What is the revenue and EPS growth rate for Townsquare Media year over year?

What guidance did Townsquare Media's management provide for the next earnings period?

What factors drove the changes in Townsquare Media's revenue and profit?

What does Townsquare Media do and what are its main business segments?

What is Townsquare Media's latest dividend and current dividend yield?

What is Townsquare Media's gross profit margin?

What is the market's earnings forecast for Townsquare Media next quarter?

Did Townsquare Media beat or miss consensus estimates last quarter?

- **Digital Dominance**: 55% of revenue now from digital, up from 52%, with programmatic +high single digits and owned properties +10% YoY.
- **Profit Resilience**: Broadcast ex-political profit margin 28% (vs. 25% prior), Interactive profit +21% despite 2% revenue decline.
- **Headwinds & Growth**: Remnant revenue down 50% YoY, but media partnerships to scale to $50M in 5 years.
- **2025 Guidance**: Net revenue $426-430M, EBITDA $88-90M, with Q4 revenue $105-109M.
- **Interactive Margin Expansion**: 33% profit margin in 2025, targeting 30%+ in 2026 despite salesforce rebuild.

**【CEO Summary Section】**
- Total net revenue of $106.8 million met Q3 guidance, with adjusted EBITDA of $22 million. Digital revenue now accounts for 55% of total net revenue, up from 52% in 2024, driven by programmatic advertising growth (+high single digits) and direct sales of owned digital properties (+10% year-over-year). Remnant revenue declined 50% YoY due to AI-driven search traffic declines, offsetting programmatic growth. Broadcast advertising ex-political declined 8% YoY but maintained 28% profit margin, up from 25% in Q3 2024. Townsquare Interactive (SaaS) delivered 21% profit growth despite 2% revenue decline, driven by AI efficiency and reduced salesforce costs.

**【CFO Financial Commentary】**
- Q3 net loss of $5.5 million ($0.36 per share) reflected $18 million cash flow from operations, down $3 million YoY. Debt reduced by $17 million through Q3, with net leverage of 4.71x. Full year 2025 guidance revised to net revenue $426-$430 million (down from prior $430-$435 million) and adjusted EBITDA $88-$90 million (down from $90-$92 million), due to $7.5 million remnant revenue decline and $1 million political revenue shortfall. Q4 2025 guidance: net revenue $105-$109 million, adjusted EBITDA $21.5-$23.5 million.

**【Q&A Key Highlights】**
- **Broadcast Advertising Stabilization**: Q4 ex-political decline of 8% vs. Q3's 8%, with slight improvement in sales trends. Profit margin up 3% YoY to 28%.
- **Interactive Segment Momentum**: 33% profit margin in Q3 (vs. 28% historical), driven by AI and reduced salesforce. 2025 profit growth expected despite 2026 revenue recovery lag.
- **Ignite Media Partnerships**: 6 partners signed, contributing $6 million in 2025 revenue at 20% margin. Potential to scale to $50 million in 5 years.
- **Remnant Revenue Outlook**: 2025 remnant revenue expected to decline $7.5 million (from $20 million in 2024), stabilizing in H2 2026.


Townsquare Media, Inc. (TSQ) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

TSQ

TSQ fundamentals

You can ask Aime