Versant Media Group, Inc. · NASDAQ:VSNT
Versant Media — FY2025 Earnings Presentation
7 slides from Versant Media's earnings presentation, Mar 3, 2026
Slide 1: Supplemental Financial Information
\ Supplemental Financial Information March 3, 2026
Slide 2: Standalone Revenue, Costs and Expenses, Excluding D&A, and Adjusted EBITDA
\ Standalone Revenue, Costs and Expenses, Excluding Depreciation and Amortization, and Adjusted EBITDA Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY (in millions) 2025 2025 2025 2025 2025 2024 2024 2024 2024 2024 Revenue Linear distribution $ 1,085 $ 1,017 $ 992 $ 997 $ 4,092 $ 1,161 $ 1,066 $ 1,039 $ 1,059 $ 4,325
Slide 3: Notes: Basis of Presentation and Non-GAAP Financial Measures
\ Notes Basis of Presentation Our combined financial statements for periods prior to our separation from Comcast ("the Separation") on January 2, 2026 were derived from Comcast’s historical accounting records as if Versant operations had been conducted independently from Comcast, and reflect our ass
Slide 4: Notes (Continued): Non-GAAP Financial Measures
\ Notes (Continued) Non-GAAP Financial Measures (Continued) Standalone Selling, General and Administrative expense is defined as selling, general and administrative expenses adjusted to give effect to estimated incremental costs of commercial agreements with Comcast and estimated additional costs we
Slide 5: Reconciliation from Net Income Attributable to Versant to Adjusted EBITDA
\ Reconciliation from Net Income Attributable to Versant to Adjusted EBITDA and Standalone Adjusted EBITDA 2025 2024 (in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Net income attributable to Versant $ 367 $ 302 $ 80 $ 181 $ 930 $ 430 $ 373 $ 184 $ 376 $ 1,363 Net income (loss) attributable to noncontro
Slide 6: Reconciliations to Standalone SG&A and Standalone Costs and Expenses
\ Reconciliations from Selling, General and Administrative Expenses to Standalone Selling, General and Administrative Expenses and from Costs and Expenses, Excluding Depreciation and Amortization to Standalone Costs and Expenses, Excluding Depreciation and Amortization Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
Slide 7: Reconciliation from Net Cash Provided by Operating Activities to Standalone Free Cash Flow
\ Reconciliation from Net Cash Provided by Operating Activities to Standalone Free Cash Flow (in millions) 2025 Net cash provided by operating activities $ 2,022 Capital expenditures (167) Incremental capital expenditures (1) (80) Cash payments for interest (2) (197) Incremental costs of commercial