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NASDAQ · TELEVISION BROADCASTING STATIONS · SMALL CAP

Versant Media Group, Inc. VSNT

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.7B
▼ 5.3% YoY
$930.0M
▼ 31.8% YoY
$1.9B
▼ 14.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Versant is a media and entertainment business that operates in four core markets: political news and opinion, business news and personal finance, golf and athletics participation and sports and genre entertainment. It serves these markets primarily through a portfolio of brands comprised of television networks operating primarily in the United States, including MS NOW, CNBC, USA Network, Golf Channel, E!, SYFY and Oxygen, and digital platforms including GolfNow, Fandango and Rotten Tomatoes. It generates revenue primarily through distributing its networks, selling advertising across its brands, providing services through its digital platforms and content licensing. As of December 31, 2025, the company had approximately 4,400 full-time and part-time employees calculated on a full-time equivalent basis. Over 50 million viewers watched content on a Versant network each week in 2025. It presents its operations in one reportable business segment. Versant was incorporated in Pennsylvania on May 1, 2025. Prior to January 2, 2026, it was a wholly owned subsidiary of Comcast Corporation and operated as part of Comcast's Media Segment, before separating from Comcast on that date to become a standalone publicly traded company.

Written from the business description in Versant Media Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.

Growth

USD 6.7B
Revenue, FY2025 · full 3-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.7 · Net income 0.9
3B6B
202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

14 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 19.0% · Net 13.9%
10%20%
202320242025
ROE
FY2025 · ROE 8.8%
5%10%
202320242025
Three returns, three denominators.

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.9
1B2B
202320242025

Total assetsUSD 12.3B
EquityUSD 10.3B
CashUSD 55.0M
Gross debtUSD 983.0M
Net debtUSD 928.0M
Current ratio4.02×

Net debt stands at 9% of equity.

The 3-year record

3 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
VSNT, 3-year financial record
Metric 202520242023
Revenue $B6.77.17.4
Operating income $B1.31.82.1
EBITDA $B1.31.92.1
Income tax $B0.30.50.5
Net income $B0.91.41.5
Free cash flow $B1.92.22.4
EPS, diluted $◌◌◌
Dividend / sh $◌◌◌
Payout % — not applicable: no dividend———
ROE %8.812.113.2

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 7 reconciliationsAUDITED

Reconciled in 3 of the 3 fiscal years we could check. 34 checks were skipped: the balance sheet is not tagged before 2024. 16 checks were skipped: revenue is not tagged before 2023.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityTelevision Broadcasting Stations
Listed onNASDAQ
Incorporated inPennsylvania
Fiscal year endsDecember 31
Data on record since2023

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