Digital Advertising Drives 59% Revenue Share as Q1 Net Income Rises $4.5M
In Q1 Townsquare Media’s net revenue fell 1.9% year-over-year while net income rose $4.5 million to $3 million; Digital Advertising revenue grew 6.8% and now contributes 59% of net revenue and 63% of segment profit, both record highs. The board approved a $0.20 quarterly dividend, reflecting roughly 12% yield.
1. Q1 Financial Results
For the quarter ended March 31, 2026, Townsquare reported net revenue of $96.1 million, a 1.9% decline year-over-year, and net income of $3.0 million versus a $1.5 million loss in Q1 2025. Adjusted EBITDA decreased 9.7%, in line with guidance, as cost efficiencies partly offset revenue pressures.
2. Digital Segment Performance
Digital Advertising net revenue increased 6.8% to $39.2 million, marking a return to high-single-digit growth, and Digital solutions generated 59% of total net revenue and 63% of total segment profit—both company records. Subscription Digital Marketing Solutions net revenue declined 7.9%, while Broadcast Advertising revenue fell 6.6%.
3. Dividend and Guidance
The Board approved a $0.20 per share quarterly cash dividend payable August 3, 2026, implying a roughly 12% yield. Second-quarter net revenue is forecast at $114 million–$116 million with Adjusted EBITDA of $24 million–$25 million, and full-year net revenue guidance remains $420 million–$440 million with Adjusted EBITDA of $87 million–$93 million.