Filing Flows › Townsquare Media (TSQ) › Q4 2025
Townsquare Media (TSQ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Townsquare Media (TSQ) reported revenue of $106M for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and -0.2% from the quarter before. Operating margin was 9.5%, net loss $4.8M (4.5% of revenue).
Townsquare Media, Q4 2025: revenue $106M (-10% year over year), operating margin 9.5%, net loss $4.8M, operating cash flow $12.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $106M | -0.2% | -10% |
| Operating profit | $10.1M | +70% | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | $12.6M | +60% | -55% |
| Free cash flow | $9.2M | +113% | -63% |
What changed
Revenue was $106.5M in Q4 2025, down 10% year over year and roughly flat from the previous quarter.
Gross margin was 24.1%, down 7.5 points from a year earlier. Operating profit was $10.1M, a 9.5% margin (down 8.6 points year over year). Operating expenses fell 2% while revenue fell 10%. The fastest-growing cost line was Other operating costs (+16%). The quarter ended with a net loss of $4.8M, narrower than the previous quarter's $5.5M loss. Net interest and other expense of $12.3M was the main reason.
Operating cash flow was $12.6M (down 55% year over year). Non-cash charges added back $4.8M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $9.8M. Capital expenditures of $3.4M left free cash flow of $9.2M.
Questions
What was Townsquare Media's revenue in the fourth quarter 2025?
Townsquare Media (TSQ) reported revenue of $106M for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and -0.2% from the quarter before.
Was Townsquare Media profitable in the fourth quarter 2025?
Operating profit was $10.1M (9.5% of revenue) and net loss $4.8M.
Source: Townsquare Media 10-K on SEC EDGAR.