Overview

* Townsquare Q3 revenue decreased 7.4%, missing analyst expectations

* Adjusted EBITDA decreased 13.5% but met company guidance

* Digital segment profit increased 21.1% in subscription solutions

* Company reduced debt by $17 mln since February 2025

Outlook

* Company expects Q4 2025 net revenue between $105 mln and $109 mln

* Company forecasts full-year 2025 net revenue between $426 mln and $430 mln

* Company anticipates full-year 2025 Adjusted EBITDA between $88 mln and $90 mln

Result Drivers

* DIGITAL GROWTH - Digital advertising revenue increased 7% year-over-year, driven by direct sales and programmatic offerings, partially offsetting declines in other areas

* SUBSCRIPTION SOLUTIONS - Townsquare Interactive's segment profit grew 21% year-over-year, contributing to digital segment resilience

* EXPENSE MANAGEMENT - Improved Adjusted EBITDA margins excluding political revenue due to strong expense management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $106.76 $108 mln

Revenue mln (2

Analysts

)

Q3 Net -$5.50

Income mln

Q3 $5.94

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advertising & marketing peer group is "buy."

* Wall Street's median 12-month price target for Townsquare Media Inc ( TSQ ) is $17.00, about 64.1% above its November 7 closing price of $6.11

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)