Townsquare Media Inc - 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2026 OR Townsquare Media, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule12b-2 of theExchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As ofMay6, 2026, the registrant had 17,953,792 outstanding shares of common stock consisting of: (i) 16,638,496 shares of ClassA common stock, par value $0.01 pershare and (ii)815,296 shares of Class B common stock, par value $0.01 per share; and (iii)500,000 shares of Class C common stock, par value $0.01 per share. TOWNSQUARE MEDIA, INC. INDEX TOWNSQUARE MEDIA, INC. Note 1. Organization and Basis of Presentation Description of the Business Townsquare is a community-focused digital and broadcast media and digital marketing solutions company principallyfocused outside the top 50 markets in the U.S. Townsquare Ignite, our robust digital advertising division, specializes in helpingbusinesses of all sizes connect with their target audience through data-driven, results based strategies, by utilizing a) our proprietarydigital programmatic advertising technology stack with an in-house demand and data management platform and b) our owned andoperated portfolio of more than 400 local news and entertainment websites and mobile apps along with a network of leading nationalmusic and entertainment brands, collecting valuable first party data. Townsquare Interactive, our subscription digital marketingservices business, partners with small and medium-sized businesses (“SMBs”) to help manage their digital presence by providing a Current economic challenges, including high and sustained inflation and interest rates, and enacted and proposed tariffs havecaused and could continue to cause economic uncertainty and volatility. These factors could result in advertising and subscriptiondigital marketing solutions cancellations, declines in the purchase of new advertising by our clients, declines in the addition of newdigital marketing solutions subscribers, and increases to our operating expenses. We monitor economic conditions closely, and in The extent of the impact of current economic conditions will depend on future actions and outcomes, all of which remainfluid and cannot be predicted with confidence (including effects on advertising activity, consumer discretionary spending and our Basis of Presentation The accompanying Unaudited Consolidated Financial Statements should be read in conjunction with the Company’s auditedConsolidated Financial Statements and related notes thereto included in the Company's Annual Report on Form 10-K (the "2025Annual Report on Form 10-K"). The accompanying unaudited interim Consolidated Financial Statements include the consolidatedaccounts of the Company and its wholly-owned subsidiaries, with all significant intercompany balances and transactions eliminated inconsolidation. These financial statements have been prepared in accordance with Generally Accepted Accounting Principles in theUnited States ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q. Accordingly, they do notinclude all of the information and notes required by U.S. GAAP for complete financial statements. All adjustments (consisting only of The presentation of $0.7million of stock-based compensation expense previously reported in the Corporate category for thethree months ended March 31, 2025 has been reclassified to conform with the current period's presentation. The reclassificationresulted in a $0.3million, $0.1 million, and $0.3 million increase in stock-based compensation for the Digital Advertising, The presentation of $0.1million of broadcast advertising revenue pr