---
schema_version: "secwatch.filing_event.v1"
accession: "0001499832-23-000108"
form_type: "8-K"
ticker: "TSQ"
cik: "0001499832"
company_name: "Townsquare Media, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:35:48.755704+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Townsquare Q3 net loss $36.5M; revenue down 4.6%; digital advertising grows 5.5%

## Summary
- Net loss of $36.5M vs net income of $2.8M a year ago; diluted EPS loss of $2.27.
- Revenue $115.1M, down 4.6% YoY; Broadcast Advertising down 8.6%, Subscription Digital down 12.6%.
- Digital Advertising revenue up 5.5% to $38.9M; segment Adjusted Operating Income up 6.3%.
- Adjusted EBITDA $27.2M, down 12.1% YoY; Q4 2023 guidance: revenue $110.6-$112.6M, EBITDA $24.8-$25.8M.
- Declared $0.1875/share quarterly dividend payable Feb 1, 2024; repurchased $14.2M of 2026 notes and 0.1M shares in Q3.

## SEC filing metadata
- accession: 0001499832-23-000108
- form_type: 8-K
- ticker: TSQ
- cik: 0001499832
- company_name: Townsquare Media, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499832/000149983223000108/0001499832-23-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499832/000149983223000108/tsq-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001499832-23-000108
- JSON: https://secwatch.observer/filing/0001499832-23-000108.json
- Plain text: https://secwatch.observer/filing/0001499832-23-000108.txt

## Key facts
- Earnings Releases
  Townsquare Media, Inc. reported the third quarter ended September 30, 2023 results: revenue $115.1 million, net income net loss of $36.5 million, EPS Diluted loss per share was $2.27.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $115.1 million
  - Net income: net loss of $36.5 million
  - EPS: Diluted loss per share was $2.27
  - Result: reported results
  source text: September 30, 2023 Compared to the Quarter Ended September 30, 2022 Net Revenue Net revenue for the three months ended September 30, 2023 decreased $5.5 million, or 4.6%, to $115.1 million as compared to $120.6 million in the same period in 2022. Broadcast Advertising net revenue decreased $5.1 million, or 8.6%, and Subscription Digital Marketing Solutions net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499832/000149983223000108/0001499832-23-000108-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.