Versant Media Group, Inc. is a US-listed company in the broadcasting industry. Its financial year ends in December.
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~$42
Valuation models combined (2)
Base case. Range ~$9.1–$51. Weighted average of 2 models (growth cash-flow model, forward price-to-sales vs peers), the growth cash-flow model counting double.
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Versant Media Group, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
No figure in Versant Media Group, Inc.'s latest results trips our warning thresholds.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
Versant Media Group, Inc. said it generated $1.59 billion in revenue and $47 million in net income for the third quarter of 2026. The company declared a quarterly dividend of $0.375 per share and announced an additional $100 million accelerated share repurchase for the fourth quarter.
The company also guided to adjusted ebitda of $1.90bn to $2.05bn for the full-year 2026; free cash flow of $1.00bn to $1.20bn for the full-year 2026.
We value Versant Media Group, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.86 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$51 ~$34–$60 | Primary model, counts double |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: fewer than 5 peers with a usable multiple |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: book value or earnings not available |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$9.1 ~$6.4–$51 | Included, half weight |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$42 ~$9.1–$51 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Versant Media Group, Inc. with Broadcasting in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: November 3, 2026, before the open. Analysts expect revenue of $1.6bn and EPS of −$0.04 (range −$0.19 to $0.20) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $4.11 | — | $6.5bn | −3% |
| Next | $7.04 | +69% | $6.2bn | −3% |
Next year's EPS estimate has moved +5.4% in 90 days, across 4 analysts.
The consensus EPS forecast for the current fiscal year is −3.1% on 90 days ago. In the last 30 days, 1 analyst raised Versant Media Group, Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $4.24 | $6.68 |
| 60 days ago | $4.27 | $7.04 |
| 30 days ago | $4.27 | $7.26 |
| 7 days ago | $4.27 | $6.59 |
| Now | $4.11 | $7.04 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $1.42 | $1.49 | +5.2% |
| Mar 2026 | $2.16 | $2.02 | −6.5% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| VSNT | −26% |
| Industry peers (median) | −11% |
| S&P 500 | +11% |
| Months that ended higher | |
| VSNT | 73% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| VSNT | −41% |
| S&P 500 | −9% |
Worst fall since December 15, 2025: 42% from December 16, 2025 to February 12, 2026. Getting back needed a 73% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 6, 2026 | +8.0% | +0.5% | +8.7% | +7.9% |
| May 14, 2026 | +6.3% | −0.4% | +4.2% | −3.7% |
| March 3, 2026 | +10.0% | −0.2% | +11.8% | +14.7% |
Each dollar Versant Media Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.
| Revenue | $6.7B | |
|---|---|---|
| Selling, general and admin | $1.5B | 22.0% of revenue |
| Other operating costs | $3.9B | 59.0% of revenue |
| Operating income | $1.3B | 19.0% of revenue |
| Income tax | $297M | 4.4% of revenue |
| Interest and other | $45M | 0.7% of revenue |
| Net income | $930M | 13.9% of revenue |
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 7,445 | 7,062 | 6,688 |
| EBITDA | 2,136 | 1,904 | 1,339 |
| Operating income | 2,069 | 1,841 | 1,272 |
| Net income | 1,539 | 1,363 | 930 |
| Growth (year on year) | |||
| Revenue | — | −5.1% | −5.3% |
| EBITDA | — | −10.9% | −29.7% |
| Operating income | — | −11.0% | −30.9% |
| Net income | — | −11.4% | −31.8% |
| Margins | |||
| EBITDA margin | 28.7% | 27.0% | 20.0% |
| Operating margin | 27.8% | 26.1% | 19.0% |
| Net margin | 20.7% | 19.3% | 13.9% |
| Free-cash-flow margin | 31.9% | 30.5% | 27.7% |
| Cash flow | |||
| Cash from operations | 2,428 | 2,211 | 2,022 |
| Capital spending | 56 | 54 | 167 |
| Free cash flow | 2,372 | 2,157 | 1,855 |
| Stock-based pay | 15 | 16 | 29 |
| Free cash flow after stock pay | 2,357 | 2,141 | 1,826 |
| Balance sheet | |||
| Cash | 23 | 8 | 55 |
| Total debt | 0 | 0 | 983 |
| Net debt (negative = net cash) | −23 | −8 | 928 |
| Quarter | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 1,706 | 1,708 | 1,687 | 1,644 |
| Operating income | 499 | 410 | 442 | 367 |
| Net income | 367 | 302 | 286 | 211 |
| Diluted EPS | $2.55 | $2.09 | $1.99 | $1.49 |
| Growth (year on year) | ||||
| Revenue | — | — | −1.1% | −3.7% |
| Operating income | — | — | −11.4% | −10.5% |
| Net income | — | — | −22.1% | −30.1% |
| Diluted EPS | — | — | −22.0% | −28.7% |
| Margins | ||||
| Operating margin | 29.2% | 24.0% | 26.2% | 22.3% |
| Net margin | 21.5% | 17.7% | 17.0% | 12.8% |
| Free-cash-flow margin | 26.8% | 34.7% | 33.1% | 21.3% |
| Cash flow | ||||
| Cash from operations | 478 | 635 | 585 | 382 |
| Capital spending | 21 | 42 | 27 | 32 |
| Free cash flow | 457 | 593 | 558 | 350 |
| Stock-based pay | 3 | 10 | 17 | 16 |
| Free cash flow after stock pay | 454 | 583 | 541 | 334 |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Linear Distribution | $4.1B | 61.2% | ▼ 5.4% |
| Advertising | $1.6B | 23.6% | ▼ 8.9% |
| Platforms | $826M | 12.4% | ▲ 3.9% |
| Content Licensing and Other | $193M | 2.9% | ▼ 8.5% |
From Versant Media Group, Inc.'s 10-K filed March 3, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $651M | 18.1M | 14.8% | ▲ 4.2% |
| Vanguard Portfolio Management LLC | $305M | 8.5M | 6.9% | ▼ 4.5% |
| Vanguard Capital Management LLC | $230M | 6.4M | 5.2% | ▼ 1.1% |
| AQR Capital Management LLC | $214M | 6.0M | 4.9% | ▲ 3.5% |
| State Street Corp | $171M | 4.8M | 3.9% | ▼ 3.6% |
| Dodge & Cox | $161M | 4.5M | 3.7% | ▼ 0.9% |
| Norges Bank | $161M | 4.5M | 3.6% | — |
| Geode Capital Management, LLC | $130M | 3.6M | 3.0% | ▲ 90.6% |
| Dimensional Fund Advisors LP | $112M | 3.1M | 2.5% | ▲ 175.5% |
| Goldman Sachs Group Inc | $101M | 2.8M | 2.3% | ▲ 476.0% |
| American Century Companies Inc | $80.6M | 2.2M | 1.8% | ▲ 203.6% |
| Qube Research & Technologies Ltd | $76.2M | 2.1M | 1.7% | ▲ 92.2% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Versant Media Group, Inc.'s complete shareholder register. Values are as reported by the filers ; 8 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Potter Leonard Director | March 13, 2026 | Buy | 2,500 | $37.65 | $94,125 |
| Potter Leonard Director | March 12, 2026 | Buy | 5,000 | $37.88 | $189,400 |
| Potter Leonard Director | March 11, 2026 | Buy | 3,000 | $38.34 | $115,020 |
| Potter Leonard Director | March 10, 2026 | Buy | 3,000 | $37.31 | $111,930 |
| Hassell Gerald L Director | March 9, 2026 | Buy | 10,000 | $36.07 | $360,700 |
| Conway Michael Aaron Director | March 9, 2026 | Buy | 1,350 | $36.14 | $48,789 |
| Novak David C Director | March 5, 2026 | Buy | 143,000 | $36.85 | $5.3M |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
In the last 12 months, 2 members of Congress disclosed 0 purchases and 2 sales of Versant Media Group, Inc. shares.
Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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