Filing Flows › Townsquare Media (TSQ) › Q2 2026 › vs Q2 2025
Townsquare Media (TSQ) Q2 2026 vs Q2 2025 (year over year)
Townsquare Media's revenue fell $95K (-0.1%) from $115M in Q2 2025 to $115M in Q2 2026. The biggest changes: Digital Advertising +$4.7M (+11%); Broadcast Advertising −$2.7M (-5%); Subscription Digital Marketing Solutions −$1.6M (-9%).
Townsquare Media, Q2 2026: revenue $115M (-0.1% year over year), operating margin -10.7%, net loss $41.8M, operating cash flow $3.6M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.2% | 5.5% | -5.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Digital Advertising | $47.2M | $42.5M | $4.7M | +11% |
| Broadcast Advertising | $46.5M | $49.2M | −$2.7M | -5% |
| Subscription Digital Marketing Solutions | $17.2M | $18.8M | −$1.6M | -9% |
| Other | $4.5M | $4.9M | −$491K | -10% |
| Revenue | $115M | $115M | −$95K | -0.1% |
| Net loss | $41.8M | −$2.0M | $43.8M | — |
| Costs & expenses | $157M | $115M | $41.7M | +36% |
| Operating costs | $128M | $94.4M | $33.2M | +35% |
| Interest & other, net | $11.5M | $12.8M | −$1.3M | -10% |
| Income tax | $18.0M | $6.3M | $11.7M | +187% |
| Cost of revenue | $84.5M | $82.8M | $1.7M | +2% |
| General & admin | $6.1M | $6.2M | −$147K | -2% |
| Other operating costs | $37.1M | $5.4M | $31.7M | +590% |
| Operating cash sources | $45.4M | $8.2M | $37.2M | +454% |
| Depreciation & amortization | $4.8M | $4.6M | $225K | +5% |
| Share-based compensation | $3.3M | $3.8M | −$488K | -13% |
| Working capital & other | $37.3M | −$162K | $37.5M | — |
| Net loss absorbed | $41.8M | −$2.0M | $43.8M | — |
| Operating cash flow | $3.6M | $10.2M | −$6.6M | -65% |
| Free cash flow (OCF − capex) | $184K | $6.4M | −$6.2M | -97% |
| Capital expenditures | $3.4M | $3.8M | −$390K | -10% |
Questions
How much did Townsquare Media's revenue grow year over year in Q2 2026?
Townsquare Media's revenue fell $95K (-0.1%) from $115M in Q2 2025 to $115M in Q2 2026.
What drove Townsquare Media's revenue change in Q2 2026?
Digital Advertising +$4.7M (+11%); Broadcast Advertising −$2.7M (-5%); Subscription Digital Marketing Solutions −$1.6M (-9%).