Quarterly ResultMay 14, 2026, 07:07 AM
Versant Media Q1 Revenue $1.69B, Net Income $286M; $100M ASR Planned
AI Summary
Versant Media Group reported Q1 2026 financial results with revenue of $1.69 billion, a 1.1% decrease year-over-year, and net income of $286 million, down 22.1%. Despite revenue declines in linear distribution and advertising, the company's Platforms business grew by 9.5%. Versant also announced a planned $100 million accelerated share repurchase transaction and declared a second quarterly cash dividend of $0.375 per share, demonstrating a continued focus on returning capital to shareholders.
Key Highlights
- Q1 2026 Revenue decreased 1.1% to $1.69 billion.
- Net Income attributable to Versant fell 22.1% to $286 million.
- Adjusted EBITDA was $704 million, a 7.0% decrease, but Standalone Adjusted EBITDA increased 4.8%.
- Platforms revenue grew 9.5% to $192 million, driven by Fandango and GolfNow.
- Content licensing and other revenue surged 113.5% to $121 million.
- Repurchased $100 million Class A shares and declared a $0.375 per share quarterly dividend.
- Announced a planned $100 million accelerated share repurchase transaction.
- Acquired StockStory, an AI-driven financial insights platform, and rebranded INDY Cinema to Fandango1.