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MARKETS / NYSE / Communication services / Radio broadcasting / TSQ
NYSE · RADIO BROADCASTING STATIONS · MID CAP

Townsquare Media, Inc. TSQ

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$427.4M
▼ 5.2% YoY
$-11.5M
$15.4M
▼ 50.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Townsquare is a community-focused digital and broadcast media and digital marketing solutions company principally focused outside the top 50 markets in the U.S. As of December 31, 2025, it employed 1,804 full and part-time employees. The Company has identified three segments, which are Digital Advertising, Subscription Digital Marketing Solutions, and Broadcast Advertising, with the remainder of its business reported in an Other category. The Digital Advertising segment, marketed externally as Townsquare Ignite, is a combination of its proprietary digital programmatic advertising platform, its owned and operated digital properties, and an in-house demand and data management platform, and generated revenue of $161.2 million in 2025. The Subscription Digital Marketing Solutions segment encompasses Townsquare Interactive, its subscription digital marketing solutions business, which generated net revenue of $74.8 million in 2025. Its primary source of Broadcast Advertising net revenue is the sale of advertising on its local radio stations to local, regional and national spot advertisers and national network advertisers, and that segment generated revenue of $183.4 million in 2025. Townsquare was founded in 2010 with 60 radio stations in 13 markets.

Written from the business description in Townsquare Media, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 16 March 2026. Every sentence was checked against that document before publication.

Growth

USD 427.4M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 427.4 · Net income -11.5
200M400M-40M-80M
201220152018202120242025
Compound annual growth
−2.6%
+2.9%
−0.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.9% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 10.3% · Net -2.3%
5%10%15%-10%-20%
201220182025
ROE
FY2023 · ROE -113.8%
10%20%-50%-100%
201220182025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Gross margin25.5%
Operating margin10.3%
Net margin-2.3%
EBITDAUSD 62.6M

Return on equity has no reading this year — return on capital employed, just below, still does: 9%.

Cash & shareholders

USD 0.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 15.4
20M40M
201220182025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks -0.9
10M20M
2016201720182019202020212022202320242025
Dividends paid·
Net buybacksUSD -853,000.00
Share of profit-0.0%
Consecutive raises2 years

Total assetsUSD 528.6M
CashUSD 4.8M
Gross debtUSD 433.0M
Net debtUSD 428.2M
Current ratio0.84×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
TSQ, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.40.50.50.50.40.40.40.40.40.40.40.40.30.2
Operating income $B0.00.0−0.00.10.1−0.1−0.00.00.00.10.10.00.00.0
EBITDA $B0.10.00.00.10.1−0.1−0.00.00.10.10.10.10.10.0
Income tax $B0.00.0−0.0−0.00.0−0.0−0.00.0−0.00.00.00.00.00.0
Net income $B−0.0−0.0−0.00.00.0−0.1−0.1−0.1−0.00.00.0−0.00.00.0
Free cash flow $B0.00.00.10.00.00.00.00.00.00.00.00.00.00.0
EPS, diluted $◌−0.81−2.68◌◌◌◌◌−0.560.850.37−1.41◌◌
Dividend / sh $0.800.790.75◌0.000.070.300.300.000.00◌◌◌◌
Payout %———————−6−00————
ROE %——−113.820.822.3−58.2−30.9−32.0−3.76.12.8−6.04.53.1
Shares out B◌0.02◌◌◌◌◌◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Townsquare Media, Inc.vsSirius XM Holdings Inc.Same industry: Radio Broadcasting StationsTownsquare Media, Inc.vsiHeartMedia, Inc.Same industry: Radio Broadcasting StationsTownsquare Media, Inc.vsCumulus Media Inc.Same industry: Radio Broadcasting StationsTownsquare Media, Inc.vsUrban One, Inc.Same industry: Radio Broadcasting StationsTownsquare Media, Inc.vsSalem Media Group, Inc.Same industry: Radio Broadcasting StationsTownsquare Media, Inc.vsBeasley Broadcast Group Inc.Same industry: Radio Broadcasting StationsTownsquare Media, Inc.vsMediaco Holding Inc.Same industry: Radio Broadcasting Stations
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Provenance

Company facts, as filed

How we verify · 0 failures in 46 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. Seven checks were skipped: EPS is not tagged before 2014.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRadio Broadcasting Stations
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2012

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