---
schema_version: "secwatch.filing_event.v1"
accession: "0001499832-25-000123"
form_type: "8-K"
ticker: "TSQ"
cik: "0001499832"
company_name: "Townsquare Media, Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:21:22.903053+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 $5.5M; revenue down 7.4%, meets guidance; digital 55% of revenue

## Summary
- Net loss of $5.5M vs net income of $11.3M in Q3 2024; revenue $106.8M (-7.4% YoY).
- Adjusted EBITDA $22.0M (-13.5% YoY); excluding political -2.0%, margins improved.
- Digital segment YTD net revenue +2.1% YoY, now 55% of total revenue; Townsquare Interactive profit +21% YoY in Q3.
- Debt reduced $17M since Feb 2025 refinancing; repurchased $5.8M Term Loans at discount.
- Q4 guidance: revenue $105-109M, Adj. EBITDA $21.5-23.5M; full-year $426-430M revenue, $88-90M EBITDA.

## SEC filing metadata
- accession: 0001499832-25-000123
- form_type: 8-K
- ticker: TSQ
- cik: 0001499832
- company_name: Townsquare Media, Inc.
- filed_at: 2025-11-10T23:59:59+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/1499832/000149983225000123/0001499832-25-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499832/000149983225000123/tsq-20251110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001499832-25-000123
- JSON: https://secwatch.observer/filing/0001499832-25-000123.json
- Plain text: https://secwatch.observer/filing/0001499832-25-000123.txt

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