Versant Q1 2026: Digital Growth Offsets Pay-TV Slump
TL;DR
Versant Media, the NBCUniversal spinout behind CNBC, posted Q1 2026 results with revenue of $1.69 billion, down ~1% as linear pay-TV and advertising declined, while licensing surged 113.5% and platforms revenue rose 9.5%; net income fell 22% to $286 million, but adjusted EBITDA was up about 5% on a standalone basis. The company also raised its dividend to 37.5 cents per share and announced a $100 million accelerated share repurchase as it continues to rebalance away from traditional pay TV in its first quarter as an independent company.
- Versant reports first-quarter revenue decline, with bright spots in platforms and licensing CNBC
- Versant Revenue Slides on Lower Subscriber Numbers and Ad Sales WSJ
- Versant Media Group, Inc. Q1 2026 earnings preview MSN
- Versant lines up $100M ASR after $100M Q1 buyback, $0.375 dividend Stock Titan
- Versant Media Group (VSNT) Earnings Preview: EPS Seen at $0.97 Meyka
Want the full story? Read the original reporting
Read on CNBC