Versant Media Group, Inc.

Listed Company

VSNTCIK 0002067876NasdaqNon-AcceleratedTelevision Broadcasting StationsPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

$6.69B

Net Income

$930.00M

Total Assets

$12.33B

Equity

$10.29B

Shares Out

—

Op. Cash Flow

$2.02B

Business

Versant Media Group, Inc. is a publicly listed company in Television Broadcasting Stations, incorporated in Pennsylvania. Common stock trades on Nasdaq under the ticker VSNT.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenue	6,688	7,062	7,445
Costs of revenue (exclusive of depreciation and amortization)	2,937	3,064	3,154
Selling, general and administrative	1,469	1,167	1,231
Depreciation and amortization	1,010	989	991
Total costs and expenses	5,416	5,220	5,375
Operating income	1,272	1,841	2,069
Interest expense	−13	0	0
Investment and other (loss) income, net	−31	1	0
Income before income taxes	1,228	1,843	2,069
Income tax expense	−297	−478	−530
Net income	931	1,365	1,540
Less: Net income attributable to noncontrolling interests	1	2	0
Net income attributable to Versant	930	1,363	1,539

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Cash and cash equivalents	55	8	—
Restricted cash	1,030	0	—
Receivables, net	1,151	1,245	—
Assets held for sale	196	0	—
Other current assets	66	65	—
Total current assets	2,502	1,318	—
Content costs	539	639	—
Investments	214	254	—
Property and equipment, net	423	143	—
Intangible assets, net	924	1,869	—
Goodwill	7,611	7,732	7,732
Other noncurrent assets, net	120	94	—
Total assets	12,333	12,049	—
Accounts payable	151	102	—
Deferred revenue	163	135	—
Accrued content obligations	105	198	—
Accrued employee costs	62	43	—
Accrued expenses and other current liabilities	141	111	—
Total current liabilities	622	590	—
Deferred income taxes	191	428	—
Noncurrent content obligations	72	77	—
Long-term debt	983	0	—
Other noncurrent liabilities	63	39	—
Commitments and contingencies	—	—	—
Net Comcast investment	10,299	10,805	—
Accumulated other comprehensive loss	−7	−8	—
Total Comcast equity	10,292	10,797	—
Noncontrolling interests	110	118	—
Total equity	10,402	10,915	11,677
Total liabilities and equity	12,333	12,049	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Share-based compensation	29	16	15
Net loss on investment activity and other	41	0	1
Deferred income taxes	−139	−145	−135
Current and noncurrent receivables, net	84	100	41
Content costs, net	99	68	155
Accounts payable	25	−3	−12
Other operating assets and liabilities	−58	−179	−167
Net cash provided by operating activities	2,022	2,211	2,428
Capital expenditures	−167	−54	−56
Acquisition, net of cash acquired	−24	0	0
Other	36	−17	−4
Net cash used in investing activities	−155	−71	−60
Proceeds from borrowings	986	0	0
Change in net Comcast investment	−1,745	−2,142	−2,359
Other	−23	−12	4
Net cash used in financing activities	−782	−2,155	−2,355
Increase (decrease) in cash, cash equivalents and restricted cash	1,084	−16	13

Filings

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