As far as Townsquare Media CEO Bill Wilson is concerned, the company’s third quarter results aren’t a surprise: net revenue and adjusted EBITDA came in right on target, based on the guidance the “local first” media company previously shared. Wilson applauded the hard work executed by employees “in the current macroeconomic environment.”
Alas, Townsquare Media, with more than half of its revenue across the first three quarters of 2025 coming from Digital sources, swung to a net loss. A non-cash impairment charge is reflected in these results. But is there something more to take note of?
![Niagara Falls, Ont., looking at Niagara Falls, N.Y. [Photo: Adam R Jacobson]](https://rbr.com/wp-content/uploads/333859_10150426129238072_1994004049_o-218x150.jpg "A Niagara Falls AM Gets A Second FM Translator")
