# Townsquare Media, Inc.: overview

TSQ · NYSE · CIK 1499832 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/tsq.md) · [Financials](/companies/tsq/financials.md) · [Filings](/companies/tsq/filings.md) · [Insiders](/companies/tsq/insiders.md)

Latest reported revenue: [$115.4m](/filings/0001499832-26-000045.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001499832-26-000045).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [115](/filings/0001499832-25-000124.md) | [118 d](/filings/0001499832-26-000020.md) | [98.7](/filings/0001499832-26-000031.md) | [115](/filings/0001499832-26-000045.md) | [107](/filings/0001499832-25-000124.md) | [106 d](/filings/0001499832-26-000020.md) | [96.8](/filings/0001499832-26-000031.md) | [115](/filings/0001499832-26-000045.md) |
| Gross margin | % | [27.3%](/filings/0001499832-25-000124.md) | [31.6% d](/filings/0001499832-26-000020.md) | [23.2%](/filings/0001499832-26-000031.md) | [28.3%](/filings/0001499832-26-000045.md) | [26.2%](/filings/0001499832-25-000124.md) | [24.1% d](/filings/0001499832-26-000020.md) | [21.9%](/filings/0001499832-26-000031.md) | [26.7%](/filings/0001499832-26-000045.md) |
| Operating margin | % | [13.1%](/filings/0001499832-25-000124.md) | [18.1% d](/filings/0001499832-26-000020.md) | [7.2%](/filings/0001499832-26-000031.md) | [18.2%](/filings/0001499832-26-000045.md) | [5.6%](/filings/0001499832-25-000124.md) | [9.5% d](/filings/0001499832-26-000020.md) | [(1.3%)](/filings/0001499832-26-000031.md) | [(10.7%)](/filings/0001499832-26-000045.md) |
| Net margin | % | [9.4%](/filings/0001499832-25-000124.md) | [20.8% d](/filings/0001499832-26-000020.md) | [(2.0%)](/filings/0001499832-26-000031.md) | [1.4%](/filings/0001499832-26-000045.md) | [(5.5%)](/filings/0001499832-25-000124.md) | [(4.9%) d](/filings/0001499832-26-000020.md) | [2.9%](/filings/0001499832-26-000031.md) | [(36.4%)](/filings/0001499832-26-000045.md) |
| Diluted EPS | $ per share | [0.63](/filings/0001499832-25-000124.md) | not reported | [(0.12)](/filings/0001499832-26-000031.md) | [0.09](/filings/0001499832-26-000045.md) | [(0.36)](/filings/0001499832-25-000124.md) | not reported | [0.16](/filings/0001499832-26-000031.md) | [(2.36)](/filings/0001499832-26-000045.md) |
| Free cash flow | $m | [4.8 d](/filings/0001499832-25-000124.md) | [24.5 d](/filings/0001499832-26-000020.md) | [(4.5)](/filings/0001499832-26-000031.md) | [6.4 d](/filings/0001499832-26-000045.md) | [4.3 d](/filings/0001499832-25-000124.md) | [9.2 d](/filings/0001499832-26-000020.md) | [0.6](/filings/0001499832-26-000031.md) | [0.2 d](/filings/0001499832-26-000045.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [418](/filings/0001499832-23-000042.md) | [463](/filings/0001499832-24-000035.md) | [454](/filings/0001499832-25-000040.md) | [451](/filings/0001499832-26-000020.md) | [427](/filings/0001499832-26-000020.md) |
| Gross margin | % | not reported | not reported | [27.5%](/filings/0001499832-25-000040.md) | [27.5%](/filings/0001499832-26-000020.md) | [25.5%](/filings/0001499832-26-000020.md) |
| Operating margin | % | [17.8%](/filings/0001499832-23-000042.md) | [12.0%](/filings/0001499832-24-000035.md) | [(4.2%)](/filings/0001499832-25-000040.md) | [4.8%](/filings/0001499832-26-000020.md) | [10.3%](/filings/0001499832-26-000020.md) |
| Net margin | % | [4.0%](/filings/0001499832-23-000042.md) | [2.7%](/filings/0001499832-24-000035.md) | [(9.9%)](/filings/0001499832-25-000040.md) | [(2.8%)](/filings/0001499832-26-000020.md) | [(2.7%)](/filings/0001499832-26-000020.md) |
| Diluted EPS | $ per share | not reported | not reported | [(2.68)](/filings/0001499832-25-000040.md) | [(0.81)](/filings/0001499832-25-000040.md) | not reported |
| Free cash flow | $m | [48.7](/filings/0001499832-23-000042.md) | [34.4](/filings/0001499832-24-000035.md) | [52.8](/filings/0001499832-25-000040.md) | [31.3](/filings/0001499832-26-000020.md) | [15.4](/filings/0001499832-26-000020.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Gross profit: us-gaap:GrossProfit.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/tsq/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2021-03-09 | [Oaktree Fund GP III, L.P.](/insiders/1532823.md) | 10% owner | Sale (S) | 1,595,224 | $6.40 | $10.2m | [Form 4](/filings/0001532823-21-000002.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [CAPITAL MANAGEMENT CORP /VA](/funds/1074273.md) | 2026-06-30 | $20.3m | 2,866,340 |  | Added +371,733 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $5.8m | 824,004 |  | Reduced −3,730 |
| [MSD CAPITAL, L.P.](/funds/1105497.md) | 2026-06-30 | $4.4m | 615,279 |  | Reduced −111,745 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $3.8m | 543,853 |  | Added +19,888 |
| [BECK MACK & OLIVER LLC](/funds/10742.md) | 2026-06-30 | $3.3m | 473,400 |  | Reduced −141,252 |
| [JB CAPITAL PARTNERS LP](/funds/1138532.md) | 2026-06-30 | $3.2m | 467,807 |  | Unchanged |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $3.0m | 424,463 |  | Reduced −17,000 |
| [RBF Capital, LLC](/funds/1134621.md) | 2026-06-30 | $2.8m | 393,474 |  | Unchanged |
| [GAMCO INVESTORS, INC. ET AL](/funds/807249.md) | 2026-06-30 | $2.7m | 381,618 |  | Reduced −2,900 |
| [ENVESTNET ASSET MANAGEMENT INC](/funds/1407543.md) | 2026-06-30 | $1.7m | 234,934 |  | Added +820 |

## Recent filings

[All 704 filings](/companies/tsq/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-06 | 10:06 ET | [10-Q](/filings/0001499832-26-000045.md) | Quarterly report, period 2026-06-30 | 0001499832-26-000045 |
| 2026-08-06 | 10:03 ET | [8-K](/filings/0001499832-26-000044.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001499832-26-000044 |
| 2026-05-12 | 20:20 ET | [8-K](/filings/0001499832-26-000034.md) | 5.07 Shareholder vote results | 0001499832-26-000034 |
| 2026-05-11 | 10:07 ET | [10-Q](/filings/0001499832-26-000031.md) | Quarterly report, period 2026-03-31 | 0001499832-26-000031 |
| 2026-05-11 | 10:05 ET | [8-K](/filings/0001499832-26-000030.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001499832-26-000030 |
| 2026-03-27 | 20:02 ET | [DEF 14A](/filings/0001499832-26-000023.md) | Proxy statement, period 2026-05-11 | 0001499832-26-000023 |
| 2026-03-16 | 10:05 ET | [10-K](/filings/0001499832-26-000020.md) | Annual report, period 2025-12-31 | 0001499832-26-000020 |
| 2026-03-16 | 10:02 ET | [8-K](/filings/0001499832-26-000019.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001499832-26-000019 |
| 2025-11-10 | 11:12 ET | [10-Q](/filings/0001499832-25-000124.md) | Quarterly report, period 2025-09-30 | 0001499832-25-000124 |
| 2025-11-10 | 11:03 ET | [8-K](/filings/0001499832-25-000123.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001499832-25-000123 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001499832-26-000020.md), filed Mar 16, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/1111a6aa-8e6c-4cbe-ba83-97f79111dc9e)

## About the filer

- CIK: 1499832
- Tickers: TSQ
- Exchange: NYSE
- SIC code: 4832 Radio Broadcasting Stations
- State of incorporation: DE
- Filer category: Accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:41 ET. No prices; not investment advice.
