Townsquare Media Inc
NYSE:TSQ
Townsquare Media Inc
Townsquare Media, Inc. is a community-focused digital media, digital marketing solutions and radio company. The company is headquartered in Purchase, New York and currently employs 2,340 full-time employees. The company went IPO on 2014-07-24. The Company’s integrated and diversified products and solutions enable local, regional and national advertisers to target audiences across multiple platforms, including digital, mobile, social, video, streaming, e-commerce, radio and events. The company has three segments: Subscription Digital Marketing Solutions, Digital Advertising and Broadcast Advertising. The Subscription Digital Marketing Solutions segment includes its subscription digital marketing solutions business, Townsquare Interactive. The Digital Advertising segment, which it markets externally as Townsquare Ignite, includes digital advertising on its owned and operated digital properties and its digital programmatic advertising platform. The Broadcast Advertising segment includes its local, regional and national advertising products and solutions delivered via terrestrial radio broadcast and broadcast advertising platform.
Townsquare Media, Inc. is a community-focused digital media, digital marketing solutions and radio company. The company is headquartered in Purchase, New York and currently employs 2,340 full-time employees. The company went IPO on 2014-07-24. The Company’s integrated and diversified products and solutions enable local, regional and national advertisers to target audiences across multiple platforms, including digital, mobile, social, video, streaming, e-commerce, radio and events. The company has three segments: Subscription Digital Marketing Solutions, Digital Advertising and Broadcast Advertising. The Subscription Digital Marketing Solutions segment includes its subscription digital marketing solutions business, Townsquare Interactive. The Digital Advertising segment, which it markets externally as Townsquare Ignite, includes digital advertising on its owned and operated digital properties and its digital programmatic advertising platform. The Broadcast Advertising segment includes its local, regional and national advertising products and solutions delivered via terrestrial radio broadcast and broadcast advertising platform.
Guidance Met: Q3 revenue and adjusted EBITDA landed in line with guidance, supported by strong expense control despite tough macro headwinds.
Digital Strength: Digital now drives 55% of total net revenue and segment profit, with Townsquare's digital revenue growth outpacing the industry.
Profit Margin Gains: Townsquare Interactive posted record profit margins above 33% in Q3, with profit up 21% year-over-year and strong margin expansion expected to continue.
Remnant Revenue Headwinds: Significant declines in remnant digital ad revenue from search traffic drops (down 50% YoY in Q3) drove a cut in full-year revenue and EBITDA guidance.
Broadcast Resilience: Core radio revenue declined as expected (-8% ex-political), but broadcast profit margins rose to 28% from 25% due to ongoing cost management.
Revised Outlook: Full-year guidance for revenue and adjusted EBITDA lowered due to steeper digital and political ad declines; 2025 revenue now expected between $426M–$430M, adjusted EBITDA $88M–$90M.
Debt & Dividends: Company reduced debt by $17M since February and maintained a high dividend yield (~13%), with continued focus on cash flow and shareholder returns.
