Townsquare Media has unveiled its 2026 first-quarter financial results. In totality, the company saw a slight revenue decline.
What We Know: Overall, Townsquare Media saw a 1.9% revenue decline during the first three months of 2026. Despite the dip, the company saw a large increase in net income during the quarter.
What the Numbers Show:
| Segment | Revenue | Change |
|---|---|---|
| Net Revenue | $96.7 million | ↓ 5.0% |
| Broadcast Net Revenue | $38 million | ↓ 6.6% |
| Digital Advertising Net Revenue | $39.2 million | ↑ 6.8% |
| Net Income | $3 million | ↑ 296% |
| Adjusted EBITDA | $16.4 million | ↓ 9.7% |
What They Said: “Looking forward, due to our confidence in our Digital First Local Media strategy, our focus on markets outside of the Top 50 U.S. cities, and the strong cash generation characteristics of our business model, we remain assured in our ability to build shareholder value for our investors through long-term net revenue, Adjusted EBITDA and cash flow growth, net leverage reduction, and future dividend payments.” -Townsquare Media CEO Bill Wilson
What It Means: Townsquare adjusted its net revenue guidance for the second quarter following the release of the results. It expects second-quarter revenue to be between $114 and $116 million. Its total year revenue projections remain between $420 million and $440 million.
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Garrett Searight is Barrett Media’s News Editor, which includes writing daily news stories, features, and opinion columns. He joined Barrett Media in 2022 after a decade leading several radio brands in several formats, as well as a 5-year stint working in local television. In addition to his work with Barrett Media, he is a radio and TV play-by-play broadcaster. Reach out to him at Garrett@BarrettMedia.com.
