Filing Flows › Townsquare Media (TSQ) › Q3 2026 › vs Q2 2026
Townsquare Media (TSQ) Q3 2026 vs Q2 2026 (quarter over quarter)
Townsquare Media's revenue fell $4.4M (-4%) from $115M in Q2 2026 to $111M in Q3 2026. The biggest changes: Other −$3.1M (-70%); Digital Advertising −$1.9M (-4%); Broadcast Advertising +$676K (+1%).
Townsquare Media, Q3 2026: revenue $111M (+4% year over year), operating margin 5.0%, net loss $4.0M, operating cash flow $5.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 2.0% | 0.2% | +1.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Broadcast Advertising | $47.2M | $46.5M | $676K | +1% |
| Digital Advertising | $45.3M | $47.2M | −$1.9M | -4% |
| Subscription Digital Marketing Solutions | $17.1M | $17.2M | −$95K | -0.6% |
| Other | $1.3M | $4.5M | −$3.1M | -70% |
| Revenue | $111M | $115M | −$4.4M | -4% |
| Income tax benefit | $1.9M | −$18.0M | $20.0M | — |
| Net loss | $4.0M | $41.8M | −$37.8M | -90% |
| Costs & expenses | $117M | $157M | −$40.3M | -26% |
| Operating costs | $105M | $128M | −$22.2M | -17% |
| Interest & other, net | $11.4M | $11.5M | −$73K | -0.6% |
| Cost of revenue | $82.3M | $84.5M | −$2.2M | -3% |
| General & admin | $6.1M | $6.1M | $22K | +0.4% |
| Other operating costs | $17.1M | $37.1M | −$20.0M | -54% |
| Operating cash sources | $9.1M | $45.4M | −$36.3M | -80% |
| Depreciation & amortization | $4.9M | $4.8M | $78K | +2% |
| Share-based compensation | $3.1M | $3.3M | −$203K | -6% |
| Working capital & other | $1.1M | $37.3M | −$36.2M | -97% |
| Net loss absorbed | $4.0M | $41.8M | −$37.8M | -90% |
| Operating cash flow | $5.1M | $3.6M | $1.5M | +43% |
| Free cash flow (OCF − capex) | $2.3M | $184K | $2.1M | 12× |
| Capital expenditures | $2.9M | $3.4M | −$542K | -16% |
Questions
How much did Townsquare Media's revenue grow quarter over quarter in Q3 2026?
Townsquare Media's revenue fell $4.4M (-4%) from $115M in Q2 2026 to $111M in Q3 2026.
What drove Townsquare Media's revenue change in Q3 2026?
Other −$3.1M (-70%); Digital Advertising −$1.9M (-4%); Broadcast Advertising +$676K (+1%).