Townsquare Media has released its 2025 second-quarter financial results, and while the total revenue for the company was down overall, it pointed to an increase in digital revenue as cause for optimism.
Total revenue declined 2.3% year-over-year during April, May, and June. That figure drops to 1.6% when political advertising during the unprecedented 2024 election cycle is excluded.
Broadcast radio revenue dropped 9.2% for the company, in line with what was expected and shared on a previous earnings call.
However, the largest gains for Townsquare Media was in the digital realm. The sector saw a 9.4% year-over-year profit increase. Townsquare Ignite — the company’s digital advertising arm — saw a 2.4% increase in revenue, while Townsquare Interactive — the subscription digital marketing division — saw revenue of 1.4%.
Overall, the company shared that 55% of its total revenue and its total segment profit comes from the digital sector.
“We are proud that our business model gives us the ability to deliver solid and consistent results, while also producing strong cash flow, which we have been applying towards organic investment in our business and debt paydown, and which we will continue to do for the remainder of the year,” said CEO Bill Wilson.
During the quarter, Townsquare Media retired $10 million of its outstanding debt. The company’s Adjusted EBITDA rose to $26.4 million, exceeding the forecast from the first quarter.
Additionally, the company’s board of directors approved a $0.20 per share quarterly dividend. Townsquare also noted that it’s full-year forecast now projects between $435-$440 million in revenue, with an adjusted EBITDA of $90-$94 million.
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