{"schema_version":"secwatch.filing_event.v1","accession":"0001499832-26-000019","form_type":"8-K","ticker":"TSQ","cik":"0001499832","company_name":"Townsquare Media, Inc.","filed_at":"2026-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.239089+00:00","generated_at":"2026-05-15T11:36:11.995196+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Townsquare posts Q4 net loss, full-year revenue down 5.2%; maintains 11%-yield dividend","bullets":["Q4 net revenue $106.5M (-9.6% YoY); net loss $4.8M vs income $25.0M a year ago.","Full year 2025 net revenue $427.4M (-5.2% YoY); net loss $9.8M (improved from $10.9M).","Full year Adjusted EBITDA $88.1M (-12.2% YoY); excluding political -3.0%.","Dividend maintained at $0.20/share quarterly; payable May 4, 2026; ~11% yield at last close.","Q1 2026 guidance: net revenue $96-98M, Adjusted EBITDA $16-17M."],"urls":{"canonical":"https://secwatch.observer/filing/0001499832-26-000019","json":"https://secwatch.observer/filing/0001499832-26-000019.json","markdown":"https://secwatch.observer/filing/0001499832-26-000019.md","text":"https://secwatch.observer/filing/0001499832-26-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1499832/000149983226000019/0001499832-26-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1499832/000149983226000019/tsq-20260316.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T11:36:11.995196+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d632e65af5bf3b4cb940f7b36c62b5182a33148","claim":"Townsquare Media, Inc. reported the fourth quarter ended December 31, 2025 results: net income net loss of $4.8 million, EPS $0.32.","evidence_excerpt":"Fourth Quarter Results* • As compared to the fourth quarter of 2024: • Net revenue decreased 9.6%, and 4.5% excluding political • Net income decreased $29.8 million from net income of $25.0 million to a net loss of $4.8 million • Adjusted EBITDA decreased 30.9%, and 17.0% excluding political • Total Digital net revenue decreased 2.4% • Digital Advertising net revenue decreased 1.0% • Subscription Digital Marketing Solutions (“Townsquare Interactive”) net revenue decreased 5.6% • Total Digital Segment Profit decreased 14.8% • Digital Advertising Segment Profit decreased 28.0% • Subscription Digital Marketing Solutions Segment Profit increased 12.0% • Broadcast Advertising net revenue decreased 17.8%, and 7.9% excluding political • Net loss per diluted share was $0.32 and Adjusted Net Income per diluted share was $0.05 • Repaid $5.9 million of our Senior Secured Credit Facility, including $3.0 million of the Revolver and $2.9 million of Term Loan","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499832/000149983226000019/0001499832-26-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2025"},{"label":"Net income","value":"net loss of $4.8 million"},{"label":"EPS","value":"$0.32"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5b5d3f0d5844e9effc30ff0ce6117846f86b4b1c","claim":"Townsquare Media, Inc. reported the year ended December 31, 2025 results: net income net loss of $9.8 million.","evidence_excerpt":"Full Year Results* • As compared to the year ended December 31, 2024: • Net revenue decreased 5.2%, and 2.8% excluding political • Net loss decreased $1.2 million from a net loss of $10.9 million to a net loss of $9.8 million • Adjusted EBITDA decreased 12.2%, and 3.0% excluding political • Total Digital net revenue increased 0.9% • Digital Advertising net revenue increased 1.6% • Subscription Digital Marketing Solutions net revenue decreased 0.7% • Total Digital Segment Profit decreased 1.7% • Digital Advertising","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499832/000149983226000019/0001499832-26-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2025"},{"label":"Net income","value":"net loss of $9.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}