Quarterly ResultAug 6, 2026, 04:16 PM
Versant Q2 Revenue $1.64B, Net Income $211M; EPS $1.49
AI Summary
Versant Media Group reported Q2 2026 revenue of $1.64 billion and net income of $211 million, with diluted EPS of $1.49, showing declines compared to Q2 2025. The company completed its separation from Comcast in January 2026, which involved issuing $3.0 billion in new debt and a $2.25 billion payment to Comcast. Post-separation, Versant engaged in capital management activities including $200 million in share repurchases and dividend declarations, alongside strategic acquisitions and a divestiture.
Key Highlights
- Q2 2026 Revenue was $1.64 billion, down from $1.71 billion in Q2 2025.
- Q2 2026 Net income attributable to Versant was $211 million, down from $302 million in Q2 2025.
- Q2 2026 Diluted EPS was $1.49, compared to $2.09 in Q2 2025.
- Completed separation from Comcast on January 2, 2026, issuing $3.0 billion in new debt.
- Paid $2.25 billion to Comcast in connection with the separation.
- Repurchased $200 million of common stock, including a $100 million ASR program, in H1 2026.
- Declared Q1, Q2, and Q3 dividends of $0.375 per share.
- Acquired businesses for $215 million and divested SportsEngine for $143 million in H1 2026.
Price Impact
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