S&P 500
7,588.60
+0.51%
Dow Jones
52,758.90
+0.47%
Nasdaq 100
29,885.70
+0.46%
Russell 2000
2,982.51
-0.27%
FTSE 100
10,543.60
+0.61%
Nikkei 225
69,317.20
+0.42%
Townsquare Media

Townsquare Media (TSQ) Q1 2025 Earnings

Reported May 8, 2025 at 6:03 AM ET · SEC Source

Q1 25 EPS

$-0.05

BEAT +28.57%

Est. $-0.07

Q1 25 Revenue

$98.7M

MISS 0.27%

Est. $98.9M

vs S&P Since Q1 25

-28.8%

TRAILING MARKET

TSQ +4.8% vs S&P +33.6%

Market Reaction

Did TSQ Beat Earnings? Q1 2025 Results

Townsquare Media kicked off 2025 with a quarter that told two distinct stories, delivering a narrower-than-expected loss while its digital pivot continued to carry the company forward. The local media operator posted a Q1 loss of $0.05 per share, bea… Read more Townsquare Media kicked off 2025 with a quarter that told two distinct stories, delivering a narrower-than-expected loss while its digital pivot continued to carry the company forward. The local media operator posted a Q1 loss of $0.05 per share, beating the $0.07 consensus estimate by 28.57%, even as revenue of $98.67 million came in just 0.27% shy of expectations and declined 1.0% year-over-year. The headline driver was unmistakable: total digital revenue surged 6.4% to $55.77 million, now representing 57% of net revenue, while traditional broadcast advertising slid 9.1% to $41.31 million, underscoring the secular pressure on radio that has accelerated the company's strategic shift. Adjusted EBITDA rose 3.5% to $18.14 million, clearing the company's own guidance bar. A February debt refinancing extending maturities to 2030 added a meaningful capital structure tailwind, and management reaffirmed full-year guidance of $435 million to $455 million in net revenue alongside $90 million to $98 million in Adjusted EBITDA, signaling continued confidence in its digital-first trajectory.

Key Takeaways

  • • Total Digital net revenue increased 6.4% YoY, representing 57% of total net revenue and 62% of segment profit
  • • Digital Advertising net revenue grew 7.6% driven by programmatic advertising platform and owned/operated digital properties
  • • Subscription Digital Marketing Solutions revenue grew 4.2% with segment profit up 22.2%
  • • Total Digital Segment Profit increased 16.2% operating at a 25% first quarter profit margin
  • • Adjusted EBITDA increased 3.5% (6.2% excluding political), exceeding guidance
  • • Broadcast Advertising revenue declined 9.1% (8.3% excluding political)
24/7 Wall St

TSQ YoY Financials

Q1 2025 vs Q1 2024, 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 or exceeded our previously issued guidance, driven by the continued strength of our differentiated digital platform. Additionally, this morning we are reaffirming our 2025 full year guidance for both net revenue and Adjusted EBITDA. In the first quarter, net revenue decreased -0.5% year-over-year excluding political, and -1.0% in total, meeting our guidance, and Adjusted EBITDA increased +6.2% year-over-year excluding political, and +3.5% in total, exceeding our guidance.”

— Bill Wilson, Q1 2025 Earnings Press Release

Back to TSQ Stock Page