Versant Media Group, Inc.
Business
Versant Media Group operates a diversified media and entertainment business providing news, sports, and entertainment content through television networks including MS NOW, CNBC, USA Network, Golf Channel, E!, SYFY and Oxygen, complemented by digital platforms GolfNow, Fandango and Rotten Tomatoes. The company generates revenue through network distribution to MVPDs, advertising sales across brands, digital platform services and transactions, and content licensing. Versant operates as a standalone publicly traded company following its separation from Comcast in January 2026, serving U.S. markets with significant international reach through certain brands.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Versant Media Group, Inc.'s CIK number?
Versant Media Group, Inc.'s SEC CIK number is 0002067876 (2067876). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Versant Media Group, Inc.'s SEC filings?
All of Versant Media Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Versant Media Group, Inc. last report earnings?
Versant Media Group, Inc. (VSNT) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002067876-26-000025). This is Versant Media Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Versant Media Group, Inc.'s most recent earnings 8-K?
Versant Media Group, Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0002067876-26-000025. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Versant Media Group, Inc.'s latest earnings 8-K →
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