| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 115.35 | 19.2% | 0.1% |
| Total Income | 115.35 | 19.2% | 0.1% |
| Expenditure | 127.65 | 30.2% | 35.2% |
| PBT | -23.77 | 86.9% | 386.4% |
| Net Profit | -41.98 | 1615.5% | 2773.9% |
| OPM | -10.66% | 9.34pp | 28.89pp |
| NPM | -36.39% | 39.26pp | 37.75pp |
| EPS | -2.36 | 1488.2% | 2460.0% |
Townsquare Reports Q2 2026 Results; Digital Advertising Accelerates to 11% Growth
06 Aug 2026 · 6 Aug, 3:43 pm
Summary
Townsquare Media reported second quarter 2026 net revenue of $115.4 million, a slight decrease of 0.1% year-over-year, largely due to a decline in Broadcast Advertising revenue. However, the Digital Advertising segment showed strong acceleration with 11.0% growth. The company reported a net loss of $41.8 million, significantly impacted by non-cash impairment charges related to FCC licenses, and Adjusted EBITDA decreased by 6.2% to $24.8 million. Management highlighted the execution of their Digital First Local Media Strategy, with digital businesses representing 57% of net revenue in the first half of the year.
Key Highlights
- 1
Townsquare reported second quarter net revenue of $115.4 million, a decrease of 0.1% year-over-year.
- 2
Digital Advertising revenue increased by 11.0% year-over-year to $47.2 million in the second quarter.
- 3
The company reported a net loss of $41.8 million for the second quarter, impacted by non-cash impairment charges.
- 4
Adjusted EBITDA for the second quarter was $24.8 million, a decrease of 6.2% compared to the prior year.
- 5
Townsquare Interactive, the Subscription Digital Marketing Solutions business, saw its Segment Profit increase by 3.4% in Q2.
- 6
For the first six months of 2026, net revenue decreased by 0.9% to $212.1 million, with a net loss of $38.8 million.
- 7
The company expects third quarter 2026 net revenue to be between $108 million and $110 million.
Management Comments
Bill Wilson
I am pleased to share that Townsquare once again delivered results in line with the net revenue and Adjusted EBITDA guidance we previously provided, reflecting the continued execution of our Digital First Local Media Strategy. Digital Advertising delivered another quarter of accelerating growth, our Media Partnerships business continued to scale rapidly, Townsquare Interactive achieved record profitability, and our Broadcast business generated meaningful cash flow while outperforming the industry. Together, these businesses drove second quarter net revenue of $115.4 million. For the second quarter, we reported a net loss of $41.8 million, which included significant non-cash impairment charges related to FCC licenses, as well as Adjusted EBITDA of $24.8 million and Adjusted Net Income of $3.7 million. Our Digital Advertising business, Townsquare Ignite, grew revenue 11% year-over-year, accelerating meaningfully from 7% year-over-year growth in the first quarter (and 2025’s growth rate of 2%), and we expect that momentum to further strengthen in the third quarter. Our Media Partnerships business, which did not exist just over two years ago, now extends our Digital Advertising platform into 41 incremental markets through 16 media partners (and growing). Together with Townsquare’s 74 owned markets, we have a digital programmatic advertising presence in 115 markets across the United States. Importantly, Media Partnership revenue is expected to more than double in 2026. Townsquare Interactive, our Subscription Digital Marketing Solutions business, delivered another quarter of record Segment Profit margins of nearly 38% while revenue stabilized sequentially in the quarter. As a result, our Digital businesses represented 57% of Townsquare’s net revenue and 59% of Segment Profit in the first six months of the year. We believe the combination of multiple scalable, high-margin digital growth platforms and a durable Broadcast cash flow business creates a differentiated company with significant long-term opportunities to drive shareholder value through sustained net revenue, Adjusted EBITDA and cash flow growth, net leverage reduction, and future dividend payments.
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