Noble Capital Cuts Townsquare Media (TSQ) Price Target After Soft Q3 Results

Core Viewpoint - Townsquare Media, Inc. (NYSE:TSQ) has faced challenges in its Q3 performance, leading to a price target reduction by Noble Capital, while still maintaining an Outperform rating [2]. Financial Performance - For Q3 2025, Townsquare Media reported revenue of $106.8 million, representing a decline of nearly 8% year-over-year [3]. - In the first nine months of 2025, digital net revenue increased by 2.1% year-over-year, accounting for 55% of total net revenue, while Digital Segment Profit grew by 3.6% [3]. - The company anticipates Q4 2025 net revenue to be between $105 million and $109 million, with projected Adjusted EBITDA ranging from $21.5 million to $23.5 million [3]. Market Position - Townsquare Media operates as a media, entertainment, and digital marketing company, focusing on radio stations and digital platforms in small and mid-sized markets across the US [4].