Townsquare Media posted mixed first-quarter 2026 results Monday, with a modest year-over-year revenue decline offset by strong digital growth that pushed digital operations to record shares of both revenue and profit.
Net revenue for the quarter ended March 31 totaled $96.8 million, down 1.9% from the prior year. Adjusted EBITDA fell 9.7% to $16.4 million. However, the company swung to a net income of $3.0 million, a $4.5 million improvement from a $1.5 million net loss in Q1 2025.
Digital operations drove the performance, generating record highs of 59% of total net revenue and 63% of segment profit. Digital revenue rose 1.8% overall, while digital advertising revenue climbed 6.8%. These gains were fueled by programmatic advertising, media partnerships, and growth in local owned-and-operated digital properties.
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| Bill Wilson |
CEO Bill Wilson highlighted the company’s ongoing transformation under its “Digital First Local Media” strategy. “With our digital growth engine driving our performance, each year our business mix continues to shift to a greater percentage of both digital revenue and profit,” Wilson said. He noted that digital advertising returned to high-single-digit growth, supported by programmatic offerings, media partnerships, and stabilizing online audiences. Townsquare Interactive also delivered strong margins of 34%.
The board approved a quarterly cash dividend of $0.20 per share, payable on August 3 to shareholders of record as of July 27.Looking ahead, Townsquare expects Q2 2026 net revenue between $114 million and $116 million. The company reaffirmed its full-year 2026 guidance of $420 million to $440 million in net revenue, reflecting confidence in its digital momentum and focus on local markets outside the top 50 U.S. cities.