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TSQ

Townsquare Media, Inc.

TSQ

Townsquare Media, Inc. • NYSE
$4.93 ▲ 4.23% (+0.20)
Market Cap $78.72 M
52w High $10.50
52w Low $4.30
Dividend Yield 0.80%
P/E 4.18
Volume 57.76K
Outstanding Shares 15.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $106.759M ▼ $9.051M ▼ $-5.902M ▼ -5.528% ▼ $-0.36 ▼ $10.694M ▼
Q2-2025 $115.448M ▲ $11.569M ▼ $1.567M ▲ 1.357% ▲ $0.097 ▲ $24.628M ▲
Q1-2025 $98.675M ▼ $15.726M ▼ $-1.982M ▼ -2.009% ▼ $-0.12 ▼ $9.713M ▼
Q4-2024 $117.813M ▲ $15.906M ▼ $24.557M ▲ 20.844% ▲ $1.59 ▲ $26.748M ▲
Q3-2024 $115.311M $16.42M $10.847M 9.407% $0.71 $20.986M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.211M ▲ $539.234M ▼ $573.197M ▲ $-37.394M ▼
Q2-2025 $3.183M ▼ $545.729M ▲ $572.821M ▲ $-30.119M ▲
Q1-2025 $5.528M ▼ $544.516M ▼ $571.342M ▼ $-30.71M ▲
Q4-2024 $32.99M ▲ $580.414M ▲ $608.856M ▼ $-31.855M ▲
Q3-2024 $21.786M $565.416M $617.879M $-55.956M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-5.498M ▼ $7.88M ▼ $-1.485M ▼ $-6.367M ▲ $28K ▲ $4.325M ▼
Q2-2025 $1.567M ▲ $10.165M ▲ $2.438M ▲ $-14.948M ▲ $-2.345M ▲ $6.375M ▲
Q1-2025 $-1.982M ▼ $-4.712M ▼ $-4.344M ▼ $-18.083M ▼ $-27.462M ▼ $-9.187M ▼
Q4-2024 $24.557M ▲ $28.191M ▲ $-2.321M ▲ $-15.175M ▼ $11.204M ▲ $24.521M ▲
Q3-2024 $11.336M $9.873M $-3.613M $-12.983M $-6.723M $4.781M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Digital Advertising Segment
Digital Advertising Segment
 $80.00M ▲$40.00M ▼$40.00M ▲$40.00M ▲
Other Digital Segment
Other Digital Segment
 $0 ▲$0 ▲$10.00M ▲$0 ▼
Subscription Digital Marketing Solutions Segment
Subscription Digital Marketing Solutions Segment
 $0 ▲$20.00M ▲$20.00M ▲$20.00M ▲
Broadcasting Advertising Segment
Broadcasting Advertising Segment
 $110.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Townsquare’s sales have been fairly steady in recent years, without strong growth but also without a major collapse. Profitability, however, has been choppy. The company moved from small profits a few years ago to losses more recently. Operating performance is only slightly positive, and after interest and other costs, the bottom line is negative. That suggests the core business is working, but debt costs and legacy items weigh heavily on reported earnings. Overall, the income statement shows a stable revenue base but fragile profitability and meaningful exposure to the health of the local advertising market.

Balance Sheet

Balance Sheet The balance sheet is debt-heavy and getting tighter. Total assets have been edging down, cash on hand is modest, and debt remains high relative to the size of the business. Shareholders’ equity has slipped from positive to slightly negative, which usually reflects past losses, write‑downs, or heavy leverage. This structure can work if cash flows stay healthy, but it reduces financial flexibility and leaves less room to absorb shocks, such as a downturn in local advertising or higher interest rates.

Cash Flow

Cash Flow Despite weak accounting profits, the business consistently generates cash from operations. Investment needs are relatively low, so after basic capital spending, there is a recurring stream of free cash flow. The amounts are not large, but they are steady, which helps support debt service and ongoing digital investments. The key risk is that this cash flow depends heavily on the stability of local ad spending and the success of the digital transition; if revenues soften, the cushion is limited.

Competitive Edge

Competitive Edge Townsquare has carved out a strong niche in smaller and mid‑sized markets, where national media giants are less aggressive. Its mix of local radio brands, local news sites, and digital marketing tools makes it a “one‑stop” partner for many small and mid‑sized businesses. The direct sales relationships and deep local presence are important strengths and create a defensible position versus large, more impersonal online ad platforms. On the other hand, the company still faces structural headwinds in traditional radio and ongoing competition from big tech for digital ad dollars, so its moat depends on continuing to execute well at the local level and keeping its tech offerings compelling.

Innovation and R&D

Innovation and R&D The company has invested heavily in its own digital platforms rather than relying only on third‑party tools. Townsquare Ignite focuses on sophisticated, data‑driven ad targeting across many digital channels, while Townsquare Interactive offers small businesses a subscription package that includes websites, CRM‑like tools, marketing automation, and e‑commerce. These platforms move the business away from one‑off radio ads and toward recurring, higher‑margin digital revenue. Newer efforts—such as white‑labeling Ignite to other media companies, expanding the Interactive software suite, and building standalone local news sites with partners—show a clear push to deepen its technology edge. The main uncertainty is whether these products can keep pace with rapid changes in digital marketing and stand out against much larger tech competitors.

Summary

Townsquare Media is in the middle of a long‑term shift from traditional radio to a digital‑first local media and marketing model. Revenues are steady but not fast‑growing, and reported profits are thin or negative, largely due to debt costs and legacy burdens. The balance sheet carries significant leverage and now slightly negative equity, which raises financial risk, but the business does produce consistent, modest free cash flow. Strategically, the company’s focus on underserved smaller markets, combined with proprietary digital ad and SaaS platforms, gives it a distinctive position with local advertisers. The long‑term story hinges on whether digital products can grow enough to offset pressure on traditional media, improve margins, and gradually strengthen the balance sheet. Investors watching the company typically focus on digital revenue mix, debt reduction, and the adoption of its Ignite and Interactive platforms as key indicators of progress—and on the resilience of local advertising if economic conditions worsen.

NEWS

November 26, 2025 · 5:14 PM UTC

Exclusive Release of Trump Vodka Added to NobleCon21 Experiential Kickoff

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November 25, 2025 · 2:30 PM UTC

Townsquare to Participate in Upcoming Investor Conference

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November 18, 2025 · 4:46 PM UTC

Florida Lt. Governor Jay Collins and FAU President Adam Hasner to Open the NobleCon21 Kickoff Event

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November 10, 2025 · 6:00 AM UTC

Townsquare Reports Q3 Results

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October 1, 2025 · 11:00 AM UTC

Townsquare Announces Conference Call to Discuss Third Quarter 2025 Results and Participation in Upcoming Emerging Growth Conference

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