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Versant Media Group
(NASDAQ:VSNT)
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Rating:76Outperform
Price Target:
$35.00
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
Strong balance sheet flexibility
Very low historical leverage and a substantial equity base give Versant financial flexibility to fund content, platforms, and strategic initiatives while absorbing operating volatility. The emergence of debt in 2025 is a watch item, but leverage remains manageable.
Negative Factors
Sustained revenue pressure
Revenue pressure is becoming a sustained operating challenge: total Q2 revenue fell 4% year over year, linear distribution declined 6%, and annual revenue also fell through 2023–2025. This weakens growth visibility and increases reliance on newer businesses.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet flexibility
Very low historical leverage and a substantial equity base give Versant financial flexibility to fund content, platforms, and strategic initiatives while absorbing operating volatility. The emergence of debt in 2025 is a watch item, but leverage remains manageable.
Read all positive factors
Versant Media Group (VSNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.25B
Dividend Yield3.67%
Average Volume (3M)1.71M
Price to Earnings (P/E)5.8
Beta (1Y)0.70
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. Volume1,829,645
30 Day Avg. Volume1,705,594
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 Cap1.57
Enterprise Value/Revenue1.01
Enterprise Value/Gross Profit2.08
Enterprise Value/Ebitda3.05
Forecast
1Y Price Target
$41.80Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)4.06
Revenue Forecast (FY)$6.46B
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:Nov 03, 2026
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 Technical Analysis
Negative
―
Price Trends
36.12
Negative
36.92
Negative
36.25
Negative
Market Momentum
-1.62
Positive
28.00
Positive
44.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VSNT, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 33.05, equal to the 50-day MA of 36.12, and equal to the 200-day MA of 36.25, indicating a bearish trend. The MACD of -1.62 indicates Positive momentum. The RSI at 28.00 is Positive, neither overbought nor oversold. The STOCH value of 44.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VSNT.
Versant Media Group Risk Analysis
Versant Media Group disclosed 36 risk factors in its most recent earnings report. Versant Media Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
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 | $4.25B | 5.79 | 8.27% | 3.67% | -3.61% | -37.40% | |
57 Neutral | $33.86M | 7.37 | 32.16% | ― | -96.27% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | $13.69M | -3.67 | -46.05% | ― | 12.55% | 86.16% | |
46 Neutral | $45.40M | -3.26 | -27.24% | ― | 6.28% | -410.92% | |
45 Neutral | $37.02M | -1.53 | 114.87% | ― | -23.12% | 13.43% | |
42 Neutral | $4.85M | -0.03 | -23.07% | ― | 106.67% | 82.33% |
* General Sector Average
VSNT
Versant Media Group
30.60
-13.59
-30.75%
CNVS
Cineverse
1.85
-1.36
-42.37%
TOON
Kartoon Studios
0.55
-0.20
-26.27%
LVO
LiveOne
2.59
-1.61
-38.33%
DLPN
Dolphin Entertainment
0.97
-0.42
-30.43%
CPOP
Pop Culture Group
2.97
-108.20
-97.33%
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...
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.