Versant Q1 revenue falls 1.1% to $1.69 billion; net income down 22.1% to $286 million
Versant Media Group reported first-quarter 2026 results on May 14, its first quarter as an independent company after its separation from Comcast on January 2, 2026. Revenue fell 1.1% to $1.69 billion, net income fell 22.1% to $286 million, and Adjusted EBITDA fell 7.0% to $704 million, as declines in linear distribution and advertising outweighed growth in Platforms and content licensing. The company also repurchased $100 million of Class A shares in the quarter and plans a $100 million accelerated share repurchase.
Key points
- Revenue of $1.69 billion, down 1.1% from $1.71 billion; linear distribution fell 7.3% and advertising fell 5.2%
- Net income of $286 million versus $367 million a year earlier; diluted EPS of $1.99 versus $2.55
- Free Cash Flow of $558 million; $100 million of shares repurchased during the quarter
- Second quarterly dividend of $0.375 per share, payable July 22, 2026; planned $100 million accelerated share repurchase starting May 15, 2026
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.