Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Versant Media Group, Inc.
Next earnings ≈ Aug 13, 2026 · est. from filing cadence
Last earnings +9.9% on 2026-05-14
Newly spun-off cable-network cash cow (CNBC, MSNBC, golf) — strong free cash flow but a structurally declining linear-TV core.
Sources: SEC EDGAR (CIK 0002067876, latest 10-Q filed 2026-05-14) · EODHD · analysis by claude-code · as of 6/21/2026, 8:58:58 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Versant Media is the cable-networks business (political/business news, golf/athletics, genre entertainment — including CNBC, MSNBC, GolfNow, Fandango, SportsEngine) spun out of Comcast on January 2, 2026, now trading on Nasdaq. The franchise still throws off enormous cash: FY2025 operating cash flow was $2.02B and Adjusted EBITDA $2.42B on $6.69B of revenue, with a 19.0% operating margin. As a standalone, it is the classic 'managed decline' media asset — highly profitable today, but with a shrinking core.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $7.45B | $7.06B | $6.69B |
| Gross profit | — | — | — |
| Operating income | $2.07B | $1.84B | $1.27B |
| Net income | $1.54B | $1.36B | $930M |
| Diluted EPS | — | — | — |
| Net margin | 20.7% | 19.3% | 13.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
| 2026-05-02 | Fasbender Jordan General Counsel & Corp. Sec. | Tax | 3.72K @ $40.83 | $152K |
| 2026-04-03 | Wright Gregory Michael Chief Accounting Officer | Tax | 495.00 @ $37.43 | $18.5K |
| 2026-03-13 | Potter Leonard Director | Buy | 2.50K @ $37.65 | $94.1K |
| 2026-03-12 | Potter Leonard Director | Buy | 5.00K @ $37.88 | $189K |
| 2026-03-11 | Potter Leonard Director | Buy | 3.00K @ $38.34 | $115K |
| 2026-03-10 | Potter Leonard Director | Buy | 3.00K @ $37.31 | $112K |
| 2026-03-09 | Conway Michael Aaron Director | Buy | 1.35K @ $36.14 | $48.8K |
| 2026-03-09 | HASSELL GERALD L Director | Buy | 10.0K @ $36.07 | $361K |
| 2026-03-05 | NOVAK DAVID C Director | Buy | 143K @ $36.85 | $5.27M |
| 2026-03-05 | Lazarus Mark H Chief Executive Officer | Award | 204K | |
| 2026-03-05 | Kini Anand CFO and COO | Award | 109K |