Townsquare Q2 Adj EBITDA beats guidance; net income swings to $2M vs loss of $48.9M

Townsquare Media, Inc.

2025-Q2 EPS reported -$0.03 vs consensus $0.21 ▼ miss (-114.5%)

Net revenue $115.4M, down 2.3% YoY; ex-political revenue down 1.6%.
Net income $2.0M vs net loss of $48.9M a year ago; diluted EPS $0.09, adjusted EPS $0.22.
Adjusted EBITDA $26.4M, up 0.7% YoY and above guidance; ex-political up 3.8% to $25.9M.
Digital segments: 55% of H1 net revenue, segment profit +9.4% YoY; Digital Advertising revenue +2.4% Q2.
Q3 2025 outlook: revenue $106.5-108.5M, Adj EBITDA $22-23M; full-year guidance reaffirmed.

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