EarningsQ2 2026 Earnings Report
DE:2T8 Q2 2026 EPS Results
Actual EPS-€2.11
Consensus EPS€0.17
Beat/MissMissed by -€2.27
One Year Ago EPS€0.08
DE:2T8 Q2 2026 Revenue Results
Actual Revenue€102.94M
Expected Revenue€102.39M
Beat/MissBeat by +€549.71K
YoY Revenue Growth-0.08%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
DE:2T8 Upcoming Earnings
Townsquare Media's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:2T8 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive picture of a company well into a strategic transformation toward a digital-first model: strong digital revenue mix (majority of profit and revenue), accelerating Digital Advertising (11% YoY) and robust programmatic growth (+27%), expansion of a capital-light media partnership business, and record TSI profitability (37.6% margin). Offsetting items include meaningful non-cash FCC impairments that produced a GAAP net loss, elevated net leverage (5.44x), TSI revenue still down (–8.5% YoY) while its salesforce is rebuilt, and ongoing broadcast revenue declines (–5.5% / –7.2% ex-political). Overall, the operational momentum in digital and reaffirmed guidance/significant strategic initiatives materially outweigh the accounting charges and near-term legacy-media pressures.Company Guidance
Revenue and Guidance Met
Q2 net revenue of $115.4M was roughly flat year-over-year and above the midpoint of guidance; company narrowed full-year guidance to $425M–$431M in net revenue and $87M–$90M in adjusted EBITDA, with Q3 net revenue guidance of $108M–$110M (midpoint = low single-digit YoY growth).
Digital Became Majority of Business
Digital now represents approximately 59% of total segment profit and ~57% of total net revenue year-to-date, a structural shift the company views as a competitive differentiator versus peers (~31% average digital revenue).
Digital Advertising Acceleration
Digital Advertising revenue grew +11% year-over-year in Q2 (up from +7% in Q1), with management expecting further acceleration in Q3 driven by owned-and-operated and programmatic strength.
Programmatic Growth
Programmatic now represents ~70% of year-to-date Digital Advertising revenue and grew +27% year-over-year in Q2, a key driver of the Digital Advertising acceleration.
Media Partnership Momentum and Scale
Media partnership business expanded to 16 partners and 41 incremental markets (115 total markets reached); media partnership revenue was ~$6M in 2025 and is expected to more than double in 2026, with a target of $50M revenue at a 20% profit margin within four years.
Townsquare Interactive Profitability
Townsquare Interactive (TSI) delivered record segment profit margins of ~37.6% in Q2, with monthly revenue stabilizing at roughly $5.7M in April–June; management expects a return to sequential monthly revenue growth by year-end (potentially Q3).
Broadcast Cash Flow and Operating Discipline
Broadcast continues to generate meaningful cash flow and profitability despite secular ad headwinds; company outperformed the industry per Miller Kaplan estimates and plans disciplined expense management while leveraging broadcast to support digital sales.
Balance Sheet Actions and Capital Allocation
Generated $7.8M of cash flow from operations in the first six months; ended Q2 with $462M debt outstanding and a Board-approved quarterly dividend of $0.20/share (annualized $0.80, ~ $14M annual payout). Management plans to use excess cash flow for debt reduction and continued digital investments.
DE:2T8 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed