Townsquare Media Reports Q3 2026 Results with Revenue Beat and Raised Full-Year Guidance
Townsquare Media (TSQ) reported third-quarter 2026 net revenue of $110.9 million, a 3.9% year-over-year increase that exceeded previous guidance. While the company faced challenges in its Townsquare Interactive segment and traditional broadcast advertising—excluding political spending—strong growth in digital advertising and programmatic revenue helped bolster results. Digital advertising grew 12.7% to $45.3 million, driven largely by the Townsquare Ignite platform. Despite a net loss of $4 million due to an $8.1 million noncash impairment charge, adjusted net income rose to $0.12 per diluted share. To prioritize liquidity and debt service amid high interest rates and a 5.43x leverage ratio, the company announced it will suspend its dividend. Management raised full-year revenue guidance to between $430 million and $432 million, supported by an increased forecast for political advertising spending.
Tickers: $TSQ
Topics: adjusted EBITDA digital advertising guidance net revenue political spending