Townsquare Media (NYSE:TSQ) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

08 Aug 2026, 03:10 by Tristan Rich · The Markets Daily

Townsquare Media (NYSE:TSQ – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02, FiscalAI reports. The firm had revenue of $114.00 million during the quarter, compared to analyst estimates of $114.74 million. Townsquare Media had a negative return on equity of 7.18% and a negative net margin of 11.82%.

Here are the key takeaways from Townsquare Media’s conference call:

Digital advertising accelerated, with Q2 revenue up 11% year over year versus 6.8% in Q1; programmatic revenue rose 27%. Management expects Q3 digital advertising growth to exceed Q2’s rate.
The media partnership business expanded to 16 partners and 115 total markets, with 2026 revenue expected to more than double from approximately $6 million in 2025. Townsquare also signed its first CRM software licensing deal and continues to target $50 million of partnership revenue at a 20% margin within four years.
Townsquare Interactive delivered record segment profit margins of 37.6%, supported by cost savings, automation, and AI. Revenue stabilized at roughly $5.7 million per month in Q2, with sequential growth expected by Q3 or year-end as the sales force is rebuilt.
Q2 revenue was approximately flat at $115.4 million and Adjusted EBITDA declined 6.2% to $24.8 million, while management maintained full-year guidance of $425 million-$431 million in revenue and $87 million-$90 million of Adjusted EBITDA.
The company recorded a $41.8 million net loss, driven largely by a $26.6 million non-cash FCC license impairment and an $18 million tax expense. Townsquare ended the quarter with $462 million of debt and net leverage of 5.44 times, although it expects leverage to decline in the second half.

Townsquare Media Price Performance

Shares of Townsquare Media stock traded up $0.18 during trading on Friday, hitting $6.51. 93,957 shares of the company’s stock traded hands, compared to its average volume of 70,074. Townsquare Media has a 1 year low of $4.30 and a 1 year high of $7.97. The stock has a market capitalization of $111.25 million, a P/E ratio of -2.26, a PEG ratio of 2.51 and a beta of 1.22. The business has a 50-day simple moving average of $6.54 and a 200-day simple moving average of $6.48.

Townsquare Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 26th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Monday, October 26th. Townsquare Media’s dividend payout ratio is presently -186.05%.

Insider Activity

In other Townsquare Media news, COO Erik Hellum sold 35,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $6.44, for a total value of $225,400.00. Following the completion of the transaction, the chief operating officer owned 914,542 shares of the company’s stock, valued at approximately $5,889,650.48. The trade was a 3.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert L. Worshek sold 34,299 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $6.62, for a total transaction of $227,059.38. Following the transaction, the chief accounting officer owned 142,722 shares in the company, valued at $944,819.64. This represents a 19.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 30.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TSQ. Beck Mack & Oliver LLC boosted its holdings in Townsquare Media by 8.6% in the fourth quarter. Beck Mack & Oliver LLC now owns 1,073,600 shares of the company’s stock worth $5,518,000 after purchasing an additional 85,000 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Townsquare Media by 52.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 271,693 shares of the company’s stock valued at $2,212,000 after buying an additional 93,753 shares during the last quarter. Geode Capital Management LLC raised its stake in Townsquare Media by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 153,075 shares of the company’s stock valued at $787,000 after buying an additional 8,177 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Townsquare Media by 16.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 95,972 shares of the company’s stock valued at $493,000 after buying an additional 13,373 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Townsquare Media by 63.1% during the 2nd quarter. Marshall Wace LLP now owns 82,107 shares of the company’s stock valued at $649,000 after buying an additional 31,773 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSQ. Wall Street Zen upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Townsquare Media from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Zacks Research downgraded shares of Townsquare Media from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Barrington Research reiterated an “outperform” rating and set a $10.00 price target on shares of Townsquare Media in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Get Our Latest Stock Analysis on TSQ

Key Townsquare Media News

Here are the key news stories impacting Townsquare Media this week:

Positive Sentiment: Adjusted earnings beat expectations: Townsquare reported second-quarter adjusted EPS of $0.21, exceeding the $0.19 consensus estimate, although revenue of $114.0 million was slightly below the $114.74 million forecast. EPS was $0.22 in the year-ago quarter. Townsquare Media Q2 Earnings and Revenues Surpass Estimates
Positive Sentiment: Digital advertising momentum accelerated: Digital advertising revenue grew 11% year over year in the second quarter. Digital represented 57% of first-half revenue and 59% of segment profit, while the company said its media-partnership business is on pace to more than double revenue in 2026 and now serves 16 partners. Townsquare Reports Second Quarter 2026 Results
Positive Sentiment: High dividend yield supports the shares: Townsquare declared a quarterly dividend of $0.20 per share, payable November 2 to shareholders of record October 26. The payment implies $0.80 annually and a reported yield of approximately 12.7%, subject to future company decisions.
Neutral Sentiment: Near-term outlook is mixed: Third-quarter revenue guidance of $108 million to $110 million brackets the $109 million consensus estimate, while the company’s media-partnership expansion and digital strategy were key topics in management’s earnings call. Townsquare Q2 2026 Earnings Call Transcript
Negative Sentiment: Impairment and weaker full-year revenue outlook remain concerns: A large impairment charge clouded the digital growth story and contributed to reported profitability pressures. Full-year 2026 revenue guidance of $425 million to $431 million is below the $432.4 million analyst consensus, signaling limited expectations for top-line growth. Digital Growth Clouded by Big Impairment Charge for TSQ

About Townsquare Media

(Get Free Report)

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.