Versant Media Group Inc. (VSNT) financial statements: income statement, balance sheet and cash flow
Versant Media Group Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Versant Media Group Inc. reported revenue of $6.7B and net income of $931.0M.
Income statement
Versant Media Group Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Revenue
$6.7B
Costs of revenue (exclusive of depreciation and amortization)
$2.9B
Selling, general and administrative
$1.5B
Depreciation and amortization
$1.0B
Total costs and expenses
$5.4B
Operating income
$1.3B
Interest expense
($13.0M)
Investment and other (loss) income, net
($31.0M)
Income before income taxes
$1.2B
Income tax expense
($297.0M)
Net income
$931.0M
Less: Net income attributable to noncontrolling interests
$1.0M
Net income attributable to Versant
$930.0M
Versant Media Group Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Revenue
$1.6B
$1.7B
Costs of revenue (exclusive of depreciation and amortization)
$650.0M
$638.0M
Selling, general and administrative
$369.0M
$351.0M
Depreciation and amortization
$258.0M
$256.0M
Total costs and expenses
$1.3B
$1.2B
Operating income
$367.0M
$442.0M
Interest expense
($52.0M)
($52.0M)
Investment and other income (loss), net
$9.0M
$8.0M
Income before income taxes
$323.0M
$398.0M
Income tax expense
($112.0M)
($112.0M)
Net income
$211.0M
$286.0M
Less: Net income attributable to noncontrolling interests
$0
$0
Net income attributable to Versant
$211.0M
$286.0M
Basic earnings per common share attributable to Versant shareholders (in dollars per share)
$1.50
$1.99
Diluted earnings per common share attributable to Versant shareholders (in dollars per share)
$1.49
$1.99
Balance sheet
Versant Media Group Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Cash and cash equivalents
$55.0M
Restricted cash
$1.0B
Receivables, net
$1.2B
Assets held for sale
$196.0M
Other current assets
$66.0M
Total current assets
$2.5B
Content costs
$539.0M
Investments
$214.0M
Property and equipment, net
$423.0M
Intangible assets, net
$924.0M
Goodwill
$7.6B
Other noncurrent assets, net
$120.0M
Total assets
$12.3B
Accounts payable
$151.0M
Deferred revenue
$163.0M
Accrued content obligations
$105.0M
Accrued employee costs
$62.0M
Accrued expenses and other current liabilities
$141.0M
Total current liabilities
$622.0M
Deferred income taxes
$191.0M
Noncurrent content obligations
$72.0M
Long-term debt
$983.0M
Other noncurrent liabilities
$63.0M
Net Comcast investment
$10.3B
Accumulated other comprehensive loss
($7.0M)
Total Comcast equity
$10.3B
Noncontrolling interests
$110.0M
Total equity
$10.4B
Total liabilities and equity
$12.3B
Versant Media Group Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Cash and cash equivalents
$1.5B
$1.2B
Restricted cash
$0
$0
Receivables, net
$1.3B
$1.2B
Assets held for sale
$0
$181.0M
Other current assets
$133.0M
$82.0M
Total current assets
$2.9B
$2.6B
Content costs
$587.0M
$584.0M
Investments
$248.0M
$241.0M
Property and equipment, net of accumulated depreciation of $632 million and $615 million
$441.0M
$424.0M
Intangible assets, net of accumulated amortization of $9,163 million and $8,848 million
$499.0M
$713.0M
Goodwill
$7.8B
$7.7B
Other noncurrent assets, net
$224.0M
$187.0M
Total assets
$12.7B
$12.5B
Accounts payable
$268.0M
$283.0M
Deferred revenue
$83.0M
$77.0M
Accrued content obligations
$245.0M
$180.0M
Accrued employee costs
$100.0M
$84.0M
Current portion of long-term debt
$113.0M
$83.0M
Accrued expenses and other current liabilities
$425.0M
$434.0M
Total current liabilities
$1.2B
$1.1B
Deferred income taxes
$110.0M
$115.0M
Noncurrent content obligations
$68.0M
$74.0M
Long-term debt
$2.8B
$2.9B
Other noncurrent liabilities
$263.0M
$163.0M
Preferred stock, no par value — authorized 20 million shares; none issued as of June 30, 2026
0
0
Common stock
$1.0M
$1.0M
Additional paid-in capital
$7.7B
$7.8B
Retained earnings
$388.0M
$231.0M
Net Comcast investment
$0
$0
Accumulated other comprehensive income (loss)
$1.0M
($4.0M)
Total equity attributable to Versant
$8.1B
$8.0B
Noncontrolling interests
$111.0M
$110.0M
Total equity
$8.2B
$8.1B
Total liabilities and equity
$12.7B
$12.5B
Cash flow statement
Versant Media Group Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Net income
$931.0M
Depreciation and amortization
$1.0B
Share-based compensation
$29.0M
Net loss on investment activity and other
$41.0M
Deferred income taxes
($139.0M)
Current and noncurrent receivables, net
$84.0M
Content costs, net
$99.0M
Accounts payable
$25.0M
Other operating assets and liabilities
($58.0M)
Net cash provided by operating activities
$2.0B
Capital expenditures
($167.0M)
Acquisition, net of cash acquired
($24.0M)
Other
$36.0M
Net cash used in investing activities
($155.0M)
Proceeds from borrowings
$986.0M
Change in net Comcast investment
($1.7B)
Other
($23.0M)
Net cash used in financing activities
($782.0M)
Increase (decrease) in cash, cash equivalents and restricted cash
$1.1B
Cash and cash equivalents, beginning of year
$8.0M
Cash and cash equivalents and restricted cash, end of year
$1.1B
Versant Media Group Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Net income
$497.0M
$286.0M
Depreciation and amortization
$514.0M
$256.0M
Share-based compensation
$33.0M
$17.0M
Noncash interest expense
$5.0M
$3.0M
Net loss on investment activity and other
$2.0M
—
Deferred income taxes
($110.0M)
($103.0M)
Current and noncurrent receivables, net
($523.0M)
($391.0M)
Content costs, net
$68.0M
$70.0M
Accounts payable
$105.0M
$127.0M
Other operating assets and liabilities
$376.0M
$320.0M
Net cash provided by operating activities
$967.0M
$585.0M
Capital expenditures
($59.0M)
($27.0M)
Acquisitions of businesses and investments
($199.0M)
($145.0M)
Proceeds from sale of business
$140.0M
—
Other
$0
$0
Net cash used in investing activities
($119.0M)
($172.0M)
Proceeds from borrowings
$2.0B
$2.0B
Repurchases of common stock under repurchase program and employee plans
($200.0M)
($100.0M)
Dividends paid
($53.0M)
—
Net transfers to Comcast
($2.3B)
($2.3B)
Settlement payment from NBCUniversal
$70.0M
$70.0M
Other
($2.0M)
($2.0M)
Net cash used in financing activities
($462.0M)
($309.0M)
Increase (decrease) in cash, cash equivalents and restricted cash
$386.0M
$104.0M
Cash and cash equivalents and restricted cash, beginning of year