Townsquare Media

Townsquare Media reported adjusted EPS of $0.21 for Q2, beating the consensus estimate of $0.16; revenue was $115.4 million, slightly above estimates. The digital business showed strength: Townsquare Ignite grew 11% and programmatic revenues rose 27%, with digital revenue now accounting for about 57% of net revenue. Results were weighed down by non‑cash impairments on FCC licenses ($26.6 million) and tax charges, producing a reported net loss of $41.8 million. The company narrowed its 2026 outlook and expects Q3 revenue of $108–110 million and adjusted EBITDA of $22.5–23.5 million, highlighting the high net debt of $462 million (net leverage 5.44x) as a risk. » More on de.investing.com

Townsquare reported for Q1 2026 a digital revenue share of 59% of total revenue and beat expectations with EPS of $0.16 (consensus had forecast a loss of $0.16). Net revenue was $96.8m and adjusted EBITDA $16.4m, while the digital segment generated $56.8m and contributed 63% of segment profit. The company emphasizes its transformation into a “digital-first” provider with 25m monthly unique visitors, a first-party data platform and a strong position in small- and mid-sized markets. For Q2 and full-year 2026 Townsquare expects moderate revenue growth and adjusted EBITDA of $24–25m and $87–93m, respectively, but notes risks such as increased leverage (net debt 5.27x EBITDA) and declining radio revenues. » More on de.investing.com

Townsquare Media has agreed a partnership with Broadway Media under which Broadway will use Townsquare Ignite’s digital advertising technologies and white‑label solutions. The cooperation expands Townsquare’s reach by 31 markets and integrates digital advertising capabilities into Broadway’s radio, out‑of‑home and digital platforms. Townsquare emphasizes that its digital business now accounts for more than half of revenue and profit; the company will report its next quarterly results on May 11. » More on de.investing.com