Townsquare Media, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 4, 2026, disclosing a net loss of $3,986 thousand for the third quarter and an accumulated deficit of $408,562 thousand as of period end.

Key Highlights

  • Q3 2026 net revenue: $110,948 thousand, compared with $106,759 thousand in Q3 2025, according to the filing.
  • Q3 net loss: $3,986 thousand, with basic and diluted loss per share of $0.23 for the quarter.
  • Nine-month net loss: $42,835 thousand for the nine months ended September 30, 2026, versus $5,000 thousand in the same period of 2025.
  • Intangible asset impairment: $43,331 thousand in impairment of intangible assets, goodwill, and long-lived assets recorded in the nine months ended September 30, 2026.
  • Dividends declared: $0.20 per share declared in each of the three quarters ended March 31, June 30, and September 30, 2026, per the stockholders' deficit statements.
  • Total assets: $485,790 thousand as of September 30, 2026, down from $528,618 thousand at December 31, 2025.
  • Shares outstanding: 18,237,422 shares of common stock as of October 30, 2026, consisting of 16,922,126 Class A, 815,296 Class B, and 500,000 Class C shares.

Townsquare Media's Q3 2026 Financial Results and Balance Sheet Position

Townsquare Media, Inc. (NYSE:TSQ), a local media and digital advertising company, reported net revenue of $110,948 thousand for the three months ended September 30, 2026, an increase from $106,759 thousand in the year-earlier quarter, according to the filing. The company recorded a net loss of $3,986 thousand in Q3 2026, compared with a net loss of $5,498 thousand in Q3 2025. Direct operating expenses for the quarter were $82,270 thousand, and interest expense, net was $11,934 thousand, as stated in the consolidated statements of operations.

For the nine months ended September 30, 2026, the registrant disclosed net revenue of $323,082 thousand and a net loss of $42,835 thousand. The filing attributed a significant portion of the year-to-date loss to $43,331 thousand in impairment of intangible assets, goodwill, and long-lived assets, compared with $4,598 thousand in the same period of 2025. Operating loss for the nine-month period was $8,062 thousand, versus operating income of $34,119 thousand a year earlier.

As of September 30, 2026, total assets stood at $485,790 thousand, down from $528,618 thousand at December 31, 2025. Long-term debt, net of discount and deferred finance costs of $20,849 thousand, was $433,543 thousand. Total stockholders' deficit widened to $84,875 thousand from $40,992 thousand at year-end 2025. The accumulated deficit reached $408,562 thousand at September 30, 2026, reflecting the losses recorded during the nine-month period. The company also disclosed cash distributions to non-controlling interests of $1,569 thousand during the second quarter of 2026.

What Was Disclosed

Townsquare Media filed its quarterly report covering the period ended September 30, 2026, disclosing revenue, net losses, significant intangible asset impairments, balance sheet changes, per-share dividends of $0.20 declared in each of the three quarters, and share counts as of October 30, 2026.