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How Townsquare Media (TSQ) makes money
Townsquare Media (TSQ) made $111M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Broadcast Advertising brought in $47.2M (43%); Digital Advertising brought in $45.3M (41%); Subscription Digital Marketing Solutions brought in $17.1M (15%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Broadcast Advertising | $47.2M | 42.5% | +1% | +0.4% |
| Digital Advertising | $45.3M | 40.9% | -4% | +13% |
| Subscription Digital Marketing Solutions | $17.1M | 15.4% | -0.6% | -8% |
| Other | $1.3M | 1.2% | -70% | +52% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $111M | 100.0% |
| Operating cash flow | $5.1M | 4.6% |
| Free cash flow | $2.3M | 2.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $111M | +4% |
| Q2 2026 | $115M | -0.1% |
| Q1 2026 | $96.8M | -2% |
| Q4 2025 | $106M | -10% |
| Q3 2025 | $107M | -7% |
| Q2 2025 | $115M | -2% |
| Q1 2025 | $98.7M | -1% |
From Townsquare Media's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Townsquare Media make money?
Townsquare Media (TSQ) made $111M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Broadcast Advertising brought in $47.2M (43%); Digital Advertising brought in $45.3M (41%); Subscription Digital Marketing Solutions brought in $17.1M (15%).
What is Townsquare Media's biggest business?
Broadcast Advertising: $47.2M in the third quarter 2026, 43% of revenue, +0.4% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.