Versant Media Group, Inc. (VSNT)
NASDAQ:VSNT
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Versant Media Group
(NASDAQ:VSNT)
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Rating:73Outperform
Price Target:
$43.00
Action:ReiteratedDate:03/03/26
The score is driven primarily by strong financial quality (cash flow consistency and balance sheet flexibility) and an inexpensive valuation (low P/E). This is partially offset by contracting revenue/profit trends and mixed-to-weak technical momentum, while the earnings call supports a moderate outlook given solid strategic progress and shareholder returns but continued near-term top-line and advertising pressure.
Positive Factors
Balance Sheet Strength
High equity relative to assets and historically no debt give durable financial flexibility. This reduces refinancing and solvency risk, enables opportunistic M&A or platform investment, and supports capital returns during cyclical ad downturns without eroding liquidity or strategic optionality.
Negative Factors
Revenue Declines
Multi-year revenue weakness signals enduring demand and pricing pressure in core segments. Persistent top-line declines can compress scale economics, limit reinvestment capacity and make it harder to offset legacy revenue shrinkage even as digital platforms grow.
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Positive Factors
Negative Factors
Balance Sheet Strength
High equity relative to assets and historically no debt give durable financial flexibility. This reduces refinancing and solvency risk, enables opportunistic M&A or platform investment, and supports capital returns during cyclical ad downturns without eroding liquidity or strategic optionality.
Read all positive factors
Versant Media Group (VSNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.57B
Dividend YieldN/A
Average Volume (3M)2.28M
Price to Earnings (P/E)7.0
Beta (1Y)0.14
Revenue Growth-5.30%
EPS Growth-31.81%
CountryUS
Employees4,400
SectorTechnology
Sector Strength88
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)1.63
Shares Outstanding143,790,850
10 Day Avg. Volume1,946,535
30 Day Avg. Volume2,283,555
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)0.63
Price to Sales (P/S)0.97
P/FCF Ratio3.51
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue2.04
Enterprise Value/Gross Profit7.21
Enterprise Value/Ebitda6.58
Forecast
1Y Price Target
$37.33Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)5.42
Revenue Forecast (FY)$6.37B
Versant Media Group Business Overview & Revenue Model
Company Description
Versant Media Group, Inc. operates as an industry media and entertainment business that operates in four core markets: political news and opinion, business news and personal finance, golf and athletics participation and sports and genre entertainm...
Versant Media Group Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2025)
| Next Earnings Date:May 14, 2026
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.Positive Updates
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.
Negative Updates
Top-line Declines
Total stand-alone revenue declined ~5% year-over-year to ~$6.7 billion in 2025, with Q4 revenue down ~7% year-over-year to $1.6 billion, driven by secular pay-TV pressure and advertising normalization after the 2024 election cycle.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
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).Versant Media Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 6.69B | 7.06B | 7.44B |
| Gross Profit | 2.74B | 3.99B | 4.29B |
| EBITDA | 2.42B | 2.67B | 3.06B |
| Net Income | 930.00M | 1.09B | 1.54B |
Balance Sheet | |||
| Total Assets | 12.33B | 12.05B | 13.10B |
| Cash, Cash Equivalents and Short-Term Investments | 55.00M | 8.00M | 23.00M |
| Total Debt | 983.00M | 0.00 | 0.00 |
| Total Liabilities | 1.93B | 1.13B | 1.42B |
| Stockholders Equity | 10.29B | 10.80B | 11.56B |
Cash Flow | |||
| Free Cash Flow | 1.85B | 2.16B | 2.37B |
| Operating Cash Flow | 2.02B | 2.21B | 2.43B |
| Investing Cash Flow | -155.00M | -71.00M | -60.00M |
| Financing Cash Flow | -782.00M | -2.15B | -2.35B |
Versant Media Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $5.57B | 6.99 | 9.69% | ― | -5.30% | -31.81% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $50.89M | -10.97 | -24.20% | ― | -23.64% | 43.97% | |
52 Neutral | $16.83M | 4.14 | -55.09% | ― | 9.70% | 85.63% | |
51 Neutral | $39.15M | -1.71 | -92.72% | ― | 21.83% | 8.47% | |
50 Neutral | $59.17M | -3.34 | 128.06% | ― | -38.49% | -61.52% |
* Technology Sector Average
VSNT
Versant Media Group
39.90
-5.29
-11.70%
CNVS
Cineverse
2.48
-0.50
-16.78%
TOON
Kartoon Studios
0.66
0.11
20.51%
LVO
LiveOne
5.84
-1.70
-22.52%
DLPN
Dolphin Entertainment
1.40
0.31
28.44%
CPOP
Pop Culture Group
0.33
-0.24
-42.31%
Versant Media Group Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Versant Media Group Posts Lower 2025 Results, Boosts Returns
Neutral
Mar 3, 2026
On March 3, 2026, Versant Media Group reported its full-year 2025 results, posting $6.69 billion in revenue, $930 million in net income and $2.42 billion in Adjusted EBITDA, all declining versus 2024 amid lower linear distribution, advertising and...
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.
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