Townsquare Media, Inc.
For the period ended Aug 6, 2025. Filed Aug 6, 2025.
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Aug 6, 2025 · Filed Aug 6, 2025
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TSQ$1.85-11.1%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in Thousands, Except Per Share Data)
(in Thousands, Except Per Share Data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net revenue | $115,448 | $118,225 | $214,123 | $217,858 |
| Operating costs and expenses: | ||||
| Direct operating expenses, excluding depreciation, amortization, and stock-based compensation | 82,829 | 85,512 | 158,645 | 162,407 |
| Depreciation and amortization | 4,558 | 5,014 | 8,973 | 9,949 |
| Corporate expenses | 6,198 | 6,482 | 10,920 | 11,699 |
| Stock-based compensation | 3,790 | 8,325 | 7,978 | 11,195 |
| Transaction and business realignment costs | 1,389 | 1,594 | 3,827 | 3,038 |
| Impairment of intangible assets, investments, goodwill and long-lived assets | 1,500 | 32,638 | 1,500 | 34,256 |
| Net (gain) loss on sale and retirement of assets | (5,866) | 30 | (5,903) | 44 |
| Total operating costs and expenses | 94,398 | 139,595 | 185,940 | 232,588 |
| Operating income (loss) | 21,050 | (21,370) | 28,183 | (14,730) |
| Other expense (income): | ||||
| Interest expense, net | 12,652 | 9,212 | 22,891 | 18,243 |
| (Gain) loss on repurchases and extinguishment of debt | — | (3) | 1,452 | (3) |
| Other expense (income), net | 100 | (546) | 91 | (4,697) |
| Income (loss) from operations before tax | 8,298 | (30,033) | 3,749 | (28,273) |
| Income tax provision | 6,289 | 18,825 | 3,251 | 19,032 |
| Net income (loss) | $2,009 | $(48,858) | $498 | $(47,305) |
| Net income (loss) attributable to: | ||||
| Controlling interests | $1,567 | $(49,244) | $(415) | $(48,108) |
| Non-controlling interests | 442 | 386 | 913 | 803 |
| Net income (loss) | $2,009 | $(48,858) | $498 | $(47,305) |
| Basic income (loss) per share | $0.10 | $(3.26) | $(0.03) | $(3.04) |
| Diluted income (loss) per share | $0.09 | $(3.26) | $(0.03) | $(3.04) |
| Weighted average shares outstanding: | ||||
| Basic | 16,225 | 15,097 | 16,057 | 15,829 |
| Diluted | 16,509 | 15,097 | 16,057 | 15,829 |
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