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Versant Media Group (VSNT) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Versant Media Group (VSNT) Q3 2026 earnings results →

Q3 2026 Revenue down 4% year over year to $1.6B · 3¢ of every $1 of revenue kept as net profit · operating margin 6.9%

Versant Media Group made $1.6B in Q3 2026 (-4% Y/Y): Linear distribution $935M, Advertising $373M, Platforms $245M. Operating margin 6.9%, net earnings $47.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$1.6B
Year over year-4%
Operating margin6.9%
Net earnings$47.0M
Operating cash flow$346M

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Versant Media Group Q3 2026 revenue breakdown: Sankey diagram of revenue (Linear distribution, Advertising, Platforms, Content licensing and other), costs, profit and cash flow
Versant Media Group Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.6B in Q3 2026, down 4% year over year and down 3% from the previous quarter. Linear distribution was the largest line at 59% of revenue. Linear distribution lost $0.06B year over year (down 6%), 83% of the total change.

Operating profit was $0.11B, a 6.9% margin (down 3.0 points year over year). Total costs fell 1% while revenue fell 4%. Net earnings were $0.05B, down 41% year over year. The effective tax rate was 28.8%.

Operating cash flow was $0.35B (down 20% year over year), 736% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.28B. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.30B.

Quarterly history

Versant Media Group revenue by quarterVersant Media Group revenue by quarter$1.6BQ4 2025$1.7BQ1 2026$1.6BQ2 2026$1.6BQ3 2026
Versant Media Group net earnings by quarterVersant Media Group net earnings by quarter$182MQ4 2025$286MQ1 2026$211MQ2 2026$47.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$1.6B-4%6.9%$47.0M$346M
Q2 202610-QAug 6, 2026$1.6B-4%22.3%$211M$382M
Q1 202610-QMay 14, 2026$1.7B-1%26.2%$286M$585M
Q4 202510-KMar 3, 2026$1.6B—12.4%$182M$476M

Charts

Versant Media Group: revenue growth, year over year and quarter over quarterVersant Media Group: revenue growth, year over year and quarter over quarterY/YQ/Q-1%+5%Q1 2026-4%-3%Q2 2026-4%-3%Q3 2026
Latest (Q3 2026): Y/Y -4%, Q/Q -3%.
Versant Media Group: where the cash came from (+) and went (−), TTM to Q3 2026Versant Media Group: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.8BCash drawn (+) / kept (−)−$995MAcquisitions−$720MCapital spending−$149MOther investing$91.0MOther financing−$14.0MNot reconciled−$2.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Versant Media Group: profit against cash, quarter by quarterVersant Media Group: profit against cash, quarter by quarterNet incomeOperating cash flow$367M$478MQ1 2025$303M$635MQ2 2025$79.0M$433MQ3 2025$182M$476MQ4 2025$286M$585MQ1 2026$211M$382MQ2 2026$47.0M$346MQ3 2026
Latest (Q3 2026): Net income $47.0M, Operating cash flow $346M.
Versant Media Group in its industry: growth against margin (10 companies, SIC 4833)Versant Media Group in its industry: growth against margin (10 companies, SIC 4833)revenue growth, year over year →↑ operating marginmedian +16%median 15%PSKYFOXANXSTFWONAGTNSBGISSPEVCNMAXVSNT (-4%, 7%)
Television Broadcasting Stations; dot size is quarterly revenue; dashed lines are the industry's medians.

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Customers and suppliers named in filings

Sells to

About Versant Media Group

Versant is a media and entertainment business that operates in four core markets: political news and opinion, business news and personal finance, golf and athletics participation and sports and genre entertainment. We serve these markets primarily through a strong portfolio of brands comprised of television networks operating primarily in the United States, including MS NOW, CNBC, USA Network, Golf Channel, E!, SYFY and Oxygen, and our complementary digital platforms GolfNow, Fandango and Rotten Tomatoes. We produce, license and acquire content that we distribute through a variety of outlets, including our networks and digital platforms, delivering value to key constituents: the viewing audience, paying subscribers, advertisers, distributors and licensing counterparties.

In its own words, from its 10-K, filed Mar 3, 2026.

Versant Media Group against its Television Broadcasting Stations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median +16%. Operating margin: 6.9% against the peers' median 15.0%.

CompanyQuarterRevenueY/YOp. margin
VSNT Versant Media GroupQ3 2026$1.6B-4%6.9%
PSKY SkydanceQ2 2026$6.9B+0.9%6.9%
FOXA FoxQ1 FY27$4.6B+22%28.1%
NXST Nexstar Media GroupQ3 2026$2.1B+78%24.9%
FWONA Liberty MediaQ3 2026$1.2B+13%19.3%
GTN Gray MediaQ3 2026$972M+30%27.4%
SBGI SinclairQ3 2026$893M+16%15.0%
SSP E.W. ScrippsQ3 2026$545M+4%12.3%
EVC Entravision CommunicationsQ3 2026$226M+88%12.5%

Source: Versant Media Group 10-Q on SEC EDGAR · CIK 2067876 · Television Broadcasting Stations

Guidance and outlook

Versant Media Group: what its forward-looking statements are about (10-Q filed 2026-11-03)Versant Media Group: what its forward-looking statements are about (10-Q filed 2026-11-03)Other6Demand5Costs1Deals1Financing1Buybacks & dividends1Legal & regulation1
16 statements; tone +0.12 (−1 all cautious, +1 all confident); 3 hedged.
Versant Media Group: outlook statements against the filing beforeVersant Media Group: outlook statements against the filing beforeNew4Dropped7Confident5Cautious3

13F: who owns VSNT and who is buying

Largest holders of VSNT (13F)Largest holders of VSNT (13F)BlackRock$651MVanguard Portfolio Management LLC$305MVanguard Capital Management LLC$230MAQR Capital Management LLC$214MState Street$171MDodge & COX$161MGeode Capital Management, LLC$130MDimensional Fund Advisors LP$112MGoldman Sachs Group$101MAmerican Century Companies$80.6M
Funds' net buying of VSNT by quarter (13F)Funds' net buying of VSNT by quarter (13F)$28.6M2025-12$3.6B2026-03−$13.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on VSNT

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results

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中文版：Versant Media Group（VSNT）财报

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