Q2 26 EPS Adjusted
$0.21
Q2 26 Revenue
$115.4M
Market Reaction
Did TSQ Beat Earnings? Q2 2026 Results
Townsquare Media, Inc. Delivered a mixed second quarter for fiscal 2026, posting results in line with its own guidance but underscored by a jarring GAAP net loss of $41.81 million, driven largely by $26.64 million in non-cash FCC license impairment c… Read more Townsquare Media, Inc. Delivered a mixed second quarter for fiscal 2026, posting results in line with its own guidance but underscored by a jarring GAAP net loss of $41.81 million, driven largely by $26.64 million in non-cash FCC license impairment charges that obscured otherwise stable underlying performance. Net revenue came in at $115.35 million, essentially flat year-over-year at -0.1%, while adjusted EPS of $0.21 reflected steady profitability on a non-GAAP basis. The clearest bright spot was Digital Advertising through its Townsquare Ignite platform, where revenue accelerated 11.0% year-over-year as programmatic advertising gained traction and the company's Media Partnerships business expanded to 16 partners across 41 incremental markets. Offsetting that momentum, Townsquare Interactive revenue slid 8.5% to $17.17 million, and Broadcast Advertising fell 5.5% to $46.51 million. Management reiterated full-year 2026 guidance of $425 million to $431 million in net revenue and $87 million to $90 million in Adjusted EBITDA, with digital businesses already comprising 57% of first-half net revenue and further momentum expected in Q3.
Key Takeaways
- • Digital Advertising revenue accelerated to 11% YoY growth from 7% in Q1 2026 and 2% for full-year 2025
- • Media Partnerships business scaling rapidly, now serving 16 partners across 41 incremental markets
- • Townsquare Interactive achieved record segment profit margins of nearly 38%
- • Broadcast Advertising outperformed the broader industry despite 5.5% revenue decline
- • Political revenue of $1.3 million in Q2 2026 vs $0.6 million in Q2 2025
TSQ Forward Guidance & Outlook
For Q3 2026, net revenue is expected to be between $108 million and $110 million, and Adjusted EBITDA is expected to be between $22.5 million and $23.5 million. For full year 2026, net revenue is expected to be between $425 million and $431 million, and Adjusted EBITDA is expected to be between $87 million and $90 million, both within original guidance ranges. Digital Advertising momentum is expected to further strengthen in Q3. Media Partnership revenue is expected to more than double in 2026.
TSQ YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
TSQ Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Bill Wilson, Q2 2026 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
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | $0.21 | — | $115.4M | — |
| 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% |