Townsquare Media, Inc.TSQEarnings & Financial Report
Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of June 2024, Townsquare was the third-largest AM–FM operator in the country, owning 349 radio stations in 74 markets.
TSQ Q3 2025 Key Financial Metrics
Revenue
$106.8M
Gross Profit
$28.0M
Operating Profit
$5.9M
Net Profit
$-5.9M
Gross Margin
26.2%
Operating Margin
5.6%
Net Margin
-5.5%
YoY Growth
-7.4%
EPS
$-0.36
Financial Flow
Townsquare Media, Inc. Q3 2025 Financial Summary
Townsquare Media, Inc. reported revenue of $106.8M for Q3 2025, with a net profit of $-5.9M (-5.5% margin). Cost of goods sold was $78.8M, operating expenses totaled $22.1M.
Key Financial Metrics
| Total Revenue | $106.8M |
|---|---|
| Net Profit | $-5.9M |
| Gross Margin | 26.2% |
| Operating Margin | 5.6% |
| Report Period | Q3 2025 |
Townsquare Media, Inc. Annual Revenue by Year
Townsquare Media, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $451.0M).
| Year | Annual Revenue |
|---|---|
| 2024 | $451.0M |
| 2023 | $454.2M |
| 2022 | $463.1M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $114.8M | $99.6M | $118.2M | $115.3M | $117.8M | $98.7M | $115.4M | $106.8M |
| YoY Growth | -4.6% | -3.4% | -2.5% | 0.2% | 2.6% | -1.0% | -2.3% | -7.4% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $652.0M | $636.7M | $579.6M | $565.4M | $580.4M | $544.5M | $545.7M | $539.2M |
| Liabilities | $642.1M | $634.9M | $643.8M | $617.9M | $608.9M | $571.3M | $572.8M | $573.2M |
| Equity | $9.9M | $1.8M | $-64.1M | $-52.5M | $-28.4M | $-26.8M | $-27.1M | $-34.0M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $28.9M | $1.7M | $9.0M | $9.9M | $28.2M | $-66000 | $10.2M | $7.9M |
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