Townsquare net loss widens to $41.8 million in Q2 FY26; revenue totals $115.4 million

Townsquare Media posted Q2 net revenue of $115.4 million, reporting a GAAP net loss of $41.8 million on non-cash FCC license impairment charges.

Adjusted EBITDA was $24.8 million, while adjusted net income totaled $3.7 million.

Digital advertising revenue rose 11% year-over-year, accelerating from 7% growth in Q1.

Digital accounted for 57% of 1H 2026 net revenue and 59% of segment profit; Townsquare Interactive delivered record segment profit margins of nearly 38%.

The board declared a quarterly cash dividend of $0.20 per share, payable Nov. 2 to holders of record Oct. 26.