Versant reports first-quarter revenue decline, with bright spots in platforms and licensing

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“Versant Media Group on Thursday unveiled results for its most recent quarter — its first as a standalone company after separating from Comcast's NBCUniversal and beginning to trade on the Nasdaq earlier this year.”

CORROBORATED

Multiple independent sources confirm Versant Media Group was spun off from Comcast/NBCUniversal and began trading on the Nasdaq in early 2026.

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wikipedia NEUTRAL — Comcast Corporation, formerly known as Comcast Holdings, is an American multinational mass media, telecommunications, and entertainment conglomerate. Comcast's corporate headquarters is at the Comcast…
https://en.wikipedia.org/wiki/Comcast

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wikipedia NEUTRAL — NBCUniversal Media, LLC (doing business as NBCUniversal or Comcast NBCUniversal since 2013), abbreviated as NBCU, is an American multinational mass media and entertainment conglomerate that is a subsi…
https://en.wikipedia.org/wiki/NBCUniversal

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wikipedia NEUTRAL — Versant Media Group, Inc., doing business as Versant (), is an American multinational mass media company. Formed on January 2, 2026, as a spin-off of Comcast, Versant is headquartered at 229 West 43rd…
https://en.wikipedia.org/wiki/Versant

+ 3 more evidence sources

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“Linear distribution revenue for its pay TV networks — which includes CNBC, MS Now and the Golf Channel as well as USA, E!, Syfy and Oxygen — was down roughly 7% during the period to $1.01 billion.”

CORROBORATED

Multiple sources confirm Versant owns the listed networks, including the rebranding of MSNBC to MS Now. While the specific revenue figure ($1.01B) is only in the claim, the ownership of the specific network portfolio is corroborated across multiple sources.

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wikipedia NEUTRAL — Fandango Media, LLC is an American ticketing company that sells movie tickets via its website and its mobile app. It also owns Fandango at Home (formerly owned by Walmart and originally known as Vudu)…
https://en.wikipedia.org/wiki/Fandango_Media

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wikipedia NEUTRAL — MS NOW (formerly MSNBC) is an American cable news channel. Owned by Versant, the channel primarily broadcasts rolling news coverage and political commentary. Its studios are located in Versant's headq…
https://en.wikipedia.org/wiki/MS_NOW

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wikipedia NEUTRAL — Versant Media Group, Inc., doing business as Versant (), is an American multinational mass media company. Formed on January 2, 2026, as a spin-off of Comcast, Versant is headquartered at 229 West 43rd…
https://en.wikipedia.org/wiki/Versant

+ 3 more evidence sources

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“Advertising revenue was down 5% to $368 million, which was considered an improvement from the same period last year when it posted a 12% decline.”

SINGLE SOURCE

While the existence of Versant is verified, the specific financial figures for advertising revenue ($368 million and the 5% vs 12% decline) are not present in the provided evidence.

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wikipedia NEUTRAL — Nasdaq-100 (NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted…
https://en.wikipedia.org/wiki/Nasdaq-100

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wikipedia NEUTRAL — Versant Media Group, Inc., doing business as Versant (), is an American multinational mass media company. Formed on January 2, 2026, as a spin-off of Comcast, Versant is headquartered at 229 West 43rd…
https://en.wikipedia.org/wiki/Versant

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wikipedia NEUTRAL — Versant is an American media company that is a spin off from Comcast's NBCUniversal. Versant may also refer to: Versant (band), a musical group Versant District, a municipal district in Gatineau, Que…
https://en.wikipedia.org/wiki/Versant_(disambiguation)

+ 3 more evidence sources

info

“Revenue from content licensing, however, rose 113.5% to $121 million, due largely to the licensing of the longtime reality TV series hit "Keeping Up With the Kardashians" and other related content to Disney's Hulu.”

SINGLE SOURCE

The evidence confirms Versant's existence and its relationship to Comcast, but does not contain the specific licensing revenue figures or the deal regarding 'Keeping Up With the Kardashians' and Hulu.

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wikipedia NEUTRAL — Fandango Media, LLC is an American ticketing company that sells movie tickets via its website and its mobile app. It also owns Fandango at Home (formerly owned by Walmart and originally known as Vudu)…
https://en.wikipedia.org/wiki/Fandango_Media

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wikipedia NEUTRAL — Mark Lazarus is an American media executive. He is the CEO of Versant, a spin-off company of NBCUniversal owned by Comcast shareholders. He previously was the chairman of NBCUniversal Media Group and …
https://en.wikipedia.org/wiki/Mark_Lazarus_(businessman)

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wikipedia NEUTRAL — Versant Media Group, Inc., doing business as Versant (), is an American multinational mass media company. Formed on January 2, 2026, as a spin-off of Comcast, Versant is headquartered at 229 West 43rd…
https://en.wikipedia.org/wiki/Versant

+ 3 more evidence sources

info

“More than 80% of Versant's revenue comes from the pay TV business.”

SINGLE SOURCE

The evidence confirms Versant operates a large pay TV business, but the specific percentage (over 80% of revenue) is not mentioned in the provided sources.

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wikipedia NEUTRAL — Fandango Media, LLC is an American ticketing company that sells movie tickets via its website and its mobile app. It also owns Fandango at Home (formerly owned by Walmart and originally known as Vudu)…
https://en.wikipedia.org/wiki/Fandango_Media

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wikipedia NEUTRAL — USA Sports is an American programming division for Versant that is responsible for sports broadcasts on USA Network, CNBC and Golf Channel, launched on November 12, 2025.
https://en.wikipedia.org/wiki/USA_Sports_(2025–present)

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wikipedia NEUTRAL — Versant Media Group, Inc., doing business as Versant (), is an American multinational mass media company. Formed on January 2, 2026, as a spin-off of Comcast, Versant is headquartered at 229 West 43rd…
https://en.wikipedia.org/wiki/Versant

+ 3 more evidence sources

info

“Versant reported first-quarter revenue from its platforms business, which includes Fandango, GolfNow and some of the already launched direct-to-consumer units, was up 9.5% to $192 million.”

SINGLE SOURCE

Evidence confirms Versant owns Fandango and GolfNow, but the specific first-quarter revenue figure of $192 million is not found in the provided evidence.

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web search NEUTRAL — Versant Media Group, Inc., doing business as Versant (/ ˈvɜːrsənt / [1]), is an American multinational mass media company. Formed on January 2, 2026, as a spin-off of Comcast, Versant is headquartered…
https://en.m.wikipedia.org/wiki/Versant

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web search NEUTRAL — If this is your first time logging in using our new Multi-Factor Authentication process please enter your email as the username and select "forgot password".
https://ecp.versanthealth.com/prelogin/login

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web search NEUTRAL — Jan 5, 2026 · The split took effect on January 2 and Versant shares began trading on Nasdaq under the ticker symbol VSNT on Monday morning.
https://www.mediaite.com/media/news/versant-has-officially-s…

info

“Overall revenue for the period ended March 31 was $1.69 billion, down about 1% compared to the same quarter last year.”

SINGLE SOURCE

The specific total revenue figure of $1.69 billion for the period ending March 31 is not found in the provided evidence.

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web search NEUTRAL — Year over Year Analysis (YoY) is a type of financial analysis that’s useful when comparing time series data.Click here to learn more about this topic: https
https://www.youtube.com/watch?v=0ISALxINSy4

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web search NEUTRAL — The Company posted quarterly revenue of $111.2 billion, up 17 percent year over year. Diluted earnings per share was $2.01, up 22 percent year over year. “Today Apple is proud to report our best March…
https://www.apple.com/newsroom/2026/04/apple-reports-second-…

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web search NEUTRAL — Google just released earnings this afternoon, reporting revenues of $10.65 billion for the first quarter which ended March 31, 2012, an increase of 24% compared to the first quarter of 2011 ($8.58 bil…
https://techcrunch.com/2012/04/12/google-beats-in-q1-2012-re…

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“Wall Street analysts polled by LSEG had expected revenue of $1.62 billion.”

SINGLE SOURCE

While TipRanks mentions an earnings call for Versant, the specific LSEG analyst expectation of $1.62 billion is not present in the evidence.

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web search NEUTRAL — Versant Media Group’s latest earnings call struck a cautiously optimistic tone, pairing robust cash generation and resilient margins with frank acknowledgment of revenue and ad weakness.
https://www.tipranks.com/news/company-announcements/versant-…

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web search NEUTRAL — The company, which runs the London Stock Exchange (LON:LSEG) and provides data and analytics to banks and other institutions, said it expects its 2025 annual income to grow between 6.5% and 7.5%, afte…
https://www.investing.com/news/stock-market-news/lseg-expect…

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web search NEUTRAL — Analysts expect LSEG to post adjusted pretax profit of 3.3 billion pounds, up from 2.97 billion pounds in 2024, according to a company-compiled consensus. Margin Targets and ASV Trends. Elliott wants …
https://www.globalbankingandfinance.com/lseg-pressure-ai-mar…

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“Net income attributable to Versant decreased 22% to $286 million, or $1.99 per share, for the quarter”

INSUFFICIENT EVIDENCE

No evidence was found in the search results regarding the net income or earnings per share for Versant.

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“Adjusted earnings before interest, taxes, depreciation and amortization fell 7% from the same period last year to $704 million.”

INSUFFICIENT EVIDENCE

No evidence was found in the search results regarding the adjusted EBITDA for Versant.

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“When compared to standalone adjusted EBITDA... adjusted EBITDA was up about 5%, Versant said.”

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“The company on Thursday declared a quarterly cash dividend for the second quarter in a row, each time at 37.5 cents per share.”

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“The new dividend is payable on July 22 to shareholders of record as of the close of business on July 1.”

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“Versant also announced on Thursday that it expects to enter into a $100 million accelerated share repurchase agreement, beginning May 15, which it anticipates completing during the second quarter.”

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“Versant repurchased nearly 2.7 million shares of class A common stock during the first quarter, with a remaining authorization of roughly $900 million as of March 31, it said.”

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“Versant is the parent company of CNBC.”

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Versant reports first-quarter revenue decline, with bright spots in platforms and licensing

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