Townsquare Media Q3 Net Revenue Rises 3.9%
Townsquare Media is first out of the gate reporting third quarter 2026 financial results and reveals net revenue of $110.9 million, an increase of 3.9% over the same period in 2025. Townsquare CEO Bill Wilson says, “Townsquare’s third quarter results reflect 
the continued strength of our Digital Advertising platform. Third quarter net revenue of $110.9 million increased 3.9% year-over-year and exceeded our guidance range, Adjusted EBITDA of $22.6 million increased 2.7% year-over-year and was within our guidance range, and net loss narrowed by $1.5 million year-over-year to $4.0 million. These results were driven by the growth of Townsquare Ignite, our Digital Advertising business, and by political revenue that is tracking ahead of our expectations. Digital Advertising net revenue grew 12.7% year-over-year, accelerating for the third consecutive quarter, led by programmatic revenue growth of 22.5%. Our Media Partnerships business now serves 18 partners and extends our digital programmatic advertising platform to 122 markets across the United States, and we expect Media Partnerships revenue to more than double in 2026. In addition, Townsquare Interactive delivered strong profitability, with Segment Profit margins of 36% in Q3, as we rebuild and grow our sales team.”
Wilson continues, “At the same time, we want to be candid about the challenges we face. Our local clients continue to feel pressure from higher operating costs and interest rates, and they are scrutinizing every marketing dollar, particularly those spent on traditional media. Excluding political, Broadcast Advertising net revenue declined 5.2% in the third quarter. We expect those declines to deepen in the fourth quarter, partly as political advertising crowds out other inventory. In addition, while Townsquare Interactive’s profit remains strong, lower-than-anticipated sales velocity means it will not return to sequential revenue growth in Q4 2026 as we had projected.”
the timing is right to close this chapter. During my time at Townsquare, I’ve had the opportunity to wear a lot of hats… For now, I’m going to take some time away and think about what I want the next chapter to look like. Whatever comes next, I know I’ll continue to be drawn to the things I’ve always loved most: building businesses, developing people, solving problems and helping teams accomplish things they didn’t think were possible.” Quinn has served as VP of sales, chief revenue officer for the company’s Ignite business, and as chief growth officer. Townsquare has not stated its plans for replacing Quinn.
posted an obituary noting that he “spent decades in radio management, sales and operations, overseeing major market clusters and helping develop regional programming networks.” During his career Hanlon served as Midwest Division president for Citadel Broadcasting, served with Townsquare Media, was VP and market manager for Audacy (then Entercom) in Charlotte and most recently was director of sales for Saga Communications in Des Moines. 
piece that goes against what many in the radio industry are saying about the AM Radio in Every Car Act that recently passed the House. His piece states, in part, “My employer and I don’t agree on this one. The federal government is about to impose a new rule on private enterprise, forcing automobile manufacturers to keep installing AM radios in cars and trucks…
WIBX has been cancelled by corporate. As a result, my last day with Townsquare Media was today, although I was told I could apply for other positions that might be available with the company outside the market. Based on what I’ve seen happening throughout the radio industry nationwide, I knew a day like this could eventually come, although I certainly didn’t expect it to happen today. I’m extremely thankful for the nearly 13 years I’ve spent at the Marcy studios, and especially grateful for the people I’ve had the privilege of working with over the years. These are some of the most talented people in the industry, and many of them have become very close friends.” WIBX has not announced its longterm plans for the morning drive program.
101.5” from the company’s hot AC WJLK-FM, Asbury Park “94.3 The Point.” That move chops an hour off the “Deminski & Moore” afternoon show which now airs from 3:00 pm to 6:00 pm. As we reported last week, Eric Johnson moves from his on-air role with Judi Franco to operations manager. Townsquare New Jersey VP for content Sam Elliot Gagliardi says, “These changes are about investing in local talent, local content, and local conversations. No one understands New Jersey better than the people who live here. This lineup brings together some of the strongest personalities in the state and reinforces New Jersey 101.5’s role as the place where New Jersey comes together every day.”
AM/FM and sports talk KTIK-FM “953FM The Ticket,” plus three music brands. Fabian most recently served with Townsquare Media in Arizona. Fabian states, “I am honored to join the Boise team and look forward to becoming part of both the organization and this remarkable community. Throughout my career, I have always believed that great teams and strong relationships are the foundation of success. I am excited to work alongside this talented group, serve the Boise community, and help build on the strong tradition these stations have established.”
Now, the station announces that Malloy is returning to the station on July 13 to resume his role as co-host of the “Dennis & Judi Show.” This change doesn’t put Franco’s current co-host Eric Johnson out on the street. The former, longtime “New Jersey 101.5” program director is returning to management as operations manager and program director. He will serve as a fill-in talk host on the station and will spin records during
the station’s weekend music programs. Johnson says, “So here is where we are. Dennis and Judi are back together on July 13. I am moving into a role that lets me put 48 years of experience to work shaping what New Jersey radio sounds like across three markets. And I will still be here, writing about this state I have loved my whole life, and showing up on the air when you need a familiar voice.”
Congressional District. Flint is host of the morning drive show “Montana Talks” heard across Townsquare Media news/talk stations in Montana, including KBUL, Billings and KMMS, Bozeman. Flint took leave of his radio show to run for office. According to the Associated Press, Flint will face the winner of the four-way race in the Democratic primary. Flint’s campaign says he is emphasizing “making the Montana dream affordable again,” by reducing regulatory burdens on building homes, encouraging trades education and boosting the U.S. timber industry. 
a decline of 7.9% from last year and broadcast advertising revenue was $38.6 million, down 6.6% from the same period a year ago. Townsquare Media CEO Bill Wilson comments, “With our digital growth engine driving our performance, each year our business mix continues to shift to a greater percentage of both digital revenue and profit. In the first quarter, 59% of our total revenue and 63% of our total Segment Profit was generated from our differentiated digital solutions – each our highest percentages ever. Our Digital Advertising revenue returned to high-single digit revenue growth in Q1, which we believe will continue throughout the year due to the consistent performance of our digital programmatic offering and the success of our Media Partnership division; the strong revenue growth of the direct sales of our local owned and operated digital properties; and the stabilization of our online audience and remnant revenue. I would also like to highlight Townsquare Interactive’s strong profit performance, with Segment Profit margin of 34% in Q1, representing year-over-year margin expansion.” The company also announced that its board of directors approved a quarterly cash dividend of $0.20 per share payable on August 3, 2026 to shareholders of record as of the close of business on July 27, 2026.
KFYO’s morning show. In 2021, ‘The Chad Hasty Show’ moved to late afternoons, where he continued informing and entertaining audiences across the region. Whether cutting through the news of the day or interviewing some of the most prominent political figures in the state and country, Chad always delivered an engaging and thought-provoking show for his loyal listeners.” Townsquare Media Lubbock market president Dan Endom adds, “We are stunned and heartbroken by the sudden passing of our beloved KFYO family member, Chad Hasty. Chad was not only a brilliant on-air host, but an even better friend. Our deepest condolences go out to [his wife] Jennifer and his baby girl, Ava. It’s hard to imagine not seeing his welcoming presence roaming the halls of Townsquare Media Lubbock.” 
capabilities, we’re enabling KSE to scale its digital offering and drive stronger, more measurable results for its clients. This partnership is a powerful example of how media companies can evolve and win in a performance-driven marketplace.” Townsquare launched their Media Partnerships division in 2024 in which it provides a white-label service that equips other local media companies with the digital advertising solutions that have fueled Townsquare’s own growth and success, with digital now comprising over 50% of Townsquare’s total revenue and profit. KSE Radio SVP and general manager Joel Clary says, “Kroenke Sports and Entertainment is excited to partner with Townsquare Ignite for all of our entertainment assets in the Denver market. Townsquare has the best digital solutions in the radio industry and a proven track record of delivering great results to clients.”
Commission states in part, “Due to economic conditions in the market, the licensee was forced to take the station off the air temporarily. The licensee respectfully requests special temporary authority for the station to remain silent. The licensee will promptly notify the Commission when it is able to resume station operations.” Townsquare also operates news/talk KFYO in the Lubbock market. 
company says Total Digital Segment Profit decreased 14.8%; Digital Advertising Segment Profit decreased 28.0%; Subscription Digital Marketing Solutions Segment Profit increased 12.0%; and Broadcast Advertising net revenue decreased 17.8%. Townsquare CEO Bill Wilson comments, “I am pleased to share that Townsquare’s fourth quarter and year end results met our previously issued net revenue and Adjusted EBITDA guidance, reflecting our team’s hard work in the current environment. We are proud that the execution of our Digital First Local Media strategy allowed us to deliver excellent results for our clients, while also outperforming competitors and gaining market share. In 2025, net revenue decreased -2.8% year-over-year excluding political, and -5.2% in total, and Adjusted EBITDA decreased -3.0% year-over-year excluding political, and -12.2% in total. Importantly, due to our strong expense management, Adjusted EBITDA margins excluding political were constant year-over-year, despite revenue declines. In addition, our full year net loss improved by $1.2 million year-over-year, to a net loss of $9.8 million.”
rising leaders in digital sales and strategy, providing direct access to industry executives, structured mentorship, and strategic guidance at a time when audio and digital integration has never been more critical to client success.” Reid comments, “I’m honored to be selected as an MIW Digital Mentee. This mentorship is an opportunity to strengthen my leadership skills, learn from industry leaders shaping the future of digital and audio, and continue delivering smarter, more effective advertising solutions in a rapidly evolving media landscape.”
Judge Kenneth M. Karas concluded Townsquare failed to establish monetary damages on most of the contracts and ordered Townsquare a partial award of about $115,000 but ruled in favor of Regency on most of the deals. Townsquare requested reconsideration, and in 2023 Judge Karas concluded that he had overlooked evidence on 10 advertising contracts. After holding a bench trial last June, Karas on December 12, 2025, ordered Regency “to pay $114,936 that remained unsatisfied from his 2022 partial decision for Townsquare; $694,328 on the contracts he reconsidered, and $344,833 in interest, for a total of $1,154,097.” 
news/talk WGBF-AM, Evansville, Indiana at the end of the broadcast day on December 31. The company clearly isn’t getting the returns it wants on the operation of the station. The story indicates that the signal is up for sale but it’s unclear if there is any interest in the station that was launched in 1923 by the Finke Furniture company. The calls stand for G.B. Finke. 
Townsquare’s total Digital net revenue increased +2.1% year-over-year, representing 55% of the Company’s total net revenue, and Digital Segment Profit increased +3.6% year-over-year, operating at a 26% profit margin, and representing 55% of our total Segment Profit. In particular, I’d like to highlight the strong performance of our Direct Digital Advertising revenue streams 
(including the direct sales of our owned and operated digital properties and our programmatic offering), which increased +7% year-over-year in the third quarter, partially offsetting the significant short-term headwinds we are currently facing due to the deterioration in online audience trends; and the strong profit performance of Townsquare Interactive, which delivered Segment Profit growth of +21% year-over-year in the third quarter (+$1.1 million) and +19% year-over-year in the September year-to-date period (+$3.0 million). Despite numerous headwinds that we have encountered, we are proud that the execution of our Digital First Local Media strategy has allowed us to deliver excellent results for our clients, while also producing strong cash flow from operations due to the thoughtful and deliberate management of our expense base.”
distributed by Audacy to unite the biggest sports voices, markets, and fans.” Audacy Detroit SVP and market manager Debbie Kenyon says, “The launch of ‘97.1 Detroit Sports Radio Network’ represents a massive commitment to our listeners and an exciting chapter in our growth. We are excited to partner with Townsquare Media and other media companies to expand our footprint across all of Michigan and to deliver great content to the dedicated fan base we serve. We are proud to deliver best-in-class sports coverage to the entire state, solidifying our position as the essential source for Michigan sports audio content now and for years to come.” The network’s first affiliates include Townsquare Media’s WFGR in Grand Rapids, WJIM in Lansing, WBCK in Battle Creek, and WKMI in Kalamazoo, plus Blarney Stone Broadcasting’s WGRY in Roscommon. Additional affiliates will be announced in the upcoming months.
licensed to Walton, New York – previously aired a country format and a news/talk format, respectively. Bold Gold Media Group president Vince Benedetto says, “We have a deep love and connection to the Catskill Mountains and Delaware County, and we are very much looking forward to bringing our programming to the wonderful community of Walton. For a long time, we have had the privilege serving the neighboring town of Hancock, and very much look forward to extending our local programming to include even more of the residents of Delaware County.”
election. About returning, Spadea says, “I’m excited to be returning to the airwaves with ‘New Jersey 101.5’ and the largest audience in the state. I’m looking forward to continuing our mission of fighting for common-sense solutions to save New Jersey. Our show has always been about the listeners, and I’m ready to keep amplifying the voices of small business owners, parents, teachers, first responders, nurses, and everyone else committed to digging in and staying in New Jersey. Stay tuned – there’s more to come!” Townsquare Media regional VP Brian Lang says, “Bill’s audience and the team at ‘New Jersey 101.5’ are looking forward to his return. There’s no doubt he’ll have great stories to share. I also want to thank Eric Scott and the entire morning show team for doing an outstanding job while Bill was away.”
reporting a net loss of $48.8 million in the same quarter a year ago. Townsquare reports revenue in segments and the broadcast advertising segment saw net revenue of $48.7 million, a decrease of 9.2% from the same quarter in 2024. The company’s digital advertising segment’s net revenue was $42.5 million, an increase of 2.4% over Q2 of 2024.