Townsquare Media posts Q2 loss as digital revenue surges despite FCC impairment charge

Townsquare Media reported a second‑quarter 2026 net loss of $41.8 million, driven primarily by a $25.1 million non‑cash impairment charge tied to the declining value of its FCC broadcast licenses. Net revenue held steady at $115.4 million year‑over‑year, with digital platforms accounting for 57 % of that total and 59 % of segment profit for the first half of the year.

The Townsquare Ignite digital advertising division saw revenue rise 11 % to $47.2 million, outpacing the overall company growth and becoming the top revenue source. The Media Partnerships division, which white‑labels Townsquare’s programmatic advertising tools for other local operators, expanded to 16 partner radio groups across 41 markets, extending the company’s digital footprint to 115 markets. Townsquare Interactive posted record segment profit margins of nearly 38 % despite an 8.5 % drop in its subscription‑based revenue.

Broadcast advertising revenue fell 5.5 % to $46.5 million. CEO Bill Wilson said the company is “set up for a great back half of 2026 and 2027,” and forecast third‑quarter net revenue of $108‑110 million with full‑year guidance narrowed to $425‑431 million.