Q4 25 EPS
$-0.32
MISS 390.91%
Est. $0.11
Q4 25 Revenue
$106.5M
BEAT +0.09%
Est. $106.4M
vs S&P Since Q4 25
-15.6%
TRAILING MARKET
TSQ -2.7% vs S&P +12.8%
Full Year 2025 Results
FY 25 EPS
$-0.71
MISS 308.82%
Est. $0.34
FY 25 Revenue
$427.4M
BEAT +0.03%
Est. $427.2M
Market Reaction
Did TSQ Beat Earnings? Q4 2025 Results
Townsquare Media closed out Q4 2025 with results that met guidance but underscored the hangover from a blockbuster 2024 election cycle, posting a net loss of $0.32 per share as revenue fell 9.6% year-over-year to $106.50 million, a hair above the con… Read more Townsquare Media closed out Q4 2025 with results that met guidance but underscored the hangover from a blockbuster 2024 election cycle, posting a net loss of $0.32 per share as revenue fell 9.6% year-over-year to $106.50 million, a hair above the consensus estimate of $106.36 million. The headline decline was driven almost entirely by the absence of political advertising dollars that had inflated the year-ago quarter; stripping out political revenue, the drop narrows to a more manageable 4.5%. A $15.10 million swing in the income tax provision compounded the pressure, contributing to a net loss of $4.75 million versus net income of $25.04 million in Q4 2024. The company's digital operations offered a measure of resilience, with that segment now accounting for 55% of full-year net revenue, though this under-the-radar stock still contends with elevated gross leverage of 5.19x. Management guided Q1 2026 revenue of $96 million to $98 million and sees full-year 2026 net revenue reaching $420 million to $440 million.
Key Takeaways
- • Digital business now represents 55% of total net revenue and 56% of total segment profit
- • Programmatic digital advertising platform and Media Partnership division grew 9% year-over-year
- • Direct sales of owned and operated digital properties grew 9% year-over-year
- • Townsquare Interactive delivered record 34% segment profit margin with 17.4% segment profit growth
- • Strong expense management kept Adjusted EBITDA margins constant year-over-year excluding political despite revenue declines
- • Broadcast Advertising revenue decline of 17.8% (7.9% ex-political) driven by lower client spending and absence of election-cycle political revenue
- • Declining search engine referral traffic created headwinds for remnant digital advertising revenue
TSQ YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
TSQ Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am pleased to share that Townsquare's fourth quarter and year end results met our previously issued net revenue and Adjusted EBITDA guidance, reflecting our team's hard work in the current environment. We are proud that the execution of our Digital First Local Media strategy allowed us to deliver excellent results for our clients, while also outperforming competitors and gaining market share.”
— Bill Wilson, Q4 2025 Earnings Press Release
TSQ Earnings Trends
TSQ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TSQ EPS Trend
Earnings per share: estimate vs actual
TSQ Revenue Trend
Quarterly revenue: estimate vs actual
TSQ Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.13 | $-0.16 | -23.08% | $96.8M | -0.42% |
| Q4 25 MISS FY | $0.11 | $-0.32 | -390.91% | $106.5M | +0.09% |
| FY Full Year | $0.34 | $-0.71 | -308.82% | $427.4M | +0.03% |
| Q3 25 BEAT | $0.03 | $0.05 | +66.67% | $106.8M | -1.14% |
| Q2 25 MISS | $0.25 | $0.22 | -12.00% | $115.4M | +0.59% |
| Q1 25 BEAT | $-0.07 | $-0.05 | +28.57% | $98.7M | -0.27% |
| Q4 24 BEAT FY | $0.58 | $0.60 | +3.45% | $117.8M | +1.20% |
| FY Full Year | $1.07 | $1.09 | +1.87% | $451.0M | +0.31% |