Versant Media Group, Inc. (VSNT)
NASDAQ:VSNT
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Versant Media Group
(NASDAQ:VSNT)
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Rating:76Outperform
Price Target:
$45.00
Action:Reiterated
Date:05/14/26
The score is driven primarily by strong financial quality (balance sheet strength and dependable cash generation) and supportive valuation (low P/E). Technicals are constructive but not strongly momentum-driven, while the earnings call reinforces profitability/cash flow and guidance confidence despite ongoing top-line pressure in linear and advertising and expected cost/FCF variability.
Positive Factors
Balance Sheet Strength
Versant's large equity base and near-zero historical debt provide durable financial flexibility. Even with debt appearing in 2025, the conservative capital structure supports sustained investment in platforms, M&A and shareholder returns while cushioning cyclical ad and distribution pressures.
Negative Factors
Weakening Revenue Trend
Versant has experienced multi-year top-line deterioration, with 2023–2025 declines and Q1 down year-over-year. Persistent revenue erosion from core businesses constrains organic growth, increases reliance on new initiatives and raises execution risk for sustaining margins long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Versant's large equity base and near-zero historical debt provide durable financial flexibility. Even with debt appearing in 2025, the conservative capital structure supports sustained investment in platforms, M&A and shareholder returns while cushioning cyclical ad and distribution pressures.
Read all positive factors
Versant Media Group (VSNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.72B
Dividend YieldN/A
Average Volume (3M)1.80M
Price to Earnings (P/E)6.9
Beta (1Y)0.43
Revenue Growth-4.07%
EPS Growth-34.26%
CountryUS
Employees4,400
SectorTechnology
Sector Strength88
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)5.87
Shares Outstanding141,120,240
10 Day Avg. Volume1,536,625
30 Day Avg. Volume1,799,448
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 Cap1.37
Enterprise Value/Revenue1.18
Enterprise Value/Gross Profit2.88
Enterprise Value/Ebitda3.55
Forecast
1Y Price Target
$40.20Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)4.21
Revenue Forecast (FY)$6.40B
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:Mar 09, 2027
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 | 2.73B | 2.74B | 3.99B | 4.29B |
| EBITDA | 2.21B | 2.25B | 2.67B | 3.06B |
| Net Income | 848.00M | 930.00M | 1.09B | 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $5.72B | 6.91 | 9.21% | ― | -4.07% | -34.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $60.05M | -5.88 | -24.20% | ― | -23.64% | 43.97% | |
50 Neutral | $84.33M | -3.04 | 128.06% | ― | -38.49% | -61.52% | |
47 Neutral | $66.24M | -2.88 | -98.96% | ― | -69.44% | 5.10% | |
43 Neutral | $15.98M | -0.48 | -27.34% | ― | 106.67% | 82.33% | |
40 Underperform | $14.71M | -4.04 | -55.09% | ― | 17.92% | 86.34% |
* Technology Sector Average
VSNT
Versant Media Group
40.53
-4.66
-10.31%
CNVS
Cineverse
2.82
-1.12
-28.43%
TOON
Kartoon Studios
1.12
0.36
47.37%
LVO
LiveOne
6.26
-2.38
-27.55%
DLPN
Dolphin Entertainment
1.13
0.00
0.00%
CPOP
Pop Culture Group
0.20
-0.36
-64.67%
Versant Media Group Corporate Events
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.
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