| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.7K | 1.1% |
| Total Income | 1.7K | 1.1% |
| Expenditure | 1.2K | 3.1% |
| PBT | 398.00 | 20.2% |
| Net Profit | 286.00 | 22.1% |
| OPM | 26.20% | 3.05pp |
| NPM | 16.95% | 4.56pp |
| EPS | 1.99 | 22.0% |
Versant Media Reports Q1 2026 Revenue of $1.69 Billion
14 May 2026 · 14 May, 4:37 pm
Summary
Versant Media Group, Inc. reported its operating and financial results for the first quarter of 2026. The company's total revenue was $1.69 billion, a decrease of 1.1% compared to the same period in 2025. Net income attributable to Versant was $286 million, a decrease of 22.1% year-over-year. Adjusted EBITDA was $704 million, a decrease of 7.0% compared to the prior year quarter. The company announced a planned $100 million accelerated share repurchase transaction.
Key Highlights
- 1
Versant Media Group reported first quarter revenue of $1.69 billion.
- 2
Net income attributable to Versant was $286 million for the first quarter.
- 3
Adjusted EBITDA for the first quarter was $704 million.
- 4
The company repurchased $100 million of Class A shares under its $1 billion repurchase authorization.
- 5
A second quarterly cash dividend of $0.375 per share was declared.
- 6
Platforms revenue increased by 9.5% in the first quarter, driven by higher revenue at Fandango and GolfNow.
- 7
Content licensing and other revenue increased by 113.5% due to the timing of content licensing agreements.
Management Comments
Mark Lazarus
“Our first quarter as an independent company marks an important milestone for Versant and reflects a solid start to the year,” said Mark Lazarus, Chief Executive Officer. “From day one, our teams have operated with urgency and delivered strong financial results, exceptional audience engagement, and impressive momentum in our Platforms business. We are executing our strategy by extending the reach of our brands, deepening our connection with audiences, and scaling our digital platforms. This performance across Platforms and our core brands reinforces our confidence in evolving the business over time and delivering long-term shareholder value.” Lazarus said.
Anand Kini
“Our first quarter results demonstrate the durability of our operating model, with robust profitability and Free Cash Flow generation,” said Anand Kini, Chief Financial Officer and Chief Operating Officer. “We are driving growth in our Platforms while maintaining a sharp focus on efficiency. Consistent with our disciplined capital allocation framework, we returned $100 million to shareholders during the quarter through share repurchases under our existing authorization and today declared our second quarterly cash dividend of $0.375 per share. This morning we also announced a planned $100 million accelerated share repurchase transaction, further underscoring our focus on returning capital to shareholders, while maintaining a strong balance sheet and investing to evolve our business.”
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