Filing Flows › Townsquare Media (TSQ) › Q3 2026 › vs Q3 2025
Townsquare Media (TSQ) Q3 2026 vs Q3 2025 (year over year)
Townsquare Media's revenue rose $4.2M (+4%) from $107M in Q3 2025 to $111M in Q3 2026. The biggest changes: Digital Advertising +$5.1M (+13%); Subscription Digital Marketing Solutions −$1.6M (-8%); Other +$458K (+52%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 2.0% | 4.1% | -2.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Broadcast Advertising | $47.2M | $47.0M | $189K | +0.4% |
| Digital Advertising | $45.3M | $40.2M | $5.1M | +13% |
| Subscription Digital Marketing Solutions | $17.1M | $18.6M | −$1.6M | -8% |
| Other | $1.3M | $885K | $458K | +52% |
| Revenue | $111M | $107M | $4.2M | +4% |
| Income tax benefit | $1.9M | $1.1M | $854K | +81% |
| Net loss | $4.0M | $5.5M | −$1.5M | -28% |
| Costs & expenses | $117M | $113M | $3.5M | +3% |
| Operating costs | $105M | $101M | $4.6M | +5% |
| Interest & other, net | $11.4M | $12.5M | −$1.1M | -9% |
| Cost of revenue | $82.3M | $78.8M | $3.5M | +4% |
| General & admin | $6.1M | $6.0M | $88K | +1% |
| Other operating costs | $17.1M | $16.1M | $1.0M | +6% |
| Operating cash sources | $9.1M | $13.4M | −$4.3M | -32% |
| Depreciation & amortization | $4.9M | $4.6M | $215K | +5% |
| Share-based compensation | $3.1M | $3.1M | $33K | +1% |
| Working capital & other | $1.1M | $5.7M | −$4.5M | -80% |
| Net loss absorbed | $4.0M | $5.5M | −$1.5M | -28% |
| Operating cash flow | $5.1M | $7.9M | −$2.8M | -35% |
| Free cash flow (OCF − capex) | $2.3M | $4.3M | −$2.1M | -48% |
| Capital expenditures | $2.9M | $3.6M | −$697K | -20% |
Questions
How much did Townsquare Media's revenue grow year over year in Q3 2026?
Townsquare Media's revenue rose $4.2M (+4%) from $107M in Q3 2025 to $111M in Q3 2026.
What drove Townsquare Media's revenue change in Q3 2026?
Digital Advertising +$5.1M (+13%); Subscription Digital Marketing Solutions −$1.6M (-8%); Other +$458K (+52%).