Townsquare Reports Q3 Earnings
Reve News: Townsquare reported Q3 2026 net revenue of $110.9 million, up 3.9% year-over-year. Adjusted EBITDA was $22.6m; net loss of $4.0m was down $1.5m from the prior year. Digital advertising net revenue was up 12.7% over Q3 2025; broadcast advertising net revenue fell 5.2%. "We expect those declines to deepen in the fourth quarter, partly as political advertising crowds out other inventory," says CEO Bill Wilson, noting the company is suspending its quarterly dividend. "We do not believe that the market is ascribing value to the dividend and we believe this cash can generate greater value for shareholders elsewhere." Full release here.