Townsquare Media, Inc.
For the period ended Nov 10, 2025. Filed Nov 10, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 10, 2025 · Filed Nov 10, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net revenue | $106,759 | $115,311 | $320,882 | $333,169 |
| Operating costs and expenses: | ||||
| Direct operating expenses, excluding depreciation, amortization, and stock-based compensation | 78,758 | 83,794 | 237,403 | 246,201 |
| Depreciation and amortization | 4,646 | 4,947 | 13,619 | 14,896 |
| Corporate expenses | 5,985 | 6,063 | 16,905 | 17,762 |
| Stock-based compensation | 3,066 | 2,867 | 11,044 | 14,062 |
| Transaction and business realignment costs | 6,891 | 645 | 10,718 | 3,683 |
| Impairment of intangible assets, goodwill, investments and long-lived assets | 3,098 | 2,008 | 4,598 | 36,264 |
| Net gain on sales and retirements of assets | (1,621) | (110) | (7,524) | (66) |
| Total operating costs and expenses | 100,823 | 100,214 | 286,763 | 332,802 |
| Operating income | 5,936 | 15,097 | 34,119 | 367 |
| Other expense (income): | ||||
| Interest expense, net | 12,606 | 9,175 | 35,497 | 27,418 |
| (Gain) loss on repayments, repurchases and extinguishment of debt | (247) | (8) | 1,205 | (11) |
| Other expense (income), net | 135 | (277) | 226 | (4,974) |
| (Loss) income from operations before tax | (6,558) | 6,207 | (2,809) | (22,066) |
| Income tax (benefit) provision | (1,060) | (5,129) | 2,191 | 13,903 |
| Net (loss) income | $(5,498) | $11,336 | $(5,000) | $(35,969) |
| Net (loss) income attributable to: | ||||
| Controlling interests | $(5,902) | $10,847 | $(6,317) | $(37,261) |
| Non-controlling interests | 404 | 489 | 1,317 | 1,292 |
| Net (loss) income | $(5,498) | $11,336 | $(5,000) | $(35,969) |
| Basic (loss) income per share | $(0.36) | $0.71 | $(0.39) | $(2.38) |
| Diluted (loss) income per share | $(0.36) | $0.63 | $(0.39) | $(2.38) |
| Weighted average shares outstanding: | ||||
| Basic | 16,299 | 15,296 | 16,139 | 15,650 |
| Diluted | 16,299 | 17,227 | 16,139 | 15,650 |
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