Versant Media Group, Inc. (VSNT)

NASDAQ:VSNT

VSNT

Versant Media Group

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Versant Media Group (VSNT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 14, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.52

Last Year’s EPS

2.54

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 4 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Mar 03, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call balanced solid strategic progress, strong cash generation and margin resilience with clear execution on new platforms, rights renewals and audience engagement against notable near-term headwinds: declining revenue and advertising, platform sensitivity to theatrical slates, and secular pay-TV pressures. Management provided credible paths for diversification (D2C, AVOD, acquisitions) and returned capital to shareholders, but top-line and ad weakness and some temporary cash/working-capital impacts temper the near-term outlook.

Company Guidance

Versant guided to revenue of $6.15–$6.40 billion for 2026, adjusted EBITDA of $1.85–$2.00 billion, and free cash flow of $1.0–$1.2 billion, with an expected cash tax rate of ~26%; 2026 CapEx is expected to be modestly above stand‑alone 2025 levels (driven by the Manhattan HQ and platform investments) and depreciation & amortization will remain elevated through 2026 as intangibles amortization largely completes by year‑end. Management expects platforms to return to high single‑digit organic revenue growth in 2026 (platforms were ~$826 million in 2025, up 4%), is targeting non‑pay TV revenue of ~33% over the next 3–5 years (versus 19% in 2025 and 17% in 2024), and noted 2025 metrics of ~$6.7B total revenue, ~$2.2B stand‑alone adjusted EBITDA (margins >30%), and ~$1.5B stand‑alone free cash flow; balance sheet and capital return plans include beginning cash of ~$850M, total liquidity of ~$1.6B (including a $750M revolver), gross debt of ~$3.0B (net leverage ~1x TTM adj. EBITDA), a $1.0B share repurchase authorization and a $0.375 quarterly dividend ($1.50 annual).

Solid Cash Generation and Profitability

Stand-alone free cash flow of approximately $1.5 billion in 2025, stand-alone adjusted EBITDA of about $2.2 billion (margins above 30%), and net leverage ~1x trailing 12-month stand-alone adjusted EBITDA, demonstrating strong cash generation and balance sheet flexibility.

Revenue Diversification Progress and Platforms Growth

Platforms revenue increased ~4% to ~$826 million in 2025; non-pay TV revenue rose from 17% to 19% of total revenue year-over-year, with a target of 33% over the next 3–5 years. Management expects high single-digit organic platforms growth in 2026 supported by GolfNow, Fandango, and INDY Cinema contribution.

Capital Return Program Announced

Board declared first quarterly dividend of $0.375 per share (annualized $1.50) and approved a $1 billion share repurchase authorization, reflecting confidence in the business and strong balance sheet.

Large-Scale Audience Reach and Strong Brand Positions

Versant reaches an average of ~100 million people per month; ~60% of audience is news and sports (highly valued by advertisers). CNBC is positioned as #1 global business media brand; Golf Channel is the #1 golf media outlet.

Strategic Content & Rights Wins

Extended USGA rights through 2032 and PGA of America (including Ryder Cup) through 2033; aired 2,000+ hours across 200+ golf events in 2025; secured long-term NASCAR cost savings; USA network delivered #1 scripted cable original premiere (The Rainmaker) renewed for season 2.

New Product and Platform Initiatives

Planned launches include CNBC next-generation D2C subscription for retail investors, MS NOW D2C community platform, and a Fandango ad-supported (AVOD) streaming service; INDY Cinema and Free TV Networks acquisitions expand distribution and platform capabilities.

Audience Engagement and Digital Reach

MS NOW saw double-digit growth in total viewers since rebrand (Nov 2025) and generated nearly 8 billion views across TikTok/YouTube plus >140 million podcast downloads, showing strong multi-platform engagement and monetization potential.

Financial Visibility and 2026 Outlook

2026 guidance: revenue $6.15–$6.4 billion, adjusted EBITDA $1.85–$2.0 billion, free cash flow $1.0–$1.2 billion. Management expects depreciation/amortization to subside by year-end 2026 and cash tax rate ~26% for 2026.

Versant Media Group (VSNT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VSNT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Press Release	Slides	Play Transcript
May 14, 2026	2026 (Q1)	1.51 / -	2.539	―		―	―
Mar 03, 2026	2025 (Q4)	0.96 / 1.63	2.602	-37.36% (-0.97)		―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VSNT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 03, 2026	$32.41	$33.66	+3.88%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Versant Media Group, Inc. (VSNT) report earnings?

Versant Media Group, Inc. (VSNT) is schdueled to report earning on May 14, 2026, Before Open (Confirmed).

What is Versant Media Group, Inc. (VSNT) earnings time?

Versant Media Group, Inc. (VSNT) earnings time is at May 14, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VSNT EPS forecast?

VSNT EPS forecast for the fiscal quarter 2026 (Q1) is 1.52.