Townsquare Media issued its financial results for 2025 Q2 ending on June 30.
Among the highlights the company noted were that the company recorded a net income of $2 million, up year-to-year from a net loss of $48.9 million in Q2 2024. The increase came from a $31.1 million decrease in non-cash impairment charges, a $5.9 million increase in gain on sale and retirement of assets and a $4.5 million decrease in stock-based compensation, partially offset by a $3.4 million increase in interest expense.
Digital represented 55% of the company’s net revenue and 56% of segment profit for the first half of 2025. Comparing the first half of 2025 to the first half on 2024, net revenue overall decreased 1.7%, while total digital net revenue increased 4.1% with digital profit increasing 9.4% and subscription digital marketing solutions increasing 18.6%. However broadcast advertising revenue fell 9.2% (8.0% excluding political).
Townsquare noted that it entered into a new $490 million credit agreement, while repurchasing $10 of debt and $12.9 of its Senior Secured Credit Facility in the quarter. It will also give a quarterly cash dividend of 20 cents per share on November 3 to all shareholders on the close of business on October 27.
Townsquare CEO Bill Wilson said, “I am pleased to share that Townsquare’s second quarter results met or exceeded our previously issued guidance. Due to our robust local presence and holistic set of local and digital marketing solutions available to our local clients, we were able to navigate revenue pressures caused by April’s Liberation Day and achieve our total net revenue guidance, while continuing to thoughtfully manage our expense base and deliver Adjusted EBITDA above our second quarter guidance. In the second quarter, net revenue decreased -1.6% year-over-year excluding political, and -2.3% in total, meeting our guidance, and Adjusted EBITDA increased +3.8% year-over-year excluding political, and +0.7% in total, exceeding our guidance. In addition, our second quarter net income improved by $50.9 million year-over-year to $2.0 million. Digital is and will continue to be Townsquare’s growth engine, and we believe Townsquare’s ability to drive profitable, sustainable digital growth is a key differentiator for our Company. In the first six months of 2025, Townsquare’s total Digital net revenue increased +4.1% year-over-year, with growth in each of our Digital segments (Digital Advertising net revenue increased +4.8% and Subscription Digital Marketing Solutions net revenue increased +2.8%). In addition, our Digital segments delivered strong Segment Profit growth in the first six months of 2025, which increased +9.4% in total as compared to the prior year, operating at a 27% profit margin. In total, Digital represented 55% of our total net revenue and 56% of our total Segment Profit in the first half of the year.”
Wilson continued, “We are proud that our business model gives us the ability to deliver solid and consistent results, while also producing strong cash flow, which we have been applying towards organic investment in our business and debt paydown, and which we will continue to do for the remainder of the year. Due to our strong cash generation and successful refinancing earlier this year, we retain financial flexibility moving forward and we are confident in our ability to build shareholder value for our investors through long term net revenue, Adjusted EBITDA and cash flow growth, net leverage reduction, and future dividend payments,” concluded Mr. Wilson.
This story first appeared on radioinsight.com