Earnings ·
Reports Q3 revenue of $1.59B, declares $0.375 quarterly dividend
VSNTVersant Media Group, Inc.
Versant Media Group reported third-quarter 2026 total revenue of $1.59 billion, a decline of 4.2% from the prior year period. Net income attributable to Versant was $47 million, down from $80 million in the same quarter last year, while Adjusted EBITDA fell 20.9% to $353 million. The company declared a fourth quarterly cash dividend of $0.375 per share, payable on January 25, 2027, to shareholders of record as of January 4, 2027. Additionally, Versant completed a $100 million accelerated share repurchase transaction and announced an additional planned $100 million ASR for the fourth quarter. The company reaffirmed its full-year revenue outlook of $6.2 billion to $6.45 billion and Adjusted EBITDA guidance of $1.90 billion to $2.05 billion, while raising its free cash flow forecast to exceed $1.2 billion. Versant Media Group operates a portfolio of media and entertainment brands including CNBC, MS NOW, USA Network, and Golf Channel.