Versant Media Group, Inc. (VSNT) Form 10-Q — Nov 3, 2026
Versant Media's first full standalone quarter as a Comcast spinoff showed Q3 2026 revenue of $1.59 billion, down 4.2% YoY, with net income falling 41% to $47 million and Adjusted EBITDA down 21% to $353 million. The declines were driven by ongoing linear distribution subscriber erosion (-5.8% to $935M) and lower advertising revenue, plus $53 million in new interest expense from the $3.0 billion debt load taken on at the January 2026 Separation.
Key figures
- Eps
- 0.34
- Revenue
- 1594
- Net Income
- 47
- Total Debt
- 2927
- Revenue Yoy
- -4.2% (Q3); -3.0% nine months
- Cash Position
- 1051
- Goodwill
- 8127
- Term loans
- $2.0B due January 2031
- Senior notes
- $1.0B 7.250% Senior Notes due January 2031
- Q3 basic eps 2025
- 0.56
- Nine month eps basic
- 3.86
- Q3 2025 revenue musd
- 1663
- Dividend per share q3
- 0.375
- Nine month revenue musd
- 4925
- Payment to comcast musd
- 2250
- Q3 adjusted ebitda musd
- 353
- Full swing acquisition musd
- 536
- Repurchase availability musd
- 700
- Sportsengine divestiture musd
- 143
- Sportsengine pretax loss musd
- 39
- Dividends paid nine month musd
- 106
- Nine month adjusted ebitda musd
- 1681
- Share repurchases nine month musd
- 300
- Fair value excess over carrying pct
- 11
- Operating cash flow nine month musd
- 1313
- Networks reporting unit goodwill musd
- 6680
AI analysis
Red flags6 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.