Earnings ·
Versant Media Group reported second quarter 2026 results with total revenue of $1.64 billion, a 3.8% decline from the…
VSNTVVersant Media Group, Inc.
Versant Media Group reported second quarter 2026 results with total revenue of $1.64 billion, a 3.8% decline from the prior year period, driven by lower linear distribution and advertising revenues. Net income attributable to Versant was $211 million, down 30.1%, while Adjusted EBITDA decreased 8.9% to $624 million. The company raised its full-year 2026 Total Revenue outlook to $6.2–$6.45 billion and Adjusted EBITDA outlook to $1.9–$2.05 billion, maintaining Free Cash Flow guidance of $1.0–$1.2 billion. Versant declared a third quarterly cash dividend of $0.375 per share, payable October 22, 2026, to shareholders of record on October 1, 2026. Additionally, the company completed a $100 million accelerated share repurchase transaction and announced plans for an additional $100 million ASR in the third quarter. Versant Media Group operates as a media and entertainment business providing news, sports, and entertainment content through television networks and digital platforms.