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Versant Media Group
(NASDAQ:VSNT)
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Rating:75Outperform
Price Target:
$43.00
Action:Reiterated
Date:07/06/26
VSNT scores well primarily due to strong balance-sheet quality and cash generation, reinforced by an attractive low P/E and a dividend. The score is held back by weakening top-line trends and mixed technicals (negative MACD and below the 50-day average), while earnings-call guidance and recent strategic actions/capital returns provide moderate support amid ongoing linear/advertising headwinds.
Positive Factors
Balance Sheet & Liquidity
A sizable equity base and historically zero debt through 2023–24, plus $1.2B cash at quarter end, provide durable financial flexibility. This supports continued investment in platforms, disciplined M&A, and capital returns while buffering the business against cyclical ad/distribution downturns.
Negative Factors
Top-line Decline
Sustained revenue contraction across multiple years indicates secular pressure in core linear distribution and advertising. Persistent top-line weakness can limit reinvestment capacity, slow margin recovery, and force greater reliance on platforms and licensing to restore long-term growth trajectory.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet & Liquidity
A sizable equity base and historically zero debt through 2023–24, plus $1.2B cash at quarter end, provide durable financial flexibility. This supports continued investment in platforms, disciplined M&A, and capital returns while buffering the business against cyclical ad/distribution downturns.
Read all positive factors
Versant Media Group (VSNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.08B
Dividend YieldN/A
Average Volume (3M)1.96M
Price to Earnings (P/E)6.1
Beta (1Y)0.57
Revenue Growth-4.07%
EPS Growth-34.26%
CountryUS
Employees4,400
SectorGeneral
Sector StrengthN/A
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)5.88
Shares Outstanding141,120,240
10 Day Avg. Volume2,266,583
30 Day Avg. Volume1,957,123
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.63
Price to Sales (P/S)0.97
P/FCF Ratio3.51
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue1.07
Enterprise Value/Gross Profit2.22
Enterprise Value/Ebitda3.23
Forecast
1Y Price Target
$41.50Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)4.22
Revenue Forecast (FY)$6.41B
Versant Media Group Business Overview & Revenue Model
Company Description
Versant Media Group, Inc. (Class A) functions as a leading entity within the media and entertainment sector. The company primarily focuses its operations across four distinct market categories: political news and commentary, financial reporting an...
Versant Media Group Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q1-2026)
| Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, digital and platform momentum, high profitability and healthy cash generation, alongside active capital return and disciplined M&A. These positives largely offset continued revenue pressure from Pay TV secular trends, near-term cost investments for platforms, and variability from content licensing and working capital timing. Management provided concrete guidance and reiterated strategic priorities (platform expansion, D2C launches, library monetization), indicating confidence in the company’s ability to grow and diversify revenues.Positive Updates
Strong Profitability and EBITDA Expansion
Adjusted EBITDA of $704 million, up 5% year-over-year, with margins remaining well above 30%, reflecting disciplined operating efficiency and cost management.
Negative Updates
Overall Revenue Modest Decline
Total revenue of ~$1.69 billion, down 1% year-over-year, reflecting continued headwinds from Pay TV secular declines despite offsetting strengths elsewhere.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Profitability and EBITDA Expansion
Adjusted EBITDA of $704 million, up 5% year-over-year, with margins remaining well above 30%, reflecting disciplined operating efficiency and cost management.
Read all positive updates
Company Guidance
Versant reaffirmed full‑year 2026 guidance of $6.15–$6.40 billion in revenue, $1.85–$2.00 billion of adjusted EBITDA and $1.0–$1.2 billion of free cash flow, while warning of quarter‑to‑quarter variability from content‑licensing timing, working‑capital timing and higher programming costs in H2 (particularly Q4). In Q1 the company reported $1.69 billion of revenue, $704 million of adjusted EBITDA and $558 million of free cash flow, with key line items of $1.01 billion in linear distribution revenue (‑7% YoY), $368 million in advertising revenue (‑5% YoY), $192 million in Platforms revenue (+9% YoY), $121 million in content licensing (vs. $57M prior year), programming & production costs of $519 million, total cost of revenue $638 million and SG&A of $346 million (‑9% YoY). Management expects modest increases in SG&A and capital expenditures over the balance of the year to support D2C/Platforms initiatives and a Manhattan build‑out, finished the quarter with $1.2 billion of cash, declared a $0.375 quarterly dividend, repurchased $100 million of Class A shares in Q1 and announced a $100 million accelerated share repurchase to complete in Q2 under the $1 billion repurchase authorization.Versant Media Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 6.67B | 6.69B | 7.06B | 7.44B |
| Gross Profit | 3.23B | 3.75B | 4.00B | 4.29B |
| EBITDA | 2.21B | 2.25B | 2.83B | 3.06B |
| Net Income | 848.00M | 930.00M | 1.36B | 1.54B |
Balance Sheet | ||||
| Total Assets | 12.51B | 12.33B | 12.05B | 13.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.19B | 55.00M | 8.00M | 23.00M |
| Total Debt | 2.95B | 983.00M | 0.00 | 0.00 |
| Total Liabilities | 4.36B | 1.93B | 1.13B | 1.42B |
| Stockholders Equity | 8.03B | 10.29B | 10.80B | 11.56B |
Cash Flow | ||||
| Free Cash Flow | 1.96B | 1.85B | 2.16B | 2.37B |
| Operating Cash Flow | 2.13B | 2.02B | 2.21B | 2.43B |
| Investing Cash Flow | -304.00M | -155.00M | -71.00M | -60.00M |
| Financing Cash Flow | -633.00M | -782.00M | -2.15B | -2.35B |
Versant Media Group Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $5.08B | 6.12 | 9.21% | ― | -4.07% | -34.26% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | $64.98M | -5.37 | -24.20% | ― | -15.92% | -358.13% | |
54 Neutral | $67.00M | -2.52 | 128.06% | ― | -32.57% | -7.51% | |
46 Neutral | $36.14M | -1.31 | -98.96% | ― | -69.44% | 5.10% | |
41 Neutral | $7.38M | -0.58 | -27.34% | ― | 106.67% | 82.33% | |
40 Underperform | $13.80M | -3.71 | -55.09% | ― | 17.92% | 86.34% |
* General Sector Average
VSNT
Versant Media Group
36.00
-8.72
-19.49%
CNVS
Cineverse
2.78
-4.28
-60.64%
TOON
Kartoon Studios
0.61
-0.13
-17.21%
LVO
LiveOne
4.94
-3.03
-37.99%
DLPN
Dolphin Entertainment
1.06
-0.22
-17.19%
CPOP
Pop Culture Group
0.07
-0.63
-89.93%
Versant Media Group Corporate Events
Business Operations and StrategyM&A Transactions
Versant Media to Acquire Full Swing Interactive Sports
Positive
Jul 6, 2026
On July 6, 2026, Versant Media Group announced a definitive agreement to acquire Full Swing from Bruin Capital and minority investors for approximately $530 million in cash, subject to customary adjustments. The deal is expected to close in the se...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Versant Shareholders Back Board, Auditors and Pay Policies
Positive
Jun 26, 2026
At its June 25, 2026 annual meeting, Versant Media Group shareholders elected ten directors, including Rebecca S. Campbell and Mark Lazarus, to serve until the 2027 meeting, reinforcing continuity in the company’s board leadership. Sharehold...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Versant Media Highlights Strong Q1 Results and Buybacks
Positive
May 14, 2026
On May 14, 2026, Versant Media Group reported first-quarter 2026 results showing revenue of $1.69 billion, net income of $286 million, and adjusted EBITDA of $704 million, as its first quarter as an independent company was driven by continued grow...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.