Filing Flows › Comparisons › IHRT vs TSQ
iHeartMedia vs Townsquare Media: IHRT and TSQ compared
iHeartMedia is the larger company: $977M of revenue in its latest quarter (Q2 2026) against $111M for Townsquare Media (Q3 2026). iHeartMedia is growing faster (+5% against +4% a year earlier). Townsquare Media is more profitable, with an operating margin of 5.0% against 3.6%.
Where the money goes: IHRT and TSQ
iHeartMedia (IHRT) · Q2 2026
iHeartMedia, Q2 2026: revenue $977M (+5% year over year), operating margin 3.6%, net loss $82.5M, operating cash flow $64.9M. The chart follows the revenue to costs, profit and cash.
Townsquare Media (TSQ) · Q3 2026
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 follows the revenue to costs, profit and cash.
| iHeartMedia (IHRT) | Townsquare Media (TSQ) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $977M | $111M |
| Revenue growth, Y/Y | +5% | +4% |
| Operating margin | 3.6% | 5.0% |
| Net earnings | −$82.5M | −$4.0M |
| Net margin | -8.4% | -3.6% |
| Operating cash flow | $64.9M | $5.1M |
| Free cash flow | $46.0M | $2.3M |
| Market value | $279M | — |
| Analysts’ mean target | $3.62 | — |
Where the revenue comes from
iHeartMedia
- Broadcast Radio: $398M (41%)
- Digital, excluding Podcast: $201M (21%)
- Podcast: $162M (17%)
- Networks: $104M (11%)
Townsquare Media
- Broadcast Advertising: $47.2M (43%)
- Digital Advertising: $45.3M (41%)
- Subscription Digital Marketing Solutions: $17.1M (15%)
- Other: $1.3M (1%)
Questions
Which is bigger, iHeartMedia or Townsquare Media?
iHeartMedia is the larger company: $977M of revenue in its latest quarter (Q2 2026) against $111M for Townsquare Media (Q3 2026).
Is iHeartMedia or Townsquare Media growing faster?
iHeartMedia is growing faster (+5% against +4% a year earlier).
Which is more profitable, iHeartMedia or Townsquare Media?
Townsquare Media is more profitable, with an operating margin of 5.0% against 3.6%.
More: iHeartMedia earnings · how iHeartMedia makes money · Townsquare Media earnings · how Townsquare Media makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.