Highlights

  • Declares quarterly dividend of USD 0.20 per share, yielding around 13%.
  • Q3 2025 net revenue fell 7.4% year-over-year; net loss stood at USD 5.5 million.
  • Subscription Digital Marketing Solutions segment profit rose 21.1%.

Townsquare Media, Inc. (NYSE:TSQ) released its financial results for the third quarter ended September 30, 2025. The company’s Board of Directors also approved a quarterly cash dividend of USD 0.20 per share, payable on February 2, 2026, to shareholders of record as of January 26, 2026. Based on the latest closing price, this reflects a dividend yield of approximately 13%.

Townsquare operates through three key segments: Digital Advertising, Subscription Digital Marketing Solutions, and Broadcast Advertising. Its digital and broadcast platforms collectively support advertisers and businesses across regional and local markets. The company also operates a live events division under its “Other” segment.

Third Quarter Results

Compared with the same period in 2024, net revenue decreased 7.4%, or 4.5% excluding political revenue. The company recorded a net loss of USD 5.5 million, down from a net income of USD 11.3 million in Q3 2024. Adjusted EBITDA declined 13.5%, or 2.0% excluding political activity.

Digital performance showed mixed results. Total digital net revenue decreased 1.8%, while Digital Advertising revenue fell 1.5%. However, the Subscription Digital Marketing Solutions business, marketed as Townsquare Interactive, recorded a 2.3% revenue decline but achieved a 21.1% increase in segment profit, reflecting margin improvements.

Meanwhile, Broadcast Advertising revenue declined 13.8%, or 8.1% excluding political activity. Total digital segment profit dropped 6.8%, and digital advertising segment profit declined 20.1%.

On a per-share basis, the company reported a net loss per diluted share of USD 0.36, and adjusted net income per diluted share of USD 0.05.

During the quarter, Townsquare repaid USD 8.7 million of its Term Loan, including a voluntary prepayment of USD 5.8 million at a discount to par.

Year-to-Date Performance

For the nine months ended September 30, 2025, Townsquare’s net revenue decreased 3.7%, or 2.3% excluding political. The company narrowed its net loss to USD 5.0 million, compared to a USD 36.0 million loss in the prior-year period.

Adjusted EBITDA declined 3.8%, but rose 2.4% excluding political factors. Total digital net revenue grew 2.1%, with Digital Advertising up 2.6% and Subscription Digital Marketing Solutions up 1.1%.

Segment-level results showed total digital segment profit increased 3.6%, driven by a 19.4% rise in the subscription digital marketing solutions business. However, broadcast advertising revenue dropped 10.8%, or 8.0% excluding political impact.

Financial Developments

In 2025, Townsquare entered into a five-year USD 490 million Credit Agreement, comprising a USD 470 million Senior Secured Term Loan Facility and a USD 20 million Revolving Credit Facility. The company also redeemed all outstanding 2026 Senior Secured Notes totaling USD 467.4 million, continuing its balance sheet optimization efforts.