secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001499832-25-000123
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Townsquare Q3 net loss $5.5M; revenue down 7.4%, meets guidance; digital 55% of revenue
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983225000123/0001499832-25-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983225000123/tsq-20251110.htm
  HTML page:      https://secwatch.observer/filing/0001499832-25-000123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer