Versant Media Group, Inc. — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Versant Media reported Q3 2026 revenue of $1,594M (down 4.2% YoY) and net income of $47M (down 41% YoY). Adjusted EBITDA was $353M (down 20.9% YoY). The company reaffirmed full-year 2026 revenue guidance of $6.2–6.45B and Adjusted EBITDA guidance of $1.90–2.05B, but raised Free Cash Flow outlook to exceed prior $1.0–1.2B range. Management completed a $100M accelerated share repurchase (ASR) in Q3 (≈2.6M shares) and announced a planned $100M additional ASR in Q4 2026. Declared Q4 dividend of $0.375/share. Linear distribution revenue fell 5.8% due to subscriber declines; Platforms revenue grew 9.6% (17.4% excluding divestitures/acquisitions).
Why this rating
Routine quarterly earnings with guidance reaffirmation. Q3 results show expected secular declines in linear/advertising, offset by Platforms growth. $200M total ASR program and dividend support capital allocation but are modest relative to $12.7B asset base (1.6%). No material M&A, material loss, or strategic inflection.
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