VSNT

Versant Media Group, Inc.

Ticker: VSNTCommunication ServicesCommunications
HQ PHILADELPHIA, PACIK 2067876FY end 12-31
Revenue (FY)
$6.69B
Op. margin
19.02%
Net income
$931.00M
Operating cash
$2.02B
Free cash flow
$1.85B
Return on equity
9.04%
Debt / equity
0.10
Shares outstanding

The business

Versant Media Group, Inc. (Nasdaq: VSNT) is a media and entertainment company that operates through a portfolio of television networks, digital platforms, and content licensing businesses serving four core markets: political news and opinion, business news and personal finance, golf and athletics participation, and sports and genre entertainment. The company's website is www.versantmedia.com.

Versant's television network portfolio includes MS NOW, which features politics and news programming across multiple platforms; CNBC, offering business and personal finance news with real-time market coverage; USA Network, featuring sports and entertainment programming including WWE, NASCAR, Premier League soccer, and the WNBA; Golf Channel, providing live golf content and related programming; E!, a pop culture network; SYFY, focused on science fiction and fantasy content; and Oxygen True Crime, featuring true crime programming. The company also operates digital platforms including GolfNow, an online tee time marketplace serving approximately 9,000 golf courses worldwide and providing golf course management technology; Fandango, an online movie ticketing and information platform serving over 30,000 U.S. screens; Rotten Tomatoes, a movie and television review aggregator; and SportsEngine, a digital platform for youth sports league management.

The company generates revenue through multiple streams: linear distribution fees from traditional and virtual multichannel video programming distributors, advertising sales across its networks and digital platforms, transaction-based revenue from its digital platforms, and content licensing to third parties. As of December 31, 2025, Versant employed approximately 4,400 full-time and part-time employees on a full-time equivalent basis, with approximately 9.5 percent located outside the United States.

Versant was incorporated in Pennsylvania in May 2025 and separated from Comcast Corporation on January 2, 2026, becoming an independent publicly traded company. The company's Class A common stock began trading on Nasdaq on January 5, 2026. The separation included substantial indebtedness and ongoing commercial and service arrangements with Comcast, including advertising sales support for approximately two years following the separation.

Sector
Communication Services
Industry
Communications
HQ
PHILADELPHIA, PA
FY end
12-31
CIK
2067876
SIC
4833
Financial performance · annual
20252025
$-668.80M$1.34B$3.34B$5.35B$7.36B2025

Ownership

Who holds Versant Media Group, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q1 · 13F 2026-03-31

459
funds hold it
2 of 36
superinvestors hold it
$1.74B
fund-held value
34.9%
of shares held by funds
1
bond issues held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.35%$323.21M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$168.29M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.07%$123.05M
Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
0.10%$111.68M
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.13%$78.36M

Superinvestors in Versant Media Group, Inc.

David EinhornNEW
DME Capital Management (Greenlight)
3.5%
Tweedy BrowneNEW
Tweedy, Browne
0.1%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 1 issues of Versant Media Group, Inc.'s debt, $402.89M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 7.25%, maturing 20312031.

IssueCouponMaturesFundsFund-held
VSNT 7.25 01/30/31 144A7.250%2031-01-30208$402.89M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of statements, narrative and filings — queryable over MCP.

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15 years of Versant Media Group, Inc.'s financials

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