Versant Media Group, Inc. (VSNT)
Versant Media Group, Inc. (Class A) functions as a leading entity within the media and entertainment sector. The company primarily focuses its operations across four distinct market categories: political news and commentary, financial reporting and personal wealth management, participation in golf and other athletic activities, and a range of sports and genre-specific entertainment. It reaches these diverse audiences through a robust collection of established brands, encompassing both well-known broadcast networks and their complementary digital platforms. Versant Media Group, Inc. was founded on May 1, 2025, and is based in Englewood Cliffs, New Jersey.
Sector: Television Broadcasting Stations
Industry: Entertainment
Versant Media Group, Inc. Class A
NASDAQ:VSNTCommunication Services · Entertainment
AHAfter hours+0.00%$33.98
Prev close$32.69+3.95%Close$33.980.00%Now$33.98
Close$33.98+3.95%
Mkt Cap$4.73B
Float134.13M
O/S139.17M
VOL3.97M sh
$ Vol$136.16M
RVOL1.96×
Inst Own88.9%
SI4.4%
Div Yield3.31%
Dilution
Financials Summary
Revenue$6.69B
Net Income$930M
Total Assets$12.33B
Free Cash Flow$1.85B
Debt & Equity
Debt 9%
Equity 91%
Total Debt$983M
Total Equity$10.29B
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitAug 23, 200510 shares → 1
Balance Sheet Details
Assets$12.33B
Liabilities$1.93B
Accounts Receivable$1.15B
Accounts Payable$151M
Inventory$0
PP&E (Net)$423M
Goodwill$7.61B
Intangible Assets$924M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $6.69B | $7.06B | $7.44B | $7.83B |
| YoY Growth | -5.3% | -5.1% | -5.0% | - |
| Cost of Revenue | $2.94B | $3.06B | $3.15B | $3.16B |
| Gross Profit | $3.75B | $4B | $4.29B | $4.67B |
| Gross Margin | 56.1% | 56.6% | 57.6% | 59.7% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.47B | $1.17B | $1.23B | $1.27B |
| Other | $1.01B | $989M | $991M | $992M |
| Total Operating Expenses | $2.48B | $2.16B | $2.22B | $2.26B |
| Operating Income (EBIT) | $1.27B | $1.84B | $2.07B | $2.41B |
| Operating Margin | 19.0% | 26.1% | 27.8% | 30.8% |
| Interest Expense | $13M | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$44M | $1M | $1M | -$61M |
| Income Before Tax (EBT) | $1.23B | $1.84B | $2.07B | $2.35B |
| Income Tax Expense | $297M | $478M | $530M | $591M |
| Net Income | $930M | $1.36B | $1.54B | $1.76B |
| Net Income Margin | 13.9% | 19.3% | 20.7% | 22.5% |
| Supplementary Data | ||||
| EPS | 6.43 | 9.43 | 10.65 | 12.21 |
| Diluted EPS | 6.43 | 9.43 | 10.65 | 12.21 |
| Weighted Average OS | 144.53M | 144.53M | 144.53M | 144.53M |
| EBITDA | $2.25B | $2.83B | $3.06B | $3.4B |
| EBITDA Margin | 33.7% | 40.1% | 41.1% | 43.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $55M | $8M | $23M |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $55M | $8M | $23M |
| Accounts Receivable | $1.15B | $1.25B | $1.35B |
| Inventory | $0 | $0 | $0 |
| Other Current Assets | $1.3B | $65M | $53M |
| Total Current Assets | $2.5B | $1.32B | $1.42B |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $423M | $143M | $161M |
| Goodwill | $7.61B | $7.73B | $7.73B |
| Intangible Assets | $924M | $1.87B | $2.8B |
| Long-Term Investments | $214M | $254M | $254M |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $659M | $733M | $734M |
| Total Long-Term Assets | $9.83B | $10.73B | $11.68B |
| Other Assets | $0 | $1M | $0 |
| Total Assets | $12.33B | $12.05B | $13.1B |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $151M | $102M | $105M |
| Short-Term Debt | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $163M | $135M | $116M |
| Other Current Liabilities | $62M | $44M | $42M |
| Total Current Liabilities | $622M | $590M | $614M |
| Long-Term Liabilities | |||
| Long-Term Debt | $983M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $191M | $428M | $572M |
| Other Long-Term Liabilities | $135M | $116M | $236M |
| Total Long-Term Liabilities | $1.31B | $544M | $808M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $1.93B | $1.13B | $1.42B |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $0 | $0 | $0 |
| Comprehensive Income & Other | -$7M | -$8M | -$8M |
| Other Stockholders' Equity | $10.29B | $10.8B | $11.56B |
| Total Equity | $10.29B | $10.8B | $11.56B |
| Minority Interest | $110M | $118M | $117M |
| Total Liabilities and Equity | $12.22B | $11.93B | $12.98B |
| Supplementary Data | |||
| Total Debt | $983M | $0 | $0 |
| Net Debt | $928M | -$8M | -$23M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | $931M | $1.36B | $1.54B | $1.76B |
| Depreciation & Amortization | $1.01B | $989M | $991M | $992M |
| Deferred Income Tax | -$139M | -$145M | -$135M | -$151M |
| Stock-Based Compensation | $29M | $16M | $15M | $17M |
| Changes in Working Capital: | ||||
| Accounts Receivable | $0 | $100M | $41M | -$62M |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $25M | -$3M | -$12M | -$48M |
| Other Working Capital | $125M | -$111M | -$12M | -$57M |
| Total Working Capital Change | $150M | -$14M | $17M | -$167M |
| Other Non-Cash Items | $41M | $0 | $0 | $60M |
| Net Cash from Operating | $2.02B | $2.21B | $2.43B | $2.51B |
| Investing Activities | ||||
| Capital Expenditures | -$167M | -$54M | -$56M | -$65M |
| Acquisitions | -$24M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $36M | -$17M | -$4M | $26M |
| Net Cash from Investing | -$155M | -$71M | -$60M | -$39M |
| Financing Activities | ||||
| Debt Repaid | -$986M | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.77B | -$2.15B | -$2.35B | -$2.49B |
| Net Cash from Financing | -$782M | -$2.15B | -$2.35B | -$2.49B |
| Forex Effect | $0 | $0 | -$1M | $1M |
| Net Change in Cash | $1.08B | -$15M | $12M | -$15M |
| Supplementary Data | ||||
| Operating Cash Flow | $2.02B | $2.21B | $2.43B | $2.51B |
| Capital Expenditure | -$167M | -$54M | -$56M | -$65M |
| Free Cash Flow | $1.85B | $2.16B | $2.37B | $2.44B |
| Cash at Beginning | $8M | $23M | $11M | $26M |
| Cash at End | $1.09B | $8M | $23M | $11M |