---
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"
generated_at: "2026-05-15T11:36:11.995196+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Townsquare posts Q4 net loss, full-year revenue down 5.2%; maintains 11%-yield dividend

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/1499832/000149983226000019/0001499832-26-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499832/000149983226000019/tsq-20260316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001499832-26-000019
- JSON: https://secwatch.observer/filing/0001499832-26-000019.json
- Plain text: https://secwatch.observer/filing/0001499832-26-000019.txt

## Key facts
- Earnings Releases
  Townsquare Media, Inc. reported the fourth quarter ended December 31, 2025 results: net income net loss of $4.8 million, EPS $0.32.
  - Period: the fourth quarter ended December 31, 2025
  - Net income: net loss of $4.8 million
  - EPS: $0.32
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1499832/000149983226000019/0001499832-26-000019-index.htm
- Earnings Releases
  Townsquare Media, Inc. reported the year ended December 31, 2025 results: net income net loss of $9.8 million.
  - Period: the year ended December 31, 2025
  - Net income: net loss of $9.8 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1499832/000149983226000019/0001499832-26-000019-index.htm

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