Business
Versant Media Reports First Quarter 2026 Operating and Financial Results
Revenue of $1.69 Billion Net Income Attributable to Versant of $286 Million Adjusted EBITDA of $704 Million1 Repurchased $100 Million Class A Shares Under $1
About this update from Versant Media Group, Inc.
[{"type":"text","content":"\n\nRevenue of $1.69 Billion\n\n\n\nNet Income Attributable to Versant of $286 Million\n\n\n\nAdjusted EBITDA of $704 Million1\n\n\n\nRepurchased $100 Million Class A Shares Under $1 Billion Repurchase Authorization\n\n\n\nDeclared Second Quarterly Cash Dividend of $0.375 Per Share\n\n\n\nAnnounced Planned $100 Million Accelerated Share Repurchase Transaction\n\n\n\n NEW YORK--(BUSINESS WIRE)--\nVersant Media Group, Inc. (Nasdaq: VSNT) (the “Company”) today reported operating and financial results for the first quarter of 2026. The Company delivered strong results in the first quarter of 2026, driven by continued growth in its Platforms business and disciplined execution across its portfolio.\n\n\n“Our first quarter as an independent company marks an important milestone for Versant and reflects a solid start to the year,” said Mark Lazarus, Chief Executive Officer. “From day one, our teams have operated with urgency and delivered strong financial results, exceptional audience engagement, and impressive momentum in our Platforms business. We are executing our strategy by extending the reach of our brands, deepening our connection with audiences, and scaling our digital platforms. This performance across Platforms and our core brands reinforces our confidence in evolving the business over time and delivering long-term shareholder value,” Lazarus said.\n\n\n“Our first quarter results demonstrate the durability of our operating model, with robust profitability and Free Cash Flow generation,” said Anand Kini, Chief Financial Officer and Chief Operating Officer. “We are driving growth in our Platforms while maintaining a sharp focus on efficiency. Consistent with our disciplined capital allocation framework, we returned $100 million to shareholders during the quarter through share repurchases under our existing authorization and today declared our second quarterly cash dividend of $0.375 per share. This morning we also announced a planned $100 million accelerated share repurchase transaction, further underscoring our focus on returning capital to shareholders, while maintaining a strong balance sheet and investing to evolve our business.”\n\n\n\n______________________________\n\n\n\n1\n\n\n\n\n\n\n \n\n\n\n\n\n\nAdjusted EBITDA presented in this release is a non-GAAP financial measure. Further information and reconciliation to the mos...