Versant Media Group, Inc. · NASDAQ:VSNT
Versant Media — Q1 2026 Earnings Presentation
11 slides from Versant Media's earnings presentation, May 14, 2026
Slide 1: Versant Media Reports First Quarter 2026 Operating and Financial Results
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 Billion Repurchase Authorization • Declared Second Quarterly
Slide 2: Business Highlights
Business Highlights: In the first quarter of 2026, Versant executed against its strategic priorities: winning with premium content, extending the reach of its brands, and accelerating the growth of its digital platforms, driving continued progress across the business. Business News and Personal Fina
Slide 3: First Quarter 2026 Financial Results
First Quarter 2026 Financial Results Three Months Ended March 31, 2026 2025 Change (in millions) Revenue: Linear distribution $ 1,006 $ 1,085 (7.3)% Advertising 368 388 (5.2)% Platforms 192 176 9.5 % Content licensing and other 121 57 113.5 % Total revenue $ 1,687 $ 1,706 (1.1)% Net income attributa
Slide 4: Dividends and Share Repurchase Program
Dividends and Share Repurchase Program The Board of Directors declared the Company’s first quarterly cash dividend of $0.375 per share, which was paid on April 22, 2026, to shareholders of record as of the close of business on April 1, 2026. On May 14, 2026, the Board of Directors declared the secon
Slide 5: Caution Concerning Forward-Looking Statements
Caution Concerning Forward-Looking Statements This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of
Slide 6: Table 1: Condensed Consolidated and Combined Statements of Income
TABLE 1 Condensed Consolidated and Combined Statements of Income (Unaudited) Three Months Ended March 31, 2026 2025 (in millions) Revenue $ 1,687 $ 1,706 Costs and expenses Costs of revenue (exclusive of depreciation and amortization) 638 654 Selling, general and administrative 351 307 Depreciation
Slide 7: Table 2: Condensed Consolidated and Combined Statements of Cash Flows
TABLE 2 Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) Three Months Ended March 31, 2026 2025 (in millions) Operating Activities Net income $ 286 $ 367 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 256 245 Sh
Slide 8: Table 3: Condensed Consolidated and Combined Balance Sheets
TABLE 3 Condensed Consolidated and Combined Balance Sheets (Unaudited) March 31, December 31, 2026 2025 (in millions) Assets Current Assets: Cash and cash equivalents $ 1,193 $ 55 Restricted cash — 1,034 Receivables, net 1,193 1,151 Assets held for sale 181 196 Other current assets 82 66 Total curre
Slide 9: Table 4: Supplemental Disclosures Regarding Non-GAAP Financial Measures
TABLE 4 Supplemental Disclosures Regarding Non-GAAP Financial Measures We evaluate our operating performance based on several factors, including the following non-GAAP financial measures: Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure and is the primary basis used to measure the ope
Slide 10: Reconciliation from Net Income to Adjusted EBITDA and Standalone Adjusted EBITDA
Reconciliation from Net Income Attributable to Versant to Adjusted EBITDA and Standalone Adjusted EBITDA (Unaudited) Three Months Ended March 31, 2026 2025 (in millions) Net income attributable to Versant $ 286 $ 367 Net income attributable to noncontrolling interests — — Income tax expense 112 132
Slide 11: Free Cash Flow
Free Cash Flow Free Cash Flow is a non-GAAP financial measure that we believe provides a meaningful measure of liquidity and a useful basis for assessing our ability to repay debt, make strategic acquisitions and investments, and return capital to investors through stock repurchases and dividends. I