Versant: Q3 Earnings Snapshot

Versant Media Group (VSNT) reported Q3 2026 revenue of $1.59B, down 4%, with declines in pay TV and advertising. Adjusted EBITDA fell 7% to $353M. CEO Mark Lazarus highlighted growth in platforms like Fandango and GolfNow, and investments in sports and news content. The company is focusing on DTC products and M&A opportunities within its four verticals.

Versant Media (VSNT) reported Q3 2026 earnings, highlighting progress in distribution renewals, digital platform growth, and acquisitions. Key achievements include 75% of network subscribers under contract into 2028, double-digit revenue growth in digital platforms, and successful launches like MS Now direct-to-consumer and Fandango streaming. The company affirmed its 2026 full-year outlook with revenue of $6.2B-$6.45B and adjusted EBITDA of $1.9B-$2.05B.

Versant Media Group, Inc. (VSNT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Versant Media Reports Third Quarter 2026 Operating and Financial Results • Revenue of $1.59 Billion • Net Income Attributable to Versant of $47 Million • Adjusted EBITDA of $353 Million 1 • Declared Fourth Quarterly Cash Dividend of $0.375 Per Share • Completed $100 Million Accel

Morgan Stanley initiated coverage on Versant Media Group (NASDAQ:VSNT) with an equalweight rating and a $38.00 price target. The company, a Comcast/NBCU spin-off, trades at a low EV/EBITDA multiple and has a strong free cash flow yield. Morgan Stanley forecasts revenue and EBITDA declines for 2027-2029 due to pay-TV headwinds. VSNT reported a 4% revenue decline in Q2 but raised its full-year 2026 outlook. Goldman Sachs lowered its price target to $43, citing advertising revenue challenges.

Goldman Sachs reduced its price target for Versant Media Group (VSNT) to $43 from $46, citing lower ad revenue expectations and linear distribution challenges. The stock is currently trading at $36.33, below the new target and InvestingPro's Fair Value of $45.78. Goldman lowered its Q3 2026 ad revenue estimate to $376M, down 5% YoY, but raised Content Licensing revenue to $40M. The firm forecasts Q3 2026 EBITDA of $315M and total revenue of $1.58B. VSNT reported a 4% revenue decline in Q2 but a

Versant Media Group (VSNT) reported Q2 2026 revenue of $1.64B, down 3.8% YoY, and net income of $211M, down 30.1%. Despite declines, the company raised full-year guidance and announced a $100M stock buyback. Platforms revenue grew 9.3%, driven by Fandango and GolfNow, while linear distribution revenue fell 6.3%. Management highlighted sports rights and streaming growth but noted legacy cable challenges.