Quarterly ResultMay 11, 2026, 06:12 AM
Townsquare Media Q1 Net Income $2.96M; EPS $0.17
AI Summary
Townsquare Media reported a net income of $2.96 million, or $0.17 per basic share, for the first quarter of 2026, a significant improvement from a net loss of $1.51 million, or $0.12 per basic share, in the prior year. Net revenue slightly decreased by 1.92% to $96.78 million. The company recorded an operating loss of $1.27 million, primarily due to an $8.59 million impairment charge for FCC licenses, despite a substantial income tax benefit. Digital advertising revenue saw growth, while broadcast advertising and subscription digital marketing solutions experienced declines.
Key Highlights
- Net income for Q1 2026 was $2.96 million, a significant improvement from a $1.51 million loss in Q1 2025.
- Basic income per share was $0.17 in Q1 2026, up from a loss of $0.12 per share in Q1 2025.
- Net revenue slightly decreased by 1.92% to $96.78 million in Q1 2026 from $98.68 million in Q1 2025.
- Operating loss was $1.27 million in Q1 2026, compared to an operating income of $7.13 million in Q1 2025.
- Q1 2026 operating loss included an $8.59 million impairment charge for FCC licenses.
- Digital Advertising revenue grew 6.84% to $39.26 million in Q1 2026.
- Broadcast Advertising revenue decreased 6.62% to $38.65 million in Q1 2026.
- Net cash provided by operating activities was $4.20 million in Q1 2026, up from a $0.07 million use in Q1 2025.
Price Impact
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