Versant Media Group, Inc. (VSNT) Form 8-K — Nov 3, 2026
Versant Media Group (Nasdaq: VSNT) reported Q3 2026 revenue of $1.594 billion, down 4.2% year over year, with net income of $47 million, down 41.1% from $80 million, and Adjusted EBITDA of $353 million, down 20.9%. Linear distribution (-5.8%) and advertising (-5.3%) declined, while Platforms revenue grew 9.6% (17.4% excluding SportsEngine and Full Swing). Despite the revenue pressure, the company reaffirmed its full-year 2026 outlook for revenue ($6.2B-$6.45B) and Adjusted EBITDA ($1.90B-$2.05B), and said Free Cash Flow should exceed its prior $1.0-$1.2 billion forecast. Q3 Free Cash Flow was $302 million on $346 million of operating cash flow.
Key figures
- Eps
- 0.34
- Revenue
- 1594000000
- Guidance
- Reaffirmed FY2026 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 forecast
- Net Income
- 47000000
- Total Assets
- 12656000000
- Cash Position
- 1051000000
- Asr completed
- $100 million (~2.6 million shares)
- Asr planned q4
- $100 million
- Adjusted ebitda
- $353 million (down 20.9% YoY; down 7.4% vs Standalone Adjusted EBITDA)
- Free cash flow q3
- $302 million
- Dividend per share
- $0.375
- Operating cash flow q3
- $346 million
- Platforms revenue change
- +9.6% (+17.4% ex-SportsEngine/Full Swing)
- Advertising revenue change
- -5.3%
- Buyback capacity remaining
- $700 million
- Shares outstanding class a
- 136247945
- Total capital returned to date
- $457 million
- Linear distribution revenue change
- -5.8%
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