TSQ Townsquare Media Inc.
Price Chart
Executive Summary
Townsquare Media reported Q1 2026 net revenue of $96.8M, down 1.9% YoY, and Adjusted EBITDA of $16.4M, down 9.7% YoY. Net income improved to $3.0M from a -$1.5M loss, driven by a $12.6M income tax benefit. The company reaffirmed full-year 2026 guidance and declared a $0.20 quarterly dividend (~12% yield), but core broadcast and subscription segments declined, offset by 6.8% Digital Advertising growth.
Key Financial Metrics
Actionable Insight
Revenue and EBITDA declines signal ongoing structural headwinds in broadcast and subscription segments, partially offset by digital growth. The high dividend yield (~12%) may attract income-focused investors, but net leverage above 5x and negative free cash flow (after capex and interest) raise sustainability concerns. Monitor Q2 guidance execution and debt reduction progress.
Key Facts
- Q1 2026 net revenue $96.8M, down 1.9% YoY ($98.7M)
- Adjusted EBITDA $16.4M, down 9.7% YoY ($18.1M)
- Net income $3.0M vs net loss -$1.5M YoY, boosted by $12.6M income tax benefit
- Digital Advertising revenue +6.8% YoY to $39.3M; Subscription Digital Marketing -7.9% to $17.5M; Broadcast Advertising -6.6% to $38.6M
- Full-year 2026 guidance reaffirmed: net revenue $420M-$440M, Adjusted EBITDA $87M-$93M
- Q2 2026 guidance: net revenue $114M-$116M, Adjusted EBITDA $24M-$25M
- Quarterly dividend of $0.20 per share declared (~12% yield)
- Net leverage 5.27x; total debt $457.5M vs cash $2.2M
- GAAP EPS $0.16 diluted; Adjusted Net Loss per share -$0.16
- Non-cash impairment charge of $8.6M on intangible assets
Financial Impact
Net revenue decline of $1.9M (-1.9%) YoY; Adjusted EBITDA decline of $1.8M (-9.7%) YoY; net income improvement of $4.5M due to tax benefit
Risk Factors
- Continued decline in Broadcast Advertising revenue (-6.6% YoY) amid secular shift away from radio
- Subscription Digital Marketing Solutions revenue declining -7.9% YoY due to lower sales headcount
- High net leverage of 5.27x limits financial flexibility; interest expense up 10.6% YoY
- Non-cash impairment charges of $8.6M may signal further asset write-downs
- Dividend yield of ~12% may be unsustainable if cash flow deteriorates further
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3291670 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 11, 2026
4w ago
|
Press Release
| $7.21 $6.02 | ▼ −16.50% | ▼ −16.42% | $6.65 (−7.77%) |
|
Apr 15, 2026
8w ago
|
Press Release
| $6.45 $6.74 | ▲ +4.52% | ▲ +2.88% | $6.65 (+3.16%) |
|
Apr 6, 2026
9w ago
|
Press Release
| $5.48 $6.03 | ▲ +10.11% | ▲ +5.97% | $6.65 (+21.45%) |
|
Mar 27, 2026
11w ago
|
DEFA14A
| $4.77 $5.50 | ▲ +15.48% | ▲ +11.18% | $6.65 (+39.51%) |
|
Mar 16, 2026
12w ago
|
Press Release
| $5.96 $5.19 | ▲ +12.87% | ▲ +10.82% | $6.65 (−11.56%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access