VSNT
Versant Media Group, Inc.
Next earnings ≈ Aug 13, 2026 · est. from filing cadence
Last earnings +9.9% on 2026-05-14
$37.95
▲ +4.37%$37.95▼ -15.13%
over 1Y
L $26.86H $46.48
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.4%
1W+7.0%
1M-7.6%
3M+2.5%
YTD-17.0%
1Y-15.1%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 13 analysts
Hold
Newly spun-off cable-network cash cow (CNBC, MSNBC, golf) — strong free cash flow but a structurally declining linear-TV core.
Revenue $6.69B · FY2025
Versant Media is the cable-networks business (political/business news, golf/athletics, genre entertainment — including CNBC, MSNBC, GolfNow, Fandango, SportsEngine) spun out of Comcast on January 2, 2026, now trading on Nasdaq. The franchise still throws off enormous cash: FY2025 operating cash flow was $2.02B and Adjusted EBITDA $2.42B on $6.69B of revenue, with a 19.0% operating margin. As a standalone, it is the classic 'managed decline' media asset — highly profitable today, but with a shrinking core.
The secular pressures are unmistakable in the MD&A. Total revenue fell 5.3% to $6.69B and net income dropped 31.8% to $930M. The two largest segments are eroding: linear distribution revenue of $4,092M fell 5.4% on an 8% subscriber decline (partly offset by rate increases), and advertising of $1,577M dropped 8.9% as network ratings fell 17%. Only the smaller Platforms segment ($826M) grew, up 3.9%. Management explicitly expects continued subscriber, linear-distribution, and ratings declines. SG&A also jumped 25.9% as standalone-company costs ramp.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:58 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $7.45B | $7.06B | $6.69B |
| Gross profit | — | — | — |
| Operating income | $2.07B | $1.84B | $1.27B |
| Net income | $1.54B | $1.36B | $930M |
| Diluted EPS | — | — | — |
| Net margin | 20.7% | 19.3% | 13.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.30B
EV / EBITDA—
EV / Sales0.9
EV / FCF3.4
P / FCF2.9
PEG (trailing)—
Earnings yield17.3%
FCF yield34.5%
Quality & risk
ROIC (est.)8.9%
Free cash flow$1.85B
Total debt$983M
Net cash-$928M
Piotroski F-Score4/7
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-262026-06-29open ↗4Period ending 2026-06-262026-06-29open ↗4Period ending 2026-06-262026-06-29open ↗4Period ending 2026-06-262026-06-29open ↗4Period ending 2026-06-262026-06-29open ↗4Period ending 2026-06-262026-06-29open ↗4Period ending 2026-06-262026-06-29open ↗4Period ending 2026-06-262026-06-29open ↗4Period ending 2026-06-262026-06-29open ↗8-KPeriod ending 2026-06-252026-06-26open ↗DEFA14AFiling2026-06-11open ↗10-QPeriod ending 2026-03-312026-05-14open ↗
Frequently asked
- Is Versant Media Group, Inc. (VSNT) a buy?
- VSNT currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Newly spun-off cable-network cash cow (CNBC, MSNBC, golf) — strong free cash flow but a structurally declining linear-TV core.
- What is Versant Media Group, Inc.'s quality score?
- VSNT scores 69.25490196078431/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0002067876, latest 10-Q filed 2026-05-14) · EODHD · Proprietary analysis · as of 6/21/2026, 8:58:58 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.