Filing Flows › Townsquare Media (TSQ) › Q2 2025
Townsquare Media (TSQ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Townsquare Media (TSQ) reported revenue of $115M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +17% from the quarter before. Operating margin was 18.2%, net earnings $1.6M (1.4% of revenue).
Townsquare Media, Q2 2025: revenue $115M (-2% year over year), operating margin 18.2%, net earnings $1.6M, operating cash flow $10.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | +17% | -2% |
| Gross profit | $32.6M | +43% | -0.3% |
| Operating profit | $21.1M | +195% | — |
| Net earnings | $1.6M | — | — |
| Operating cash flow | $10.2M | — | +13% |
| Free cash flow | $6.4M | — | +35% |
What changed
Revenue was $115.4M in Q2 2025, down 2% year over year and up 17% from the previous quarter. Broadcast Advertising was the largest line at 42% of revenue. Broadcast Advertising lost $4.9M year over year (down 9%), 178% of the total change.
Gross margin was 28.3%, up 0.6 points from a year earlier. Operating profit was $21.1M, a 18.2% margin (up 36.3 points year over year). Operating expenses fell 79% while revenue fell 2%. Net earnings were $1.6M. The effective tax rate was 75.8%.
Operating cash flow was $10.2M (up 13% year over year), 507% of net income including minority interests. Non-cash charges added back $4.6M of depreciation and amortization and $3.8M of share-based compensation. Capital expenditures of $3.8M left free cash flow of $6.4M.
Questions
What was Townsquare Media's revenue in the second quarter 2025?
Townsquare Media (TSQ) reported revenue of $115M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +17% from the quarter before.
Was Townsquare Media profitable in the second quarter 2025?
Operating profit was $21.1M (18.2% of revenue) and net earnings $1.6M.
Source: Townsquare Media 10-Q on SEC EDGAR.