Versant net income drops 30.1% to $211 million in FY26 Q2; revenue falls 3.8% to $1.64 billion

Reuters2026/08/06 11:11

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Versant posted Q2 2026 revenue of $1.64 billion, down 3.8% from a year earlier; net income attributable to shareholders fell 30.1% to $211 million.
Adjusted EBITDA (non-GAAP) declined 8.9% to $624 million, while net cash from operations was $382 million; free cash flow (non-GAAP) totaled $350 million.
Linear distribution revenue dropped 6.3% to $954 million on subscriber declines, while advertising revenue edged down 0.6% to $423 million.
Platforms revenue rose 0.8% to $225 million, driven by higher revenue at Fandango and GolfNow; content licensing and other was flat at $43 million.
Versant raised its 2026 outlook to revenue of $6.2 billion-$6.45 billion; adjusted EBITDA (non-GAAP) of $1.9 billion-$2.05 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Versant Media Group Inc. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Versant net income drops 30.1% to $211 million in FY26 Q2; revenue falls 3.8% to $1.64 billion

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