Quarterly ResultAug 6, 2026, 07:27 AM
Versant Q2 Revenue $1.64B, Net Income $211M; Raises FY Outlook
AI Summary
Versant Media Group reported Q2 2026 financial results with revenue of $1.64 billion, down 3.8% year-over-year, and net income of $211 million, a 30.1% decrease. Despite the declines, the company raised its full-year 2026 outlook for both total revenue and Adjusted EBITDA, while maintaining its Free Cash Flow outlook. Versant also declared a quarterly dividend of $0.375 per share, completed a $100 million accelerated share repurchase, and announced plans for another $100 million ASR in Q3 2026, reflecting confidence in its business and financial outlook. Strategic initiatives included the Full Swing acquisition and adding Bundesliga to its sports portfolio.
Key Highlights
- Q2 2026 Revenue was $1.64 billion, a 3.8% decrease from Q2 2025.
- Net Income Attributable to Versant was $211 million, a 30.1% decrease from Q2 2025.
- Adjusted EBITDA was $624 million, an 8.9% decrease from Q2 2025, but up 3.0% on a standalone basis.
- Full-year 2026 Total Revenue outlook raised to $6.2 billion to $6.45 billion.
- Full-year 2026 Adjusted EBITDA outlook raised to $1.9 billion to $2.05 billion.
- Declared a quarterly cash dividend of $0.375 per share.
- Completed a $100 million accelerated share repurchase (ASR) and announced an additional $100 million ASR for Q3 2026.
- Completed the Full Swing acquisition and added Bundesliga to its sports portfolio.
Price Impact
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