TSQ PRESS-RELEASE SEC Filing Analysis

Final — all horizons settled through T+60d

TSQ ▲ +10.05% at T+60d

SHORT call ✗ call lost -10.05% · α vs SPY +0.43% · entry $5.96 → $6.56

Last close $6.56 (close Jun 8) · -10.05% from $5.96 entry (call sign-flipped)

Entry anchored
Mar 13, 03:54 PM ET
via Databento tick

T+1d

-5.05%

call +5.05% · α +5.32%

$5.66

settled 3mo ago

T+5d

-12.87%

call +12.87% · α +10.82%

$5.19

settled 3mo ago

T+20d

+5.86%

call -5.86% · α -2.08%

$6.31

settled 8w ago

T+60d

+10.05%

call -10.05% · α +0.43%

$6.56

settled in 5h

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Executive Summary

Townsquare Media reported full-year 2025 results with net revenue down 5.2% and Adjusted EBITDA down 12.2%, driven by declines in broadcast advertising and political revenue. Digital revenue grew 0.9%, with digital now representing 55% of total net revenue and 56% of segment profit. The company generated $30.6 million in operating cash flow and reduced debt by $22.6 million post-refinancing. Guidance for 2026 projects revenue between $420M–$440M and Adjusted EBITDA between $87M–$93M.

Key Financial Metrics

Revenue

$427.4M

-5.2% YoY

Adj. EPS

$0.26

GAAP: $-0.71

Guidance

$420M-$440M

maintained

Actionable Insight

Despite strong digital segment performance and debt reduction, overall revenue and EBITDA declines are concerning. The high dividend yield may be unsustainable if earnings continue to erode. Monitor 2026 Q1 revenue against the $96M–$98M guidance range and watch for stabilization in digital traffic trends.

Key Facts

Full-year 2025 net revenue decreased 5.2% to $427.4 million, with a 2.8% decline excluding political revenue.
Adjusted EBITDA fell 12.2% to $88.1 million, with a 3.0% decline excluding political revenue.
Digital revenue increased 0.9% to $236.0 million, now representing 55% of total net revenue.
Digital Advertising revenue grew 1.6% to $161.2 million; Townsquare Interactive segment profit rose 17.4%.
Broadcast Advertising revenue declined 12.6% to $183.4 million, down 8.0% excluding political.
Company generated $30.6 million in operating cash flow and reduced debt by $22.6 million since February 2025 refinancing.
2026 guidance: revenue $420M–$440M, Adjusted EBITDA $87M–$93M.
Maintained quarterly dividend of $0.20 per share, yielding ~11% based on current stock price.

Financial Impact

Revenue declined by $23.6 million and Adjusted EBITDA by $12.3 million year-over-year. Digital growth offset some broadcast declines. Debt reduced by $22.6 million.

revenueebitdacashFlowdebtdividend

Risk Factors

Continued decline in broadcast advertising revenue and exposure to political cycle volatility.
High dividend yield (11%) may not be sustainable if cash flow weakens.
Digital audience headwinds from search engine traffic declines may persist into 2026.

Market Snapshot

Exchange

NYSE

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3256062

5 reports for TSQ

T+1T+5T+20T+60

Filters

Reports for TSQ — sortable, filterable
	Type				Now
May 11, 2026 29d ago	Press Release MIXED ★ 5/10	$7.21 $6.02	▼ −16.50%	▼ −16.42%	$6.56 (−9.02%)
Apr 15, 2026 7w ago	Press Release NEUTRAL ★ 4/10	$6.45 $6.74	▲ +4.52%	▲ +2.88%	$6.56 (+1.77%)
Apr 6, 2026 9w ago	Press Release NEUTRAL ★ 3/10	$5.48 $6.03	▲ +10.11%	▲ +5.97%	$6.56 (+19.81%)
Mar 27, 2026 10w ago	DEFA14A NEUTRAL ★ 2/10	$4.77 $5.50	▲ +15.48%	▲ +11.18%	$6.56 (+37.62%)
Mar 16, 2026 12w ago	Press Release BEARISH ★ 6/10	$5.96 $5.19	▲ +12.87%	▲ +10.82%	$6.56 (−10.05%)

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