Earnings ·
Townsquare suspends quarterly dividend to preserve $14M annually as Q3 net revenue rises 3.9% to $110.9M
TSQTownsquare Media, Inc.
Townsquare Media suspended its quarterly cash dividend effective November 2026, a move the company states will preserve approximately $14 million in annual cash for general liquidity and strategic growth. The decision follows third-quarter results showing net revenue of $110.9 million, up 3.9% year-over-year, driven by a 12.7% increase in digital advertising revenue. Adjusted EBITDA rose 2.7% to $22.6 million, while the net loss narrowed by $1.5 million to $4.0 million. The company also reported that Broadcast Advertising revenue declined 5.2% excluding political spending and noted lower-than-anticipated sales velocity in its Subscription Digital Marketing Solutions segment. Townsquare operates a community-focused digital and broadcast media business providing advertising solutions and digital marketing services primarily outside the top 50 U.S. markets.