Townsquare Sets Digital Revenue Record.

Townsquare Media beat its profit guidance for the first quarter of 2025 and grew total profit by 3.5% vs. the year-ago period, the company said in a news release Thursday.

The company said profit grew 6.2%, excluding political.

Townsquare continues to reach new heights with its digital revenue as 62% of its profit and 57% of its revenue was generated via the company’s digital side. The digital revenue percentage was the highest in the company’s history.

Digital profit grew 16% on a year-over-year basis, and digital revenue grew 6% YoY.

“Sometimes it takes a challenging macroeconomic environment to serve the purpose of highlighting how truly differentiated Townsquare is from others in local media,” CEO Bill Wilson said in a news release. “We have transformed and evolved; we began as a traditional broadcast company and we are now a Digital First Local Media.”

Revenue at the company’s Townsquare Ignite digital advertising unit rose 8%, while the Townsquare Interactive digital marketing solutions unit was up 4% YoY.

The strong digital performance overshadowed the company’s broadcast advertising. Excluding political, it was down 8%, in line with expectations the company announced on its March earnings call.

“Transformations don’t have to require a change of fundamental goals,” Wilson said. “In 2025 we have the same goal that we had when Townsquare was formed in 2010. We want to continue to be best-in-class in entertaining and informing our audiences and communities across all platforms while super-serving our clients and partners with world-class marketing and advertising solutions to grow their business and achieve their goals. In a rapidly changing landscape for consumers and local businesses, it has never been more important to embrace transformation and evolution. And that is exactly what the Townsquare Team is doing each and every day and I could not be more proud and appreciative of the team.”

Townsquare completed a debt refinancing in February, which extended its maturities to 2030 and provided more flexibility on its balance sheet. “Due to our strong cash generation and recent refinancing, we retain financial flexibility moving forward and we are confident in our ability to build shareholder value for our investors through long-term net revenue, Adjusted EBITDA and cash flow growth, net leverage reduction, and future dividend payments,” Wilson said.

Townsquare also said its Board of Directors approved a quarterly cash dividend of $0.20 per share. The dividend will be payable Aug. 1, 2025, to shareholders of record as of the close of business on July 18, 2025. As of the last closing price, that reflects a dividend yield of approximately 12%.