Quarterly ResultAug 6, 2026, 06:18 AM

Townsquare Q2 Net Loss $(41.8)M; Intangible Impairment $26.6M

AI Summary

Townsquare Media reported a net loss of $(41.8) million for Q2 2026, a significant decline from a net income of $2.0 million in Q2 2025. This was primarily driven by a substantial impairment charge of $26.6 million on intangible assets. Net revenue for the quarter remained relatively flat at $115.3 million. For the six months ended June 30, 2026, the company recorded a net loss of $(38.8) million.

Key Highlights

Q2 2026 net loss attributable to controlling interests was $(41.976) million, compared to net income of $1.567 million in Q2 2025.
Impairment of intangible assets totaled $26.643 million for Q2 2026, up from $1.500 million in Q2 2025.
Net revenue for Q2 2026 was $115.353 million, a slight decrease from $115.448 million in Q2 2025.
Operating loss for Q2 2026 was $(12.292) million, a reversal from operating income of $21.050 million in Q2 2025.
Total assets decreased to $494.722 million as of June 30, 2026, from $528.618 million at December 31, 2025.
Total liabilities increased to $573.932 million as of June 30, 2026, from $569.610 million at December 31, 2025.
Cash and cash equivalents were $1.170 million as of June 30, 2026, down from $4.759 million at December 31, 2025.
Net cash provided by operating activities for the six months ended June 30, 2026, was $7.779 million, down from $10.129 million in the prior year period.

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TSQ

Broadcasting

Townsquare Media, Inc.

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