Versant Media Reports Third Quarter 2026 Operating and Financial Results
Key Highlights
- ➤Revenue $1.594 billion, down 4.2% year over year
- ➤Adjusted EBITDA $353 million, down 20.9% year over year
- ➤Platforms revenue grew 9.6%, or 17.4% excluding SportsEngine and Full Swing
- ➤2026 revenue and Adjusted EBITDA outlook reaffirmed; Free Cash Flow expected above $1.0-$1.2 billion
- ➤Versant completed $100 million ASR and plans another $100 million in fourth-quarter 2026
Expert Statements
Mark Lazarus, Chief Executive Officer of Versant Media Group
“Versant’s momentum continues, with audience growth and the completion of all planned pay television distribution renewals for the year, underscoring the value and enduring appeal of our brands.”
Mark Lazarus, Chief Executive Officer of Versant Media Group
“In the third quarter, we advanced Fandango’s evolution into a comprehensive entertainment platform, integrated Full Swing into our golf ecosystem, and launched MS NOW Membership to connect directly with our audiences.”
Mark Lazarus, Chief Executive Officer of Versant Media Group
“We’re building deeper consumer relationships, expanding our reach and creating new opportunities for growth and monetization across our four core markets.”
Anand Kini, Chief Financial Officer and Chief Operating Officer of Versant Media Group
“Our third quarter performance demonstrates the financial discipline and flexibility that underpins Versant’s strategy.”
Anand Kini, Chief Financial Officer and Chief Operating Officer of Versant Media Group
“We delivered strong Platforms revenue, continued operating efficiencies and significant cash flow.”
Anand Kini, Chief Financial Officer and Chief Operating Officer of Versant Media Group
“Looking ahead, we are reaffirming our full-year revenue and Adjusted EBITDA(1) outlook, and we expect Free Cash Flow(1) to exceed our prior $1.0 to $1.2 billion forecast.”
Anand Kini, Chief Financial Officer and Chief Operating Officer of Versant Media Group
“We believe that our ability to invest in growth, maintain a healthy balance sheet, and return capital to shareholders is a distinct advantage.”
Anand Kini, Chief Financial Officer and Chief Operating Officer of Versant Media Group
“With $457 million already returned to shareholders to date, this morning’s announcement of an additional planned $100 million ASR, along with the declaration of our quarterly dividend, underscores our commitment to delivering shareholder value.”
Versant Media Reports Third Quarter 2026 Operating and Financial Results
Completed $100 Million Accelerated Share Repurchase (ASR) Transaction
Get started
Create a free account to read the full story.