Versant Media Group posts $1.64 B Q2 revenue as profit falls 30%

Versant Media Group (Nasdaq: VSNT) reported second‑quarter 2026 results on Aug. 6, showing total revenue of $1.64 billion, a 3.8% decline from the prior year. Net income attributable to Versant dropped 30% to $211 million and adjusted EBITDA fell 8.9% to $624 million. Linear distribution revenue, the largest segment, fell 6.3% to $954 million, while advertising revenue was nearly flat at $423 million, down 0.6%. Platform revenue, which includes direct‑to‑consumer businesses such as Fandango and GolfNow, rose 0.8% overall, driven by higher ticket sales, video‑on‑demand transactions and cinema‑operating activity. Excluding the impact of the SportsEngine divestiture, total revenue declined only 2.8% and platform revenue grew 9.3%. CEO Mark Lazarus said the company’s new digital and subscription initiatives “build on the foundation of our portfolio, deepen consumer engagement, and position Versant for long‑term growth.” Versant also raised its revenue and cash‑flow forecasts for the second half of the year.

The company, spun off from Comcast earlier this year, continues to focus on expanding its non‑linear assets, with recent efforts to broaden Fandango into a wider consumer entertainment platform and to develop new subscription projects at CNBC and MS NOW.