Revenue and EBITDA declines signal ongoing structural headwinds in broadcast and subscription segments, partially offset by digital growth. The high dividend yield (~12%) may attract income-focused investors, but net leverage above 5x and negative free cash flow (after capex and interest) raise sustainability concerns. Monitor Q2 guidance execution and debt reduction progress.
Price Chart
Executive Summary
Townsquare Media reported Q1 2026 net revenue of $96.8M, down 1.9% YoY, and Adjusted EBITDA of $16.4M, down 9.7% YoY. Net income improved to $3.0M from a -$1.5M loss, driven by a $12.6M income tax benefit. The company reaffirmed full-year 2026 guidance and declared a $0.20 quarterly dividend (~12% yield), but core broadcast and subscription segments declined, offset by 6.8% Digital Advertising growth.
Key Financial Metrics
Key Facts
- Q1 2026 net revenue $96.8M, down 1.9% YoY ($98.7M)
- Adjusted EBITDA $16.4M, down 9.7% YoY ($18.1M)
- Net income $3.0M vs net loss -$1.5M YoY, boosted by $12.6M income tax benefit
- Digital Advertising revenue +6.8% YoY to $39.3M; Subscription Digital Marketing -7.9% to $17.5M; Broadcast Advertising -6.6% to $38.6M
- Full-year 2026 guidance reaffirmed: net revenue $420M-$440M, Adjusted EBITDA $87M-$93M
- Q2 2026 guidance: net revenue $114M-$116M, Adjusted EBITDA $24M-$25M
- Quarterly dividend of $0.20 per share declared (~12% yield)
- Net leverage 5.27x; total debt $457.5M vs cash $2.2M
- GAAP EPS $0.16 diluted; Adjusted Net Loss per share -$0.16
- Non-cash impairment charge of $8.6M on intangible assets
Financial Impact
Net revenue decline of $1.9M (-1.9%) YoY; Adjusted EBITDA decline of $1.8M (-9.7%) YoY; net income improvement of $4.5M due to tax benefit
Risk Factors
- Continued decline in Broadcast Advertising revenue (-6.6% YoY) amid secular shift away from radio
- Subscription Digital Marketing Solutions revenue declining -7.9% YoY due to lower sales headcount
- High net leverage of 5.27x limits financial flexibility; interest expense up 10.6% YoY
- Non-cash impairment charges of $8.6M may signal further asset write-downs
- Dividend yield of ~12% may be unsustainable if cash flow deteriorates further
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3291670 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | SC 13G/A | $3.83 | awaiting T+60 | — | $3.05 (−20.37%) |
Oct 1, 2026 26d ago | Press Release | $4.35 | awaiting T+60 | — | $3.05 (−29.89%) |
Aug 17, 2026 10w ago | Press Release | $5.78 | awaiting T+60 | — | $3.05 (−47.23%) |
Aug 6, 2026 11w ago | Press Release | $6.33 | awaiting T+60 | — | $3.05 (−51.82%) |
Jul 15, 2026 14w ago | Press Release | $6.78 $4.43 | ▼ −34.66% | ▼ −37.19% | $3.05 (−55.01%) |
May 11, 2026 24w ago | Press Release | $7.21 $6.36 | ▼ −11.79% | ▼ −16.18% | $3.05 (−57.70%) |
Apr 15, 2026 27w ago | Press Release | $6.45 $6.80 | ▲ +5.49% | ▼ −2.65% | $3.05 (−52.68%) |
Apr 6, 2026 29w ago | Press Release | $5.48 $7.14 | ▲ +30.40% | ▲ +16.93% | $3.05 (−44.30%) |
Mar 27, 2026 30w ago | DEFA14A | $4.77 $6.44 | ▲ +35.11% | ▲ +18.62% | $3.05 (−36.01%) |
Mar 16, 2026 32w ago | Press Release | $5.96 $6.56 | ▼ −10.05% | ▲ +0.43% | $3.05 (+48.83%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers