Townsquare Media, Inc. issued a press release announcing operating results for the quarter and year ended December 31, 2025, reporting Q4 net revenue of $106.5 million (down 9.6% YoY) and full year net revenue of $427.4 million (down 5.2% YoY), with Adjusted EBITDA of $21.5 million and $88.1 million, respectively. The company provided Q1 and FY 2026 guidance and approved a $0.20 per share quarterly dividend payable May 4, 2026.
Key takeaways
Q4 2025 net revenue $106.5 million, decreased 9.6% from $117.8 million in Q4 2024
FY 2025 net revenue $427.4 million, decreased 5.2% from $451.0 million in 2024
FY 2025 Adjusted EBITDA $88.1 million, decreased 12.2% from $100.4 million in 2024
Cash flow from operations $30.6 million in 2025
Quarterly cash dividend $0.20 per share, record date April 27, 2026, payable May 4, 2026
Q1 2026 guidance: net revenue $96-98 million, Adjusted EBITDA $16-17 million
FY 2026 guidance: net revenue $420-440 million, Adjusted EBITDA $87-93 million