Townsquare Media Q1 Revenue Slips as Digital Grows

RADIO ONLINE | Monday, May 11, 2026 | 11:29am CT

Townsquare Media

Townsquare Media reported first quarter 2026 results showing a slight decline in overall revenue, while its digital business continued to expand and account for a growing share of the company's operations.

Net revenue for the quarter ended March 31 totaled $96.8 million, down 1.9% year-over-year. Adjusted EBITDA declined 9.7% to $16.4 million. However, the company reported net income of $3.0 million, an improvement of $4.5 million compared to a net loss of $1.5 million in the same period last year.

Digital operations remained the primary growth driver. Total digital revenue increased 1.8%, with digital advertising revenue rising 6.8% year-over-year. Digital accounted for 59% of total revenue and 63% of segment profit, both record highs for the company.

By contrast, broadcast advertising revenue declined 6.6% due to lower advertiser spending, while subscription digital marketing solutions revenue fell 7.9%, attributed in part to reduced sales capacity.

CEO Bill Wilson said the company's "Digital First Local Media" strategy continues to reshape its business mix, with growth supported by programmatic advertising, media partnerships and local digital properties.

Townsquare also announced that its board approved a quarterly dividend of $0.20 per share, payable August 3 to shareholders of record as of July 27.

Looking ahead, the company expects second quarter revenue between $114 million and $116 million, with full-year 2026 guidance reaffirmed in the range of $420 million to $440 million.