The EPS beat and accelerated buyback signal management confidence and near-term support, but the core business continues to shrink (linear and advertising declines). Watch for subscriber trends and advertising recovery. The content licensing spike is lumpy; focus on sustainable revenue drivers.
Price Chart
Executive Summary
Versant Media reported Q1 2026 EPS of $1.99, beating consensus of $1.69 by 17.8%, but revenue declined 1.1% YoY to $1.687B. Net income fell 22% to $286M, while Adjusted EBITDA dropped 7% to $704M. The company returned $100M via share repurchases, declared a $0.375 dividend, and announced a $100M accelerated share repurchase. Platforms revenue grew 9.5%, offsetting weakness in linear distribution and advertising.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS $1.99 vs consensus $1.69 (beat 17.8%)
- Revenue $1.687B, down 1.1% YoY from $1.706B
- Net income $286M, down 22.1% YoY from $367M
- Adjusted EBITDA $704M, down 7.0% YoY from $757M
- Platforms revenue $192M, up 9.5% YoY
- Linear distribution revenue $1,006M, down 7.3% YoY
- Advertising revenue $368M, down 5.2% YoY
- Repurchased 2,694,125 shares for $100M in Q1
- Declared second quarterly dividend of $0.375 per share
- Announced $100M accelerated share repurchase agreement starting May 15, 2026
Financial Impact
EPS beat of $0.30 (17.8%) vs consensus, with $100M in buyback activity and $100M ASR announced
Risk Factors
- Continued linear subscriber declines weighing on distribution revenue
- Advertising revenue weakness from ratings drops at networks
- High leverage: $2.87B long-term debt vs $1.19B cash
- Content licensing revenue not recurring and volatile
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0002067876-26-000025 |
| Exhibit: exhibit992-versantsupple.htm | 0002067876-26-000025 |
| Document: vsnt-20260514.htm | 0002067876-26-000025 |
| Document: 0002067876-26-000025-index-headers.html | 0002067876-26-000025 |
| Document: 0002067876-26-000025-index.html | 0002067876-26-000025 |
| Document: 0002067876-26-000025.txt | 0002067876-26-000025 |
| 8-K Data (Synthetic) | 0002067876-26-000025 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 11w ago | 8-K | $38.22 | awaiting T+60 | — | $31.07 (−18.71%) |
Jul 6, 2026 16w ago | 8-K | $37.22 $32.17 | ▼ −13.57% | ▼ −15.29% | $31.07 (−16.52%) |
Jun 13, 2026 19w ago | Institutional Cluster | $38.94 $37.21 | ▼ −4.44% | ▼ −5.45% | $31.07 (−20.21%) |
Jun 11, 2026 19w ago | DEFA14A | $40.53 $38.25 | ▼ −5.63% | ▼ −8.89% | $31.07 (−23.34%) |
May 14, 2026 23w ago | 8-K | $44.43 $36.76 | ▼ −17.26% | ▼ −20.85% | $31.07 (−30.07%) |
Apr 23, 2026 26w ago | DEFA14A | $38.74 $36.15 | ▼ −6.69% | ▼ −11.77% | $31.07 (−19.80%) |
US Market Status
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