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Versant Media Group vs Liberty Media: VSNT and FWONA compared
Versant Media Group is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.2B for Liberty Media (Q3 2026). Liberty Media is growing faster (+13% against -4% a year earlier). Liberty Media is more profitable, with an operating margin of 19.3% against 6.9%.
Where the money goes: VSNT and FWONA
Versant Media Group (VSNT) · Q3 2026
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 follows the revenue to costs, profit and cash.
Liberty Media (FWONA) · Q3 2026
Liberty Media, Q3 2026: revenue $1.2B (+13% year over year), operating margin 19.3%, net earnings $163M, operating cash flow $382M. The chart follows the revenue to costs, profit and cash.
| Versant Media Group (VSNT) | Liberty Media (FWONA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.6B | $1.2B |
| Revenue growth, Y/Y | -4% | +13% |
| Operating margin | 6.9% | 19.3% |
| Net earnings | $47.0M | $163M |
| Net margin | 2.9% | 13.3% |
| Operating cash flow | $346M | $382M |
| Free cash flow | $302M | $337M |
| Market value | $4.8B | $26.7B |
| P/E | 6.6× | 75.5× |
| Analysts’ mean target | $43.00 | $111.00 |
Where the revenue comes from
Versant Media Group
- Linear distribution: $935M (59%)
- Advertising: $373M (23%)
- Platforms: $245M (15%)
- Content licensing and other: $41.0M (3%)
Liberty Media
- Primary: $1.0B (84%)
- Other: $193M (16%)
Questions
Which is bigger, Versant Media Group or Liberty Media?
Versant Media Group is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.2B for Liberty Media (Q3 2026).
Is Versant Media Group or Liberty Media growing faster?
Liberty Media is growing faster (+13% against -4% a year earlier).
Which is more profitable, Versant Media Group or Liberty Media?
Liberty Media is more profitable, with an operating margin of 19.3% against 6.9%.
More: Versant Media Group earnings · how Versant Media Group makes money · Liberty Media earnings · how Liberty Media makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.