Townsquare Media is targeting $50 million in revenue at a 20% profit margin from its media partnership business within the next four years, while narrowing its full-year 2026 adjusted EBITDA guidance to between $87 million and $90 million. The company reported second-quarter net revenue of $115.4 million, roughly flat year-over-year, with adjusted EBITDA of $24.8 million. Digital advertising revenue rose 11% year-over-year, and digital now accounts for approximately 59% of total segment profit. Townsquare has expanded to 16 media partners covering 41 incremental markets, providing digital programmatic advertising in 115 U.S. markets, and completed its first licensing deal for proprietary technology with partner SummitMedia. Full-year net revenue is now expected between $425 million and $431 million, including about $8 million in political revenue, while the company recorded a net loss of $41.8 million in the quarter due in part to $26.6 million in non-cash impairment charges on FCC licenses.
Townsquare Media IncNarrows 2026 EBITDA guidance and reports digital revenue growth, indicating improved profitability outlook
Salesforce.com IncCompleted first licensing deal for proprietary technology with Townsquare, expanding partnership
