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Townsquare Reports Second Quarter 2026 Results; Digital Advertising Revenue Accelerates to 11% Growth Year-Over-Year

TSQ
  • Townsquare Media reported Q2 2026 net revenue of $115.4 million, down 0.1% year-over-year.
  • Digital advertising revenue grew 11% year-over-year to $47.2 million, with total digital revenue representing 57% of net revenue in the first half of 2026.
  • The company reported a net loss of $41.8 million for Q2 2026, driven by $26.6 million in non-cash impairment charges related to FCC licenses.
  • Adjusted EBITDA for Q2 2026 was $24.8 million, down 6.2% from the prior year quarter.
  • Media Partnerships revenue is on pace to more than double in 2026, now serving 16 partners across 41 incremental markets.
  • Townsquare Interactive achieved record segment profit margins of nearly 38% in the second quarter.
  • Broadcast advertising net revenue decreased 5.5% to $46.5 million due to lower client ad purchases.
  • Subscription Digital Marketing Solutions revenue declined 8.5% to $17.2 million, attributed to reduced sales velocity from lower headcount.
  • The Board of Directors approved a quarterly cash dividend of $0.20 per share, payable on November 2, 2026.
  • Full-year 2026 net revenue guidance remains between $425 million and $431 million, with Adjusted EBITDA guidance between $87 million and $90 million.
  • As of June 30, 2026, the company held $1.2 million in cash with $462.2 million in outstanding indebtedness, reflecting a net leverage ratio of 5.44x.
  • Digital businesses accounted for 59% of total segment profit in the first six months of 2026.