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Versant Media Group
(NASDAQ:VSNT)
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Rating:76Outperform
Price Target:
$40.00
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial quality (notably balance sheet strength and dependable cash generation) and attractive valuation (low P/E with a dividend). Offsetting these positives are weakening revenue trends and cautious second-half commentary on rising sports-rights costs/CapEx, alongside soft technical signals with the stock trading below key moving averages.
Positive Factors
Balance sheet strength
Versant’s large equity base and historically zero debt provide durable financial flexibility, allowing the company to absorb cyclical shocks, invest in strategic initiatives and return capital. Even with debt appearing in 2025, the equity cushion supports disciplined capital allocation and resilience over months.
Negative Factors
Revenue decline trend
Revenue has weakened across 2023–2025, driven by secular pay‑TV declines and divestitures. Persistent top‑line contraction reduces operating leverage, constrains reinvestment capacity, and makes earnings and cash‑flow growth harder to sustain absent faster platform monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Versant’s large equity base and historically zero debt provide durable financial flexibility, allowing the company to absorb cyclical shocks, invest in strategic initiatives and return capital. Even with debt appearing in 2025, the equity cushion supports disciplined capital allocation and resilience over months.
Read all positive factors
Versant Media Group (VSNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.46B
Dividend YieldN/A
Average Volume (3M)2.01M
Price to Earnings (P/E)7.4
Beta (1Y)0.67
Revenue Growth-3.61%
EPS Growth-37.40%
CountryUS
Employees4,400
SectorGeneral
Sector StrengthN/A
IndustryEntertainment
Share Statistics
EPS (TTM)5.29
Shares Outstanding138,792,300
10 Day Avg. Volume1,665,635
30 Day Avg. Volume2,006,200
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$42.00Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)4.08
Revenue Forecast (FY)$6.43B
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:Aug 06, 2026
(Q2-2026)
| Next Earnings Date:Mar 09, 2027
Earnings Call Sentiment Positive
The call presented a generally positive picture: the company delivered adjusted EBITDA growth, maintained strong margins and liquidity, raised full-year guidance, and showed clear momentum in platforms, audience engagement and strategic initiatives (Fandango AVOD, Full Swing acquisition, Bundesliga rights, D2C launches). However, revenue was modestly down (–4% Q2) and the company warned of meaningful sports rights and CapEx-driven headwinds in the second half that will likely limit EBITDA and free cash flow growth in Q3/Q4. On balance the upbeat operating progress, guidance uplift, shareholder returns and platform traction outweigh the near-term cost and revenue pressures.Positive Updates
Revenue Guidance Raised
Management raised full-year revenue guidance modestly to a new range of $6.2 billion to $6.45 billion (previously $6.15 billion to $6.4 billion) and raised adjusted EBITDA guidance to $1.9 billion to $2.05 billion (previously $1.85 billion to $2.0 billion), reflecting confidence from strong first-half performance.
Negative Updates
Total Revenue Decline
Total revenue for the quarter was $1.64 billion, down 4% year-over-year (down ~3% excluding the SportsEngine divestiture), indicating continued pressure from secular pay-TV declines.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Guidance Raised
Management raised full-year revenue guidance modestly to a new range of $6.2 billion to $6.45 billion (previously $6.15 billion to $6.4 billion) and raised adjusted EBITDA guidance to $1.9 billion to $2.05 billion (previously $1.85 billion to $2.0 billion), reflecting confidence from strong first-half performance.
Read all positive updates
Company Guidance
Versant raised full‑year revenue guidance to $6.2B–$6.45B (from $6.15B–$6.4B) and adjusted EBITDA to $1.9B–$2.05B (from $1.85B–$2.0B), while maintaining free cash flow guidance of $1.0B–$1.2B; that update was driven by Q2 results of revenue $1.64B (‑4% YoY), adjusted EBITDA $624M (+3%, with margins >30%), and free cash flow $350M, and a cash balance of ~ $1.5B. Management called out revenue components of linear distribution $954M (‑6%), advertising $423M (‑0.6%), platforms $225M (fastest‑growing; +9% ex‑SportsEngine), content licensing $43M (flat), programming & production costs $522M (‑9%), total cost of revenue $650M (‑7%) and SG&A $369M (‑8%). They warned that H2 programming costs and CapEx (NY office) will rise, so Q3/Q4 adjusted EBITDA and H2 free cash flow are expected to be lower than H1 (and Q3/Q4 EBITDA may not grow YoY). Capital allocation actions include $100M repurchased in Q2, $305M returned YTD ($200M buybacks, $105M dividends), a new $100M ASR announced, disciplined M&A (e.g., Full Swing), and a stated leverage “north star” around ~1.25x.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 | 6.60B | 6.69B | 7.06B | 7.44B |
| Gross Profit | 3.21B | 3.75B | 4.00B | 4.29B |
| EBITDA | 2.19B | 2.25B | 2.83B | 3.06B |
| Net Income | 757.00M | 930.00M | 1.36B | 1.54B |
Balance Sheet | ||||
| Total Assets | 12.74B | 12.33B | 12.05B | 13.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.48B | 55.00M | 8.00M | 23.00M |
| Total Debt | 2.95B | 983.00M | 0.00 | 0.00 |
| Total Liabilities | 4.52B | 1.93B | 1.13B | 1.42B |
| Stockholders Equity | 8.11B | 10.29B | 10.80B | 11.56B |
Cash Flow | ||||
| Free Cash Flow | 2.27B | 1.85B | 2.16B | 2.37B |
| Operating Cash Flow | 2.46B | 2.02B | 2.21B | 2.43B |
| Investing Cash Flow | -369.00M | -155.00M | -71.00M | -60.00M |
| Financing Cash Flow | -513.00M | -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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $5.46B | 7.43 | 8.27% | ― | -3.61% | -37.40% | |
57 Neutral | $40.23M | 8.75 | 32.16% | ― | -96.27% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $60.38M | -4.33 | -26.90% | ― | 6.28% | -410.92% | |
48 Neutral | $14.59M | -4.09 | -41.42% | ― | 12.55% | 86.16% | |
43 Neutral | $52.52M | -2.16 | 114.87% | ― | -23.12% | 13.43% | |
42 Neutral | $4.29M | -0.06 | -23.07% | ― | 106.67% | 82.33% |
* General Sector Average
VSNT
Versant Media Group
39.87
-4.85
-10.84%
CNVS
Cineverse
2.47
-2.58
-51.09%
TOON
Kartoon Studios
0.65
-0.10
-13.40%
LVO
LiveOne
3.82
-1.58
-29.26%
DLPN
Dolphin Entertainment
1.17
-0.04
-3.31%
CPOP
Pop Culture Group
0.36
-11.34
-96.97%
Versant Media Group Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Versant Media Reports Strong Q2 Results and Buybacks
Positive
Aug 6, 2026
On August 6, 2026, Versant Media Group reported second-quarter 2026 results, posting revenue of $1.64 billion, net income of $211 million and adjusted EBITDA of $624 million, alongside a third quarterly cash dividend of $0.375 per share. The compa...
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.