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How Versant Media Group (VSNT) makes money
Versant Media Group (VSNT) made $1.6B of revenue in the third quarter 2026 (Q3 2026), -4% from a year earlier. Linear distribution brought in $935M (59%); Advertising brought in $373M (23%); Platforms brought in $245M (15%). Of every dollar of revenue, 7¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Linear distribution | $935M | 58.7% | -2% | -6% |
| Advertising | $373M | 23.4% | -12% | -5% |
| Platforms | $245M | 15.4% | +9% | +9% |
| Content licensing and other | $41.0M | 2.6% | -5% | -24% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.6B | 100.0% |
| Operating profit | $110M | 6.9% |
| Income tax | $19.0M | 1.2% |
| Net earnings | $47.0M | 2.9% |
| Operating cash flow | $346M | 21.7% |
| Free cash flow | $302M | 18.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.6B | -4% |
| Q2 2026 | $1.6B | -4% |
| Q1 2026 | $1.7B | -1% |
| Q4 2025 | $1.6B | — |
From Versant Media Group's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Versant Media Group make money?
Versant Media Group (VSNT) made $1.6B of revenue in the third quarter 2026 (Q3 2026), -4% from a year earlier. Linear distribution brought in $935M (59%); Advertising brought in $373M (23%); Platforms brought in $245M (15%). Of every dollar of revenue, 7¢ was left as operating profit, 3¢ was left as net earnings.
What is Versant Media Group's biggest business?
Linear distribution: $935M in the third quarter 2026, 59% of revenue, -6% from a year earlier.
What is Versant Media Group's profit margin?
Net earnings were $47.0M, 2.9% of revenue, in the third quarter 2026; the operating margin was 6.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.