Versant Media Q2 2026 Results
Versant Media Group Inc. (NASDAQ: VSNT) posted second‑quarter 2026 adjusted earnings per share of $1.49, surpassing analyst forecasts. Revenue for the quarter was $1.64 billion, a 3.8 % decline year‑over‑year from $1.708 billion; when the divested SportsEngine business is excluded, revenue fell 2.8 %. Linear distribution revenue dropped 6.3 % YoY, driven by subscriber losses that were partially offset by contractual rate increases. Advertising revenue slipped 0.6 % YoY, while platforms revenue rose 0.8 % YoY (9.3 % excluding SportsEngine) on higher contributions from Fandango and GolfNow. Net income attributable to Versant was $211 million, down 30.1 % from $302 million a year earlier, and adjusted EBITDA fell 8.9 % to $624 million.
The company lifted its full‑year 2026 revenue guidance to a range of $6.2 billion‑$6.45 billion (mid‑point $6.325 billion), slightly below the analyst consensus of $6.41 billion. Full‑year adjusted EBITDA outlook was raised to $1.9 billion‑$2.05 billion, and the free‑cash‑flow target of $1.0 billion‑$1.2 billion was maintained. The board declared a quarterly dividend of $0.375 per share, payable on 22 October 2026. Versant completed an accelerated share repurchase of $100 million during the quarter and announced an additional $100 million buyback for the third quarter. Following the announcement, the stock rose 6.2 %, and the company reported that its brands reached more than 120 million viewers each month, reinforcing its leadership across news, sports and entertainment.