Versant Media Reports Third Quarter 2026 Operating and Financial Results
Versant Media reported Q3 2026 revenue of $1.59 billion, down 4.2% year-over-year, with net income of $47 million (down 41%) and diluted EPS of $0.34 versus $0.56 a year ago. Linear distribution (-5.8%) and advertising (-5.3%) declined on subscriber losses and Ryder Cup timing, though Platforms revenue grew 9.6% (17.4% ex-M&A) on Fandango strength, and viewership grew double digits across networks. Free Cash Flow was $302 million and management raised the full-year FCF outlook above the prior $1.0B-$1.2B range while reaffirming revenue and Adjusted EBITDA guidance.
Key figures
- Eps
- 0.34
- Revenue
- 1594000000
- Guidance
- Reaffirmed FY26 revenue of $6.2B-$6.45B and Adjusted EBITDA of $1.90B-$2.05B; Free Cash Flow now expected to exceed prior $1.0B-$1.2B range
- Revenue Yoy
- -4.2%
- Fcf
- 302000000
- Net income
- 47000000
- Completed asr
- $100 million (~2.6 million shares)
- Net income yoy
- -41.1%
- Planned asr q4
- $100 million
- Adjusted ebitda
- 353000000
- Buyback remaining
- $700 million
- Dividend per share
- 0.375
- Adjusted ebitda yoy
- -20.9%
- Operating cash flow
- 346000000
- Platforms revenue yoy
- 9.6%
AI analysis
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