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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 |
| 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 |
| Operating Income | 2,410 | 2,068 | 1,842 | 1,272 |
| EBITDA | 3,402 | 3,060 | 2,832 | 2,251 |
| EBIT | 2,410 | 2,069 | 1,843 | 1,241 |
| Pretax Income | 2,349 | 2,069 | 1,843 | 1,228 |
| Tax Provision | 591 | 530 | 478 | 297 |
| Net Income | 1,764 | 1,539 | 1,363 | 930 |
| Net Income Common Stockholders | 1,764 | 1,539 | 1,363 | 930 |
| Total Expenses | 5,424 | 5,376 | 5,220 | 5,416 |
| Interest Expense | - | 0 | 0 | 13 |
| Selling General And Administration | 1,271 | 1,231 | 1,167 | 1,469 |
| Normalized EBITDA | 3,463 | 3,060 | 2,831 | 2,282 |
| Normalized Income | 1,809.65 | 1,539 | 1,362.26 | 953.50 |
| Market Cap | 5,481.50 | 5,481.50 | 5,481.50 | 5,481.50 |
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 | $5.6B | 5.89↓ discount | 0.53 | 9.0% | 2.85 |
| Sphere Entertainment Co. | SPHR | $4.7B | 139.63 | 2.09 | 1.5% | 11.03 |
| Iridium Communications Inc. | IRDM | $4.2B | 36.02 | 8.90 | 24.7% | 13.05 |
| Cinemark Holdings, Inc. | CNK | $3.3B | 24.07 | 8.21 | 34.1% | 11.50 |
| John Wiley & Sons, Inc. | WLY |
| $2.2B |
| 25.05 |
| 2.80 |
| 11.2% |
| 8.50 |
| Madison Square Garden Sports Corp. | MSGS | - | -357.53 | -28.50 | 8.0% | 1192.73 |
| Lumen Technologies, Inc. | LUMN | - | -5.24 | -8.15 | 155.7% | 19.60 |
| Telephone and Data Systems, Inc. | TDS | - | -825.35 | 1.38 | -0.2% | 10.45 |
| IAC Inc. | IAC | - | -32.02 | 0.70 | -2.2% | 22.50 |
| Peer Median | - | 9.42 | 1.73 | 9.6% | 12.27 | |