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    VSNT

    Versant Media Group, Inc.

    Company overview

    Market capitalization
    $4.52B
    Employees
    4,400
    Latest publication
    2026-09-29
    About Versant Media Group, Inc.

    Versant Media Group, Inc. engages in the media and entertainment business in the United States. It produces, licenses, and acquires content that is distributed through various outlets, including networks and digital platforms. The company delivers news, sports and entertainment content through its portfolio of brands, which includes MS NOW, CNBC, USA Network, Golf Channel, GolfNow, SportsEngine, E!, SYFY, Oxygen True Crime, Fandango, and Free TV Networks. The company serves political news and opinion, business news and personal finance, golf and athletics participation, and sports and genre entertainment markets through television networks and digital platforms. The company was incorporated in 2025 and is based in New York, New York. Versant Media Group, Inc. was formerly a subsidiary of Comcast Corporation.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ2 20242024-06-30 · USD
    Total Revenue1,644,000,000USD1,687,000,000USD1,610,000,000USD1,663,000,000USD1,708,000,000USD1,707,000,000USD1,808,000,000USD
    Cost Of Revenue650,000,000USD894,000,000USD976,000,000USD1,128,000,000USD944,000,000USD899,000,000USD747,000,000USD
    Gross Profit994,000,000USD793,000,000USD634,000,000USD535,000,000USD764,000,000USD808,000,000USD1,061,000,000USD
    Selling General Administrative369,000,000USD351,000,000USD——355,000,000USD307,000,000USD313,000,000USD
    Total Operating Expenses627,000,000USD351,000,000USD364,000,000USD345,000,000USD323,000,000USD295,000,000USD559,000,000USD
    Operating Income367,000,000USD442,000,000USD270,000,000USD190,000,000USD441,000,000USD513,000,000USD502,000,000USD
    Total Other Income Expense Net-44,000,000USD-44,000,000USD-75,000,000USD-66,000,000USD-32,000,000USD-14,000,000USD1,000,000USD
    Interest Expense52,000,000USD52,000,000USD13,000,000USD——0USD—
    Income Before Tax323,000,000USD398,000,000USD195,000,000USD124,000,000USD409,000,000USD499,000,000USD503,000,000USD
    Income Tax Expense112,000,000USD112,000,000USD14,000,000USD45,000,000USD106,000,000USD132,000,000USD131,000,000USD
    Net Income211,000,000USD286,000,000USD180,000,000USD80,000,000USD302,000,000USD367,000,000USD373,000,000USD
    Minority Interest0USD0USD——-1,000,000USD0USD1,000,000USD
    Net Interest Income—-52,000,000USD———0USD—
    Tax Provision—112,000,000USD——106,000,000USD132,000,000USD131,000,000USD
    Net Income From Continuing Ops—286,000,000USD——303,000,000USD367,000,000USD372,000,000USD
    Ebit—442,000,000USD270,000,000USD190,000,000USD441,000,000USD513,000,000USD503,000,000USD
    Ebitda—698,000,000USD536,000,000USD445,000,000USD685,000,000USD758,000,000USD748,000,000USD
    Depreciation And Amortization—256,000,000USD266,000,000USD255,000,000USD244,000,000USD245,000,000USD245,000,000USD
    Reconciled Depreciation—256,000,000USD——244,000,000USD245,000,000USD245,000,000USD
    Unclassified Operating Expenses——364,000,000USD345,000,000USD-32,000,000USD-12,000,000USD246,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Revenue6,688,000,000USD7,062,000,000USD7,444,000,000USD7,834,000,000USD
    Cost Of Revenue3,947,000,000USD3,069,000,000USD3,154,000,000USD3,161,000,000USD
    Gross Profit2,741,000,000USD3,993,000,000USD4,290,000,000USD4,673,000,000USD
    Selling General Administrative1,469,000,000USD1,323,000,000USD1,231,000,000USD1,271,000,000USD
    Unclassified Operating Expenses-142,000,000USD1,007,000,000USD990,000,000USD992,000,000USD
    Total Operating Expenses1,327,000,000USD2,330,000,000USD2,221,000,000USD2,263,000,000USD
    Operating Income1,414,000,000USD1,663,000,000USD2,069,000,000USD2,410,000,000USD
    Interest Expense13,000,000USD193,000,000USD0USD—
    Net Interest Income-13,000,000USD-193,000,000USD0USD—
    Income Before Tax1,228,000,000USD1,472,000,000USD2,069,000,000USD2,349,000,000USD
    Income Tax Expense297,000,000USD383,000,000USD530,000,000USD591,000,000USD
    Tax Provision297,000,000USD383,000,000USD530,000,000USD591,000,000USD
    Net Income930,000,000USD1,087,000,000USD1,539,000,000USD1,764,000,000USD
    Net Income From Continuing Ops931,000,000USD1,089,000,000USD1,539,000,000USD1,758,000,000USD
    Ebit1,414,000,000USD1,665,000,000USD2,068,000,000USD2,410,000,000USD
    Ebitda2,424,000,000USD2,672,000,000USD3,059,000,000USD3,402,000,000USD
    Depreciation And Amortization1,010,000,000USD1,007,000,000USD991,000,000USD992,000,000USD
    Reconciled Depreciation1,010,000,000USD989,000,000USD991,000,000USD992,000,000USD
    Total Other Income Expense Net-186,000,000USD-191,000,000USD—-61,000,000USD
    Minority Interest-1,000,000USD-2,000,000USD0USD6,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ2 20242024-06-30 · USD
    Total Assets12,740,000,000USD12,506,000,000USD12,333,000,000USD11,310,000,000USD12,282,000,000USD——
    Cash And Equivalents1,478,000,000USD——————
    Long Term Investments248,000,000USD241,000,000USD——254,000,000USD——
    Total Current Assets2,937,000,000USD2,650,000,000USD2,502,000,000USD1,299,000,000USD1,857,000,000USD——
    Other Current Assets133,000,000USD264,000,000USD1,296,000,000USD49,000,000USD92,000,000USD——
    Other Non Current Assets224,000,000USD——————
    Total Liabilities4,516,000,000USD——————
    Total Current Liabilities1,234,000,000USD1,140,000,000USD622,000,000USD596,000,000USD643,000,000USD——
    Other Current Liabilities425,000,000USD——————
    Other Non Current Liabilities263,000,000USD——————
    Total Stockholder Equity8,114,000,000USD8,034,000,000USD10,292,000,000USD10,170,000,000USD8,327,000,000USD——
    Total Equity Including Noncontrolling Interest8,224,000,000USD——————
    Short Long Term Debt226,000,000USD83,000,000USD—————
    Long Term Debt2,841,000,000USD2,869,000,000USD——2,750,000,000USD——
    Deferred Revenue83,000,000USD——————
    Net Receivables1,326,000,000USD1,193,000,000USD1,151,000,000USD1,194,000,000USD1,265,000,000USD——
    Property Plant Equipment Net441,000,000USD424,000,000USD423,000,000USD228,000,000USD411,000,000USD——
    Goodwill7,804,000,000USD——————
    Accounts Payable268,000,000USD283,000,000USD151,000,000USD98,000,000USD89,000,000USD——
    Retained Earnings388,000,000USD231,000,000USD—————
    Accumulated Other Comprehensive Income1,000,000USD-4,000,000USD-7,000,000USD10,170,000,000USD-5,000,000USD——
    Intangible Assets—713,000,000USD924,000,000USD1,170,000,000USD1,335,000,000USD——
    Total Liab—4,361,000,000USD1,931,000,000USD1,021,000,000USD3,835,000,000USD——
    Other Current Liab—697,000,000USD308,000,000USD324,000,000USD388,000,000USD——
    Common Stock—1,000,000USD—————
    Capital Stock—1,000,000USD——0USD——
    Good Will—7,707,000,000USD7,611,000,000USD7,732,000,000USD7,732,000,000USD——
    Cash—1,193,000,000USD55,000,000USD56,000,000USD500,000,000USD——
    Cash And Short Term Investments—1,193,000,000USD55,000,000USD56,000,000USD500,000,000USD——
    Current Deferred Revenue—77,000,000USD163,000,000USD174,000,000USD166,000,000USD——
    Net Debt—1,759,000,000USD928,000,000USD-56,000,000USD2,250,000,000USD——
    Short Term Debt—83,000,000USD—————
    Short Long Term Debt Total—2,952,000,000USD983,000,000USD—2,750,000,000USD——
    Property Plant Equipment Gross—1,035,000,000USD——411,000,000USD——
    Common Stock Shares Outstanding—144,523,000shares144,523,000shares144,527,794shares144,527,794shares144,527,794shares144,527,794shares
    Non Current Assets Total—9,856,000,000USD9,831,000,000USD10,011,000,000USD10,425,000,000USD——
    Non Current Liabilities Total—3,221,000,000USD1,309,000,000USD425,000,000USD3,192,000,000USD——
    Non Current Liabilities Other—238,000,000USD——91,000,000USD——
    Non Currrent Assets Other—771,000,000USD659,000,000USD669,000,000USD693,000,000USD——
    Net Working Capital—1,510,000,000USD——1,214,000,000USD——
    Unclassified Current Liabilities—-83,000,000USD—————
    Unclassified Non Current Liabilities—114,000,000USD1,309,000,000USD425,000,000USD351,000,000USD——
    Unclassified Equity—7,805,000,000USD10,299,000,000USD—8,332,000,000USD——
    Unclassified Non Current Assets——214,000,000USD212,000,000USD———
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Assets12,333,000,000USD12,049,000,000USD13,099,000,000USD—
    Intangible Assets924,000,000USD1,868,000,000USD2,796,000,000USD—
    Other Current Assets1,296,000,000USD65,000,000USD53,000,000USD—
    Total Liab1,931,000,000USD1,134,000,000USD1,422,000,000USD—
    Total Stockholder Equity10,292,000,000USD10,797,000,000USD11,560,000,000USD—
    Other Current Liab308,000,000USD353,000,000USD393,000,000USD—
    Good Will7,611,000,000USD7,732,000,000USD7,732,000,000USD—
    Cash55,000,000USD8,000,000USD23,000,000USD—
    Cash And Short Term Investments55,000,000USD8,000,000USD23,000,000USD—
    Total Current Assets2,502,000,000USD1,318,000,000USD1,422,000,000USD—
    Total Current Liabilities622,000,000USD590,000,000USD614,000,000USD—
    Current Deferred Revenue163,000,000USD135,000,000USD116,000,000USD—
    Net Debt928,000,000USD-8,000,000USD-23,000,000USD—
    Short Long Term Debt Total983,000,000USD———
    Long Term Debt983,000,000USD———
    Long Term Investments214,000,000USD254,000,000USD254,000,000USD—
    Net Receivables1,151,000,000USD1,245,000,000USD1,346,000,000USD—
    Accounts Payable151,000,000USD102,000,000USD105,000,000USD—
    Property Plant Equipment Net423,000,000USD143,000,000USD161,000,000USD—
    Property Plant Equipment Gross1,038,000,000USD547,000,000USD601,000,000USD—
    Accumulated Other Comprehensive Income-7,000,000USD-8,000,000USD-8,000,000USD—
    Common Stock Shares Outstanding144,527,000shares144,527,794shares144,527,794shares144,527,794shares
    Non Current Assets Total9,831,000,000USD10,730,000,000USD11,677,000,000USD—
    Non Current Liabilities Total1,309,000,000USD544,000,000USD808,000,000USD—
    Non Current Liabilities Other135,000,000USD116,000,000USD236,000,000USD—
    Non Currrent Assets Other659,000,000USD733,000,000USD734,000,000USD—
    Net Working Capital1,880,000,000USD728,000,000USD808,000,000USD—
    Unclassified Non Current Liabilities191,000,000USD428,000,000USD572,000,000USD—
    Unclassified Equity10,299,000,000USD10,805,000,000USD11,568,000,000USD—
    Other Assets—1,000,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Stock Based Compensation33,000,000USD
    Deferred Income Tax-110,000,000USD
    Change To Liabilities105,000,000USD
    Change In Working Capital105,000,000USD
    Operating Cash Flow967,000,000USD
    Capital Expenditures-59,000,000USD
    Other Investing Activities-199,000,000USD
    Unclassified Investing Cash Flow139,000,000USD
    Investing Cash Flow-119,000,000USD
    Net Debt Issuance1,973,000,000USD
    Net Common Stock Issuance-200,000,000USD
    Common Dividends Paid-53,000,000USD
    Other Financing Activities-2,000,000USD
    Unclassified Financing Cash Flow-2,180,000,000USD
    Financing Cash Flow-462,000,000USD
    Change In Cash386,000,000USD
    End Cash Flow1,478,000,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ2 20242024-06-30 · USD
    Net Income286,000,000USD181,000,000USD80,000,000USD303,000,000USD367,000,000USD373,000,000USD
    Depreciation256,000,000USD266,000,000USD255,000,000USD244,000,000USD245,000,000USD—
    Stock Based Compensation17,000,000USD——11,000,000USD3,000,000USD—
    Other Non Cash Items20,000,000USD8,000,000USD46,000,000USD—2,000,000USD—
    Change To Account Receivables-391,000,000USD——59,000,000USD——
    Change In Working Capital126,000,000USD66,000,000USD79,000,000USD107,000,000USD-102,000,000USD—
    Total Cash From Operating Activities585,000,000USD476,000,000USD433,000,000USD635,000,000USD478,000,000USD—
    Capital Expenditures-27,000,000USD-46,000,000USD-58,000,000USD-42,000,000USD-21,000,000USD0USD
    Free Cash Flow558,000,000USD430,000,000USD375,000,000USD593,000,000USD457,000,000USD—
    Total Cashflows From Investing Activities-172,000,000USD-69,000,000USD-9,000,000USD-54,000,000USD——
    Net Borrowings1,973,000,000USD———0USD—
    Total Cash From Financing Activities-309,000,000USD631,000,000USD-373,000,000USD-582,000,000USD-457,000,000USD—
    Sale Purchase Of Stock-100,000,000USD———0USD—
    Change In Cash104,000,000USD1,033,000,000USD52,000,000USD-1,000,000USD-3,000,000USD—
    Begin Period Cash Flow1,089,000,000USD56,000,000USD4,000,000USD5,000,000USD8,000,000USD—
    End Period Cash Flow1,193,000,000USD1,089,000,000USD56,000,000USD4,000,000USD5,000,000USD8,000,000USD
    Other Cashflows From Investing Activities-145,000,000USD1,000,000USD49,000,000USD-12,000,000USD——
    Other Cashflows From Financing Activities-2,182,000,000USD-355,000,000USD-373,000,000USD-582,000,000USD——
    Unclassified Operating Cash Flow-120,000,000USD-45,000,000USD-27,000,000USD-30,000,000USD-37,000,000USD—
    Unclassified Investing Cash Flow—-24,000,000USD————
    Unclassified Financing Cash Flow—986,000,000USD——-457,000,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Net Income931,000,000USD1,365,000,000USD1,540,000,000USD1,758,000,000USD
    Depreciation1,010,000,000USD989,000,000USD991,000,000USD992,000,000USD
    Stock Based Compensation29,000,000USD16,000,000USD15,000,000USD17,000,000USD
    Other Non Cash Items41,000,000USD—-1,000,000USD60,000,000USD
    Change In Working Capital150,000,000USD-14,000,000USD17,000,000USD-167,000,000USD
    Total Cash From Operating Activities2,022,000,000USD2,211,000,000USD2,428,000,000USD2,509,000,000USD
    Capital Expenditures-167,000,000USD-54,000,000USD-56,000,000USD-65,000,000USD
    Free Cash Flow1,855,000,000USD2,157,000,000USD2,372,000,000USD2,444,000,000USD
    Total Cashflows From Investing Activities-155,000,000USD-71,000,000USD-60,000,000USD-39,000,000USD
    Net Borrowings986,000,000USD0USD0USD—
    Total Cash From Financing Activities-782,000,000USD-2,155,000,000USD-2,355,000,000USD-2,486,000,000USD
    Change In Cash1,084,000,000USD-15,000,000USD12,000,000USD-15,000,000USD
    Begin Period Cash Flow8,000,000USD23,000,000USD11,000,000USD26,000,000USD
    End Period Cash Flow1,092,000,000USD8,000,000USD23,000,000USD11,000,000USD
    Other Cashflows From Investing Activities36,000,000USD-17,000,000USD-4,000,000USD26,000,000USD
    Other Cashflows From Financing Activities-1,768,000,000USD-2,155,000,000USD-2,355,000,000USD-2,486,000,000USD
    Unclassified Operating Cash Flow-139,000,000USD-145,000,000USD-134,000,000USD-151,000,000USD
    Unclassified Investing Cash Flow-24,000,000USD———
    Change To Account Receivables—100,000,000USD41,000,000USD-62,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30ProductAdvertising Services423,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductContent Licensing And Other43,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductLinear Distribution954,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductPlatforms225,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductAdvertising Services368,000,000USD0002067876-26-000027
    Q1 2026Quarterly · 2026-03-31ProductContent Licensing And Other121,000,000USD0002067876-26-000027
    Q1 2026Quarterly · 2026-03-31ProductLinear Distribution1,006,000,000USD0002067876-26-000027
    Q1 2026Quarterly · 2026-03-31ProductPlatforms192,000,000USD0002067876-26-000027
    FY 2025Yearly · 2025-12-31ProductAdvertising Services1,577,000,000USD0002067876-26-000010
    FY 2025Yearly · 2025-12-31ProductContent Licensing And Other193,000,000USD0002067876-26-000010
    FY 2025Yearly · 2025-12-31ProductLinear Distribution4,092,000,000USD0002067876-26-000010
    FY 2025Yearly · 2025-12-31ProductPlatforms826,000,000USD0002067876-26-000010
    Q1 2025Quarterly · 2025-03-31ProductAdvertising Services388,000,000USD0002067876-26-000027
    Q1 2025Quarterly · 2025-03-31ProductContent Licensing And Other57,000,000USD0002067876-26-000027
    Q1 2025Quarterly · 2025-03-31ProductLinear Distribution1,085,000,000USD0002067876-26-000027
    Q1 2025Quarterly · 2025-03-31ProductPlatforms176,000,000USD0002067876-26-000027
    FY 2024Yearly · 2024-12-31ProductAdvertising Services1,731,000,000USD0002067876-26-000010
    FY 2024Yearly · 2024-12-31ProductContent Licensing And Other211,000,000USD0002067876-26-000010
    FY 2024Yearly · 2024-12-31ProductLinear Distribution4,325,000,000USD0002067876-26-000010
    FY 2024Yearly · 2024-12-31ProductPlatforms795,000,000USD0002067876-26-000010
    FY 2023Yearly · 2023-12-31ProductAdvertising Services1,865,000,000USD0002067876-26-000010
    FY 2023Yearly · 2023-12-31ProductContent Licensing And Other213,000,000USD0002067876-26-000010
    FY 2023Yearly · 2023-12-31ProductLinear Distribution4,632,000,000USD0002067876-26-000010
    FY 2023Yearly · 2023-12-31ProductPlatforms734,000,000USD0002067876-26-000010
    Q3 2012Quarterly · 2012-07-31GeographySegment Geographical Asia117,000USD0000865917-12-000043
    Q3 2012Quarterly · 2012-07-31GeographySegment Geographical Europe And Other1,556,000USD0000865917-12-000043
    Q3 2012Quarterly · 2012-07-31GeographySegment Geographical North America1,369,000USD0000865917-12-000043
    Q3 2011Quarterly · 2011-07-31GeographySegment Geographical Asia301,000USD0000865917-12-000043
    Q3 2011Quarterly · 2011-07-31GeographySegment Geographical Europe And Other1,950,000USD0000865917-12-000043
    Q3 2011Quarterly · 2011-07-31GeographySegment Geographical North America1,953,000USD0000865917-12-000043

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.