Townsquare Media, a company focused primarily on radio stations in smaller and mid-sized markets, has released its financial performance data for the end of 2025. The report indicates a significant 9.6% drop in total net revenue for the fourth quarter compared to the previous year, totaling $106.5 million. While the company’s “Digital First” strategy has helped maintain its market position, core broadcast advertising revenue saw a steep decline of 17.8%. CEO Bill Wilson noted that despite these headwinds, the company is seeing early signs of digital traffic stabilization as 2026 begins.