| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.6K | 2.5% | 3.8% |
| Total Income | 1.6K | 2.5% | 3.8% |
| Expenditure | 1.3K | 2.6% | 1.6% |
| PBT | 323.00 | 18.8% | 21.0% |
| Net Profit | 211.00 | 26.2% | 30.1% |
| OPM | 22.32% | 3.88pp | 1.68pp |
| NPM | 12.84% | 4.12pp | 4.85pp |
| EPS | 1.50 | 24.6% | 28.2% |
Versant Media Reports Q2 2026 Results
06 Aug 2026 · 6 Aug, 4:56 pm
Summary
Versant Media Group reported second quarter 2026 revenue of $1.64 billion, a decrease of 3.8% year-over-year, and net income attributable to Versant of $211 million, down 30.1%. Adjusted EBITDA was $624 million, an 8.9% decrease compared to the prior year quarter. Management highlighted the strength and durability of Versant's brands and continued execution of its growth strategy, including recent acquisitions and expanded content offerings. The company also announced its third quarterly cash dividend and plans for further share repurchases, signaling confidence in its financial outlook.
Key Highlights
- 1
Versant Media reported revenue of $1.64 billion for the second quarter of 2026.
- 2
Net income attributable to Versant was $211 million for the second quarter of 2026.
- 3
Adjusted EBITDA was $624 million for the second quarter of 2026.
- 4
The company declared its third quarterly cash dividend of $0.375 per share.
- 5
Versant completed a $100 million accelerated share repurchase transaction in the second quarter and announced plans for an additional $100 million ASR in the third quarter of 2026.
- 6
Total revenue for the second quarter of 2026 declined 3.8% compared to the same period in 2025, while net income attributable to Versant decreased by 30.1%.
Management Comments
Mark Lazarus
Versant's brands once again demonstrated strength, durability and scale, reaching more than 120 million viewers each month during the quarter while reinforcing our leadership across news, sports and entertainment. That performance was reflected in the recent multi-year renewals with two large distribution partners, one in the U.S. and one in Canada. At the same time, we continued executing our strategy by investing in opportunities that will drive the next phase of our growth. Following the second quarter, we completed the Full Swing acquisition, added the Bundesliga to our premium sports portfolio, expanded Fandango into a broader consumer entertainment platform, and advanced our direct-to-consumer initiatives at CNBC and MS NOW. Together, we believe these initiatives build on the foundation of our portfolio, deepen consumer engagement, and position Versant for long-term growth.
Anand Kini
I'm proud of our performance in the second quarter and the disciplined execution across the business. Our results highlight the strength of our operating model, continued growth across Platforms and meaningful cash flow generation. We continue to invest in our strategic priorities with a balanced approach to capital allocation. In the second quarter, we repurchased $100 million of stock, and today we announced that we expect to enter into an additional $100 million accelerated share repurchase agreement and declared our third quarterly cash dividend of $0.375 per share, reflecting our confidence in the business and financial outlook.
Informational and educational content only. Not investment advice.