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Townsquare Media

Townsquare Media (TSQ) Q1 2026 Earnings

Reported May 11, 2026 at 6:05 AM ET · SEC Source

Q1 26 EPS

$-0.16

MISS 23.08%

Est. $-0.13

Q1 26 Revenue

$96.8M

MISS 0.42%

Est. $97.2M

vs S&P Since Q1 26

+0.6%

BEATING MARKET

TSQ +2.7% vs S&P +2.1%

Market Reaction

Did TSQ Beat Earnings? Q1 2026 Results

Townsquare Media fell short of Wall Street expectations in Q1 2026, posting a loss of $0.16 per share against a consensus estimate of $0.13, a miss of 23.08%, as revenue slipped 1.9% year-over-year to $96.78 million, just below the $97.19 million ana… Read more Townsquare Media fell short of Wall Street expectations in Q1 2026, posting a loss of $0.16 per share against a consensus estimate of $0.13, a miss of 23.08%, as revenue slipped 1.9% year-over-year to $96.78 million, just below the $97.19 million analysts had anticipated. The headline pressure stemmed largely from $8.59 million in non-cash intangible asset impairment charges, which swung the company to an operating loss of $1.27 million compared to operating income of $7.13 million a year earlier, while Adjusted EBITDA declined 9.7% to $16.38 million. The bright spot was digital advertising, where Townsquare Ignite grew 6.8% to $39.26 million, helped by a Media Partnerships division that doubled its revenue and now serves 13 partners, pushing digital operations to 59% of total net revenue. Broadcast Advertising continued its structural erosion, falling 6.6% to $38.65 million. Despite the quarterly softness, management reaffirmed full-year 2026 guidance of $420 million to $440 million in net revenue, with Q2 net revenue expected between $114 million and $116 million.

Key Takeaways

  • • Digital Advertising revenue grew 6.8% YoY driven by increases in client advertising purchases
  • • Media Partnerships revenue doubled; now serving 13 partners
  • • Digital operations generated 59% of total revenue and 63% of total Segment Profit
  • • Townsquare Interactive Segment Profit margin reached 34% with YoY margin expansion
  • • $12.6 million increase in income tax benefit due to reduction in valuation for interest expense carryforwards
  • • Broadcast Advertising declined 6.6% due to decreases in client advertising purchases
  • • Subscription Digital Marketing Solutions declined 7.9% due to reduced sales velocity from lower headcount

TSQ Forward Guidance & Outlook

For Q2 2026, net revenue is expected to be between $114 million and $116 million, and Adjusted EBITDA is expected to be between $24 million and $25 million. For full year 2026, the company reaffirmed net revenue guidance of $420 million to $440 million and Adjusted EBITDA guidance of $87 million to $93 million. Management expects Digital Advertising revenue to continue high-single digit growth throughout the year, driven by consistent programmatic performance, Media Partnerships success, strong direct sales growth of owned-and-operated digital properties, and stabilization of online audience and remnant revenue.

24/7 Wall St

TSQ YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

TSQ Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 24 Q1 26

“I am pleased to share that Townsquare's first quarter results met our previously issued net revenue and Adjusted EBITDA guidance, driven by the strength of our differentiated Digital Advertising platform. Additionally, we are reaffirming our 2026 full year guidance for both net revenue and Adjusted EBITDA. In the first quarter, net revenue decreased -1.9% year-over-year, Adjusted EBITDA decreased -9.7% year-over-year, and net income improved $4.5 million year-over-year.”

— Bill Wilson, Q1 2026 Earnings Press Release

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