| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 96 | 7.0x | 17.8x | Top tier | |
Growth | 14 | -1.3% | 7.1% | Bottom tier | |
Quality | 76 | 8.8% | 4.5% | Top tier | |
Safety | 78 | 0.7x | 2.6x | Top tier | |
Capital Return | 9 | — | 2.12% | Bottom tier | |
Momentum | 74 | — | 2.9% | Top tier | |
Sentiment | 45 | 4 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Versant Media Group operates a media portfolio spanning news, business, sports, entertainment, and digital platforms. Its brands include CNBC, MS NOW, USA Network, and Golf Channel, while Fandango generates revenue from movie tickets, content purchases and rentals, and free ad-supported streaming, and GolfNow generates income from golf bookings, payments, and GolfPass subscriptions. On August 6, 2026, management said its television networks reach more than 120 million viewers monthly and that approximately 60% of its audience engages with news, sports, and live-event content.
In fiscal Q2 2026, revenue was $1.64 billion, down 4% year over year, or 3% excluding the impact of the SportsEngine sale. Linear distribution revenue was $954 million, or approximately 58% of the total; advertising was $423 million, or approximately 26%; platforms were $225 million, or approximately 14%; and content licensing and other revenue was $43 million. Linear distribution declined 6% due to subscriber losses, while advertising declined only 0.6%, and platforms grew 9% excluding SportsEngine.
The company reported fiscal Q2 2026 net income of $211 million and earnings per share of $1.49, equivalent to a net income margin of approximately 12.9%. Adjusted earnings before interest, taxes, depreciation, and amortization were $624 million, up 3%, equivalent to a margin of approximately 38%, with programming and production costs down 9% and selling, general, and administrative expenses down 8%. By comparison, fiscal Q1 2026 revenue was approximately $1.7 billion, net income was $286 million, and earnings per share were $1.99, while trailing 12-month data classified under fiscal 2026 showed revenue of $6.7 billion and net income of $1.2 billion.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on VSNT is neutral, with an average target of $44 and a narrow range of $42 to $46. The average target is approximately 25% below the 52-week range high of $59, but approximately 62% above the range low of $27.17. This valuation reflects a balance between an adjusted earnings margin near 38% and strong cash flow on one hand, and declining linear distribution and the expectation of no adjusted earnings growth in the second half of fiscal 2026 on the other.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
In fiscal Q2 2026, $954 million came from linear distribution and $423 million from advertising. Platforms added $225 million from businesses including Fandango and GolfNow, while content licensing and other revenue totaled $43 million. The ecosystem also relies on the CNBC, MS NOW, USA Network, and Golf Channel brands to attract viewers, advertisers, and distribution partners.
Fiscal Q2 2026 revenue declined 4% to $1.64 billion, mainly as linear distribution fell 6% due to subscriber losses. In contrast, Versant reduced programming and production costs by 9% to $522 million and selling, general, and administrative expenses by 8% to $369 million. This helped adjusted earnings before interest, taxes, depreciation, and amortization rise 3% to $624 million, despite net income declining to $211 million.
Platform revenue grew 9% excluding SportsEngine to reach $225 million in fiscal Q2 2026, supported by Fandango and GolfNow. During July 2026, the company launched Fandango's free ad-supported service and also announced a five-year Bundesliga agreement covering more than 300 matches annually. On August 6, 2026, management presented Full Swing as an extension of the Golf Channel, GolfNow, and GolfPass ecosystem into simulators, software, and performance data.
On August 6, 2026, management raised its expected fiscal 2026 revenue range to $6.20–$6.45 billion from $6.15–$6.40 billion. It also raised its adjusted earnings before interest, taxes, depreciation, and amortization range to $1.90–$2.05 billion from $1.85–$2.00 billion. It maintained free cash flow guidance at $1.0–$1.2 billion, while expecting second-half fiscal 2026 cash flow to be lower than in the first half due to capital expenditures and the timing of working capital.
Versant said on August 6, 2026 that Full Swing adds immersive simulation, launch monitors, virtual greens, software, and performance data to its golf business. Management sees an opportunity to sell these products through the Golf Channel audience, GolfNow's commercial relationships, and the GolfPass base, and described the targeted synergies as revenue synergies rather than merely cost reductions. The opportunity is based on 38 million off-course golfers in the United States and growth of more than 150% in simulator users since 2019.
Linear distribution represents approximately 58% of fiscal Q2 2026 revenue and declined 6% amid subscriber losses, making the shift away from pay television the primary risk. Management also expects higher sports rights costs and no year-over-year adjusted earnings growth in fiscal Q3 and Q4 2026. Fandango faces competition from free ad-supported streaming platforms, while the MS NOW and CNBC offerings and the Full Swing acquisition require spending and successful execution to convert the digital audience into sustainable revenue.
