Versant Media Group, Inc. (VSNT) SEC Filings & Earnings Calls
EquiReason read 10 Versant Media Group, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-08-06 — Versant Media reported Q2 2026 revenue of $1.64B (-3.8% YoY), net income $211M (-30.1% YoY), adjusted EBITDA $624M (-8.9% YoY). Raised FY2026 revenue guidance to $6.2-6.45B and adj.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 4.4B
- P/E TTM
- —
- Dividend yield
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- 52-week
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- Next earnings
- 3 Nov, in 10 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
6 Aug 20268-K · 2.02, 7.01Versant Media reported Q2 2026 revenue of $1.64B (-3.8% YoY), net income $211M (-30.1% YoY), adjusted EBITDA $624M (-8.9% YoY). Raised FY2026 revenue guidance to $6.2-6.45B and adjusted EBITDA to $1.9-2.05B. Declared $0.375 dividend and $10earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q2-2026 | $1.64B | -4% y/y |
| Net income attributable to Versant · Q2-2026 | $211M | -30% y/y |
| Adjusted EBITDA · Q2-2026 | $624M | -9% y/y |
| Linear distribution revenue · Linear distribution · Q2-2026 | $954M | -6% y/y |
| Advertising revenue · Advertising · Q2-2026 | $423M | -0% y/y |
| Platforms revenue · Platforms · Q2-2026 | $225M | +1% y/y |
| Platforms revenue (ex-SportsEngine) · Platforms · Q2-2026 | $212M | +9% y/y |
| Content licensing and other revenue · Content licensing · Q2-2026 | $43M | 0% y/y |
| Dividend per share · Q3-2026 | $0.38 | |
| Share repurchase amount · Q2-2026 | $100M |
Guidance
FY2026 total revenue $6.2-6.45B; FY2026 adjusted EBITDA $1.9-2.05B; FY2026 FCF $1.0-1.2B (maintained)
Raised FY2026 revenue and adjusted EBITDA guidance despite Q2 declines, reflecting confidence in H2 performance. FCF guidance maintained.
Risks flagged
Continued linear distribution revenue decline (-6.3% YoY) reflects secular cord-cutting trend.
“Linear distribution $954M vs $1,017M (-6.3%)”
Net income declined 30.1% YoY, adjusted EBITDA declined 8.9% YoY, indicating margin pressure.
“Net income $211M vs $302M (-30.1%); adjusted EBITDA $624M vs $685M (-8.9%)”
6 Aug 202610-QVersant reported Q2 2026 results with revenue down 3.8% YoY, net income down 30.1% YoY, and Adjusted EBITDA down 8.9% YoY, reflecting ongoing linear TV declines and higher standalone costs.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $1.64B | -4% y/y |
| Net income attributable to Versant · Q2-2026 | $211M | -30% y/y |
| Adjusted EBITDA · Q2-2026 | $624M | -9% y/y |
| Cash flows from operations · H1-2026 | $967M | -13% y/y |
| Linear distribution revenue · Linear distribution · Q2-2026 | $954M | -6% y/y |
| Advertising revenue · Advertising · Q2-2026 | $423M | -0% y/y |
| Platforms revenue · Platforms · Q2-2026 | $225M | +1% y/y |
| Content licensing and other revenue · Content licensing and other · Q2-2026 | $43M | 0% y/y |
| Cost of revenue · Q2-2026 | $650M | -7% y/y |
| Programming and production costs · Q2-2026 | $522M | -9% y/y |
Risks flagged
Continued subscriber decline in linear distribution
“We expect to experience continued declines in the number of subscribers and linear distribution revenue, as further discussed in 'Key Factors Affecting Our Business.'” · word for word
Advertising revenue vulnerability to audience fragmentation
“We may experience declines in advertising revenues in future periods as a result of the trends discussed in 'Key Factors Affecting Our Business.'” · word for word
High leverage from Separation debt
“In connection with the Separation, we incurred approximately $3.0 billion of debt, including our Senior Notes and Term Loans” · word for word
Increased costs as standalone public company
“We have incurred and will continue to incur incremental costs related to operating as a public company, including external reporting, internal audit, treasury, investor relations, board of directors, and stock administration” · word for word
6 Jul 20268-K · 7.01Versant Media Group announces definitive agreement to acquire Full Swing for $530M in cash, expanding into interactive sports technology platform.acquisitionopen
Figures in the filing · each found in the filing text
| Purchase Price · 2026-07-06 | $530M |
Risks flagged
Integration risk and potential failure to realize anticipated benefits of the acquisition.
“Company's ability to complete strategic transactions, such as the Transaction, including the satisfaction of conditions to closing and the timing of anticipated closing, and to recognize anticipated benefits of the Transaction.” · word for word
14 May 202610-QRevenue $1.69B (-1% y/y); Net income attributable to Versant $286M (-22% y/y); Adjusted EBITDA $704M (-7% y/y)open
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $1.69B | -1% y/y |
| Net income attributable to Versant · Q1-2026 | $286M | -22% y/y |
| Adjusted EBITDA · Q1-2026 | $704M | -7% y/y |
| Operating cash flow · Q1-2026 | $585M | +22% y/y |
| Linear distribution revenue · Linear distribution · Q1-2026 | $1.01B | -7% y/y |
| Advertising revenue · Advertising · Q1-2026 | $368M | -5% y/y |
| Platforms revenue · Platforms · Q1-2026 | $192M | +10% y/y |
| Content licensing and other revenue · Content licensing and other · Q1-2026 | $121M | +114% y/y |
| Cash and cash equivalents · Q1-2026 | $1.19B | |
| Total long-term debt · Q1-2026 | $2.95B |
Risks flagged
Cable subscriber decline
“The amount of revenue we earn from MVPDs for the distribution of our networks has declined in recent years, primarily reflecting ongoing declines in MVPD subscriber levels.” · word for word
Advertising revenue decline
“Advertising revenue decreased...primarily due to decreases at our networks as a result of ratings declines.”
High leverage
“In connection with the Separation, we incurred approximately $3.0 billion of debt.” · word for word
14 May 20268-K · 2.02, 7.01Versant Media reported Q1 2026 revenue of $1.69B (down 1.1% YoY), net income $286M (down 22.1%), Adjusted EBITDA $704M (down 7.0%). Platforms grew 9.5% but linear distribution and advertising declined. Declared $0.375 dividend and $100M ASRearningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q1-2026 | $1.69B | -1% y/y |
| Net income attributable to Versant · Q1-2026 | $286M | -22% y/y |
| Adjusted EBITDA · Q1-2026 | $704M | -7% y/y |
| Linear distribution revenue · Linear distribution · Q1-2026 | $1.01B | -7% y/y |
| Advertising revenue · Advertising · Q1-2026 | $368M | -5% y/y |
| Platforms revenue · Platforms · Q1-2026 | $192M | +10% y/y |
| Content licensing and other revenue · Content licensing and other · Q1-2026 | $121M | +114% y/y |
| Dividend per share · Q2-2026 | $0.38 |
Risks flagged
Continued decline in linear distribution and advertising revenue may pressure overall revenue growth.
“Linear distribution -7.3%, Advertising -5.2% YoY.”
23 Apr 2026DEF 14AProxy statement for 2026 annual meeting; first as independent company; details governance, compensation, and strategic priorities.open
Figures in the filing · each found in the filing text
| Total Revenue · FY2025 | $6.70B | |
| Net Income Attributable to Versant · FY2025 | $930M | |
| Standalone Adjusted EBITDA Margin · FY2025 | 30.0% | |
| Non-Pay TV Revenue Mix · FY2025 | 19.0% | |
| GolfNow Annual Rounds Booked · FY2025 | 40,000,000 | |
| Quarterly Dividend per Share · Q1-2026 | $0.38 | |
| Share Repurchase Authorization · FY2026 | $1.00B |
Guidance
Targeting ~33% of revenue from Non-Pay TV sources over 3-5 years, eventually ~50%
Management targets digital revenue mix growth to 33-50% over time, supported by new DTC launches and strong financials.
Risks flagged
Spin-off execution risk
“Versant became an independent public company following its spin-off from Comcast Corporation” · word for word
Dependence on Comcast transition services
“The Transition Services Agreement sets forth the terms on which Comcast provides to Versant, on a transitional basis, certain services or functions that the companies historically have shared.” · word for word
3 Mar 20268-K · 2.02, 7.01Revenue $6.69B (-5% y/y); Net income attributable to Versant $930M (-32% y/y); Adjusted EBITDA $2.42B (-14% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $6.69B | -5% y/y |
| Net income attributable to Versant · FY2025 | $930M | -32% y/y |
| Adjusted EBITDA · FY2025 | $2.42B | -15% y/y |
| Standalone Adjusted EBITDA · FY2025 | $2.18B | -9% y/y |
| Linear distribution revenue · Linear distribution · FY2025 | $4.09B | -5% y/y |
| Advertising revenue · Advertising · FY2025 | $1.58B | -9% y/y |
| Platforms revenue · Platforms · FY2025 | $826M | +4% y/y |
| Content licensing and other revenue · Content licensing and other · FY2025 | $193M | -9% y/y |
| Dividend per share · Q1-2026 | $0.38 | |
| Share repurchase authorization · FY2026 | $1.00B |
Risks flagged
Revenue decline across linear and advertising segments indicates structural headwinds.
“Linear distribution -5.4%, Advertising -8.9% YoY”
5 Jan 20268-K · 1.01, 2.01, 2.03, 5.01, 5.02, 5.03, 8.01Entered a material definitive agreement (acquisition, partnership, or major contract); completed an acquisition or disposition of significant assetsopen
Risks flagged
Spin-off introduces execution risk as a standalone entity; new board and management team.
“newly appointed directors and officers; separation and distribution agreement”
8 Dec 20258-K · 7.01Hours watched 14,000,000,000; households reached 65,000,000; transactions processed 140,000,000open
Figures in the filing · each found in the filing text
| hours watched · 2024 | 14,000,000,000 | |
| households reached · point_in_time | 65,000,000 | |
| transactions processed · point_in_time | 140,000,000 |
Versant Media Group, Inc. — questions
- What did Versant Media Group, Inc. file recently?
- 10 SEC filings in the last 12 months. Latest: 8-K on 2026-08-06 — Versant Media reported Q2 2026 revenue of $1.64B (-3.8% YoY), net income $211M (-30.1% YoY), adjusted EBITDA $624M (-8.9% YoY). Raised FY2026 revenue guidance to $6.2-6.45B and adjusted EBITDA to $1.9-2.05B. Declared $0.375 dividend and $10
Every figure on this page comes from Versant Media Group, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.