Filing Flows › Versant Media Group (VSNT) › Q3 2026 › vs Q3 2025
Versant Media Group (VSNT) Q3 2026 vs Q3 2025 (year over year)
Versant Media Group's revenue fell $69.0M (-4%) from $1.7B in Q3 2025 to $1.6B in Q3 2026. The biggest changes: Linear distribution −$57.0M (-6%); Advertising −$21.0M (-5%); Platforms +$21.0M (+9%). Operating margin 6.9% against 9.9% (-3.0 pts).
Versant Media Group, Q3 2026: revenue $1.6B (-4% year over year), operating margin 6.9%, net earnings $47.0M, operating cash flow $346M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.9% | 9.9% | -3.0 pts |
| Net margin | 2.9% | 4.8% | -1.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Linear distribution | $935M | $992M | −$57.0M | -6% |
| Advertising | $373M | $394M | −$21.0M | -5% |
| Platforms | $245M | $224M | $21.0M | +9% |
| Content licensing and other | $41.0M | $54.0M | −$13.0M | -24% |
| Revenue | $1.6B | $1.7B | −$69.0M | -4% |
| Operating profit | $110M | $164M | −$54.0M | -33% |
| Costs & expenses | $1.5B | $1.5B | −$15.0M | -1% |
| Pre-tax earnings | $66.0M | $124M | −$58.0M | -47% |
| Other expense, net | $44.0M | $40.0M | $4.0M | +10% |
| Cost of revenue | $879M | $873M | $6.0M | +0.7% |
| SG&A | $362M | $372M | −$10.0M | -3% |
| Other operating costs | $243M | $254M | −$11.0M | -4% |
| Net earnings | $47.0M | $79.0M | −$32.0M | -41% |
| Income tax | $19.0M | $45.0M | −$26.0M | -58% |
| Share-based compensation | $16.0M | $7.0M | $9.0M | +129% |
| Working capital & other | $283M | $347M | −$64.0M | -18% |
| Operating cash flow | $346M | $433M | −$87.0M | -20% |
Questions
How much did Versant Media Group's revenue grow year over year in Q3 2026?
Versant Media Group's revenue fell $69.0M (-4%) from $1.7B in Q3 2025 to $1.6B in Q3 2026.
What drove Versant Media Group's revenue change in Q3 2026?
Linear distribution −$57.0M (-6%); Advertising −$21.0M (-5%); Platforms +$21.0M (+9%).