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Versant Media Group, Inc. engages in the media and entertainment business in the United States. It produces, licenses, and acquires content that is distributed through various outlets, including networks and digital platforms. The company delivers news, sports and entertainment content through its portfolio of brands, which includes MS NOW, CNBC, USA Network, Golf Channel, GolfNow, SportsEngine, E!, SYFY, Oxygen True Crime, Fandango, and Free TV Networks. The company serves political news and opinion, business news and personal finance, golf and athletics participation, and sports and genre entertainment markets through television networks and digital platforms. The company was incorporated in 2025 and is based in New York, New York. Versant Media Group, Inc. was formerly a subsidiary of Comcast Corporation.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.7B | $2.3B | $930M | $1.9B | 9.0% | -5.3% | -31.8% |
| 2024 | $7.1B | $2.8B | $1.4B | $2.2B | 12.6% | -5.1% | -11.4% |
| 2023 | $7.4B | $3.1B | $1.5B | $2.4B | 13.3% | -5.0% | -12.8% |
| 2022 | $7.8B | $3.4B | $1.8B | $2.4B | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 7,834 | 7,444 | 7,062 | 6,688 |
| Operating Revenue | 7,834 | 7,444 | 7,062 | 6,688 |
| Cost Of Revenue | 3,161 | 3,154 | 3,064 | 2,937 |
| Gross Profit | 4,673 | 4,290 | 3,998 | 3,751 |
| Operating Expense | 2,263 | 2,222 | 2,156 | 2,479 |
| Selling General And Administration | 1,271 | 1,231 | 1,167 | 1,469 |
| Total Expenses | 5,424 | 5,376 | 5,220 | 5,416 |
| Operating Income | 2,410 | 2,068 | 1,842 | 1,272 |
| Total Operating Income As Reported | 2,410 | 2,069 | 1,841 | 1,272 |
| EBITDA | 3,402 | 3,060 | 2,832 | 2,251 |
| Normalized EBITDA | 3,463 | 3,060 | 2,831 | 2,282 |
| EBIT | 2,410 | 2,069 | 1,843 | 1,241 |
| Interest Expense | - | 0 | 0 | 13 |
| Net Interest Income | - | 0 | 0 | -13 |
| Other Income Expense | -61 | - | 1 | -31 |
| Interest Expense Non Operating | - | 0 | 0 | 13 |
| Net Non Operating Interest Income Expense | - | 0 | 0 | -13 |
| Pretax Income | 2,349 | 2,069 | 1,843 | 1,228 |
| Tax Provision | 591 | 530 | 478 | 297 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | -15.35 | 0 | 0.26 | -7.50 |
| Net Income Continuous Operations | 1,758 | 1,539 | 1,365 | 931 |
| Net Income From Continuing And Discontinued Operation | 1,764 | 1,539 | 1,363 | 930 |
| Net Income From Continuing Operation Net Minority Interest | 1,764 | 1,539 | 1,363 | 930 |
| Net Income | 1,764 | 1,539 | 1,363 | 930 |
| Net Income Common Stockholders | 1,764 | 1,539 | 1,363 | 930 |
| Net Income Including Noncontrolling Interests | 1,758 | 1,540 | 1,365 | 931 |
| Normalized Income | 1,809.65 | 1,539 | 1,362.26 | 953.50 |
| Diluted NI Availto Com Stockholders | 1,764 | 1,539 | 1,363 | 930 |
| Basic Average Shares | 144.53 | 144.53 | 144.53 | 144.53 |
| Diluted Average Shares | 144.53 | 144.53 | 144.53 | 144.53 |
| Reconciled Depreciation | 992 | 991 | 989 | 1,010 |
| Reconciled Cost Of Revenue | 3,161 | 3,154 | 3,064 | 2,937 |
| Total Unusual Items | -61 | - | 1 | -31 |
| Total Unusual Items Excluding Goodwill | -61 | - | 1 | -31 |
| Minority Interests | 6 | 0 | -2 | -1 |
| Gain On Sale Of Security | -61 | - | 1 | -31 |
| Depreciation Amortization Depletion Income Statement | 992 | 991 | 989 | 1,010 |
| Depreciation And Amortization In Income Statement | 992 | 991 | 989 | 1,010 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Versant Media Group, Inc.this co. | VSNT | $5.7B | 6.12↓ discount | 0.55 | 9.0% | 2.94 |
| Lumen Technologies, Inc. | LUMN | $10.2B | -5.87 | -9.13 | 155.7% | 20.43 |
| Madison Square Garden Sports Corp. | MSGS | $9.3B | -413.16 | -32.94 | 8.0% | 1357.01 |
| Iridium Communications Inc. | IRDM | $5.5B | 48.13 | 11.90 | 24.7% | 16.17 |
| Sphere Entertainment Co. |
| SPHR |
| $5.1B |
| 152.34 |
| 2.28 |
| 1.5% |
| 11.94 |
| Telephone and Data Systems, Inc. | TDS | $4.5B | -724.07 | 1.21 | -0.2% | 9.31 |
| Cinemark Holdings, Inc. | CNK | $3.6B | 26.04 | 8.88 | 34.1% | 12.02 |
| IAC Inc. | IAC | $3.1B | -30.21 | 0.66 | -2.2% | 21.38 |
| John Wiley & Sons, Inc. | WLY | $2.3B | 26.88 | 3.01 | 11.2% | 8.95 |
| Peer Median | - | 10.09 | 1.75 | 9.6% | 14.10 | |