Versant Media Group, Inc.

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.

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.

Versant Media Group, Inc. announced it has entered into a definitive agreement to acquire Full Swing, a leading sports technology company, for approximately $530 million in cash. Full Swing specializes in interactive sports platforms for golf, baseball, and multi-sport experiences. This acquisition is expected to expand Versant's capabilities in immersive play, training, entertainment, and performance data, particularly within its golf business, and is anticipated to close in the second half of 2026.

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.