Versant Media Group
Runs news, entertainment, golf, and sports media brands across networks and digital platforms.
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Profile
Combines cable networks including CNBC, MS NOW, and USA Network with digital businesses such as Fandango and GolfNow. Operates independently after a Comcast spin-off, with advertising sales and other transition arrangements still linking the businesses.
Operates a standalone portfolio of cable networks and digital media businesses across political and business news, golf and athletics participation, sports, and genre entertainment.
Network brands include CNBC, MS NOW, USA Network, Golf Channel, Oxygen, E!, and SYFY. Digital businesses such as Fandango, Rotten Tomatoes, GolfNow, and GolfPass extend the portfolio into movie discovery and golf services. The mix combines news, entertainment, and consumer-facing platforms inherited from Comcast.
Began independent operations after the Comcast separation in 2026. Post-separation relationships remain governed by transition, tax, intellectual-property, and commercial agreements, including a temporary arrangement for NBCUniversal to sell domestic linear and related digital advertising inventory.
Company facts
Categories
Key statistics
Year to date −12.0% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| May 18, 2026 | Seaport Global | Target | $46 | |
| May 14, 2026 | Goldman Sachs | Target | $34 | $42 |
| Jan 27, 2026 | Goldman Sachs | Target | $34 | |
| Jan 13, 2026 | Wolfe Research | Target | $52 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.35 | $1.49 | +10.4% | $1.62B | $1.64B | +1.6% | +6.79% |
| May 14, 2026Q1 FY26 | $1.58 | $1.99 | +25.9% | $1.62B | $1.69B | +4.0% | −3.26% |
| Mar 3, 2026Q4 FY25 | $1.69 | $1.99 | +17.8% | $1.56B | $1.61B | +3.2% | +5.91% |
Financial highlights
| 7 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.71B | $1.66B | $1.61B | $1.69B | $1.64B | |
| Gross profit | $1.05B | $1.01B | $535.0M | $634.0M | $1.05B | $994.0M | |
| Operating income | $500.0M | $409.0M | $190.0M | $270.0M | $442.0M | $367.0M | |
| Net income | $367.0M | $302.0M | $80.0M | $180.0M | $286.0M | $211.0M | |
| Diluted EPS | $2.54 | $2.09 | $0.55 | $1.25 | $1.99 | $1.49 | |
| Gross margin | 61.7% | 59.0% | 32.2% | 39.4% | 62.2% | 60.5% | |
| Operating margin | 29.3% | 23.9% | 11.4% | 16.8% | 26.2% | 22.3% |
Fiscal years (4-quarter sums)FY25 $6.69B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.48B · Total debt $2.95B · Total assets $12.74B · Shareholders' equity $8.11B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Jul 22 | $0.375 | |
| Apr 1, 2026 | Apr 1 | Apr 22 | $0.375 |
Ownership
Shares outstanding 141.50M · Float 140.14M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 18.09M | 12.78% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 8.46M | 5.98% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 6.38M | 4.51% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 6.00M | 4.24% | 13F | Aug 14, 2026 |
| State Street Corp | 4.75M | 3.36% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 10, 2026 | Leonard Potter | director | +3,000 | $37.31 |
| Mar 11, 2026 | Leonard Potter | director | +3,000 | $38.34 |
| Mar 12, 2026 | Leonard Potter | director | +5,000 | $37.88 |
| Mar 13, 2026 | Leonard Potter | director | +2,500 | $37.65 |
| Mar 9, 2026 | Gerald L. Hassell | director | +10,000 | $36.07 |
Peers
- Fox Class B
Direct rivalry across cable news, business news, and live sports
- Warner Bros. Discovery
Broad overlap in news, cable entertainment, sports, and streaming
- Paramount Skydance
Competes across cable brands, news, sports, and ad-supported video
- Walt Disney
Major rival for sports rights, entertainment audiences, and ad budgets
- AMC Networks
Focused overlap in genre cable networks and targeted streaming
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Versant Media Group | $41.02 | −0.07% | $5.80B | 7.8 | 9.0 | 0.9 | — |
| Fox Class B | $61.32 | 0.00% | $26.89B | 16.1 | 10.4 | 1.6 | +28.1% |
| Warner Bros. Discovery | $28.79 | +0.05% | $72.13B | — | — | 2.0 | −11.2% |
| Paramount Skydance | $10.88 | +0.09% | $11.83B | — | 13.7 | 0.4 | +0.9% |
| Walt Disney | $108.09 | −0.01% | $187.72B | 22.3 | 14.6 | 1.9 | +7.1% |
| AMC Networks | $12.66 | −0.12% | $410.7M | — | 3.0 | 0.2 | −8.8% |
| Median | 19.2 | 12.0 | 1.6 | +0.9% |