
- Full year 2026 net revenue guidance reaffirmed at $420 million to $440 million.
- Subscription Digital Marketing Solutions net revenue decreased -7.9% to $17.51 million.