Versant Media Group Inc
investors.versantmedia.comWhat Do They Do?
Distributes television networks to multichannel video providers, and offers news, sports and entertainment programming and digital services for viewers, advertisers and subscribers.
10-K for FY2025, filed Mar 3, 2026Versant is a media and entertainment business that operates in four core markets: political news and opinion, business news and personal…View ↗
We produce, license and acquire content that we distribute through a variety of outlets, including our networks and digital platforms…View ↗
We generate revenue from the distribution of our television networks to traditional MVPDs, who offer video services over cable, fiber and…View ↗
How Do They Make Money?
Video providers pay monthly fees under multiyear agreements, generally based on subscribers and paid within 60 days. Advertisers generally pay within 30 days after ads air; digital platforms earn transaction fees, technology-service fees and subscriptions.
10-K for FY2025, filed Mar 3, 2026Monthly fees received under distribution agreements with multichannel video providers are generally under multiyear agreements with revenue…View ↗
We have determined that a contract exists for our advertising sales once all terms and conditions are agreed upon, typically when the…View ↗
End-consumers using our movie ticket and tee time platforms pay transaction-based fees. These fees are generally charged to customer credit…View ↗
Our technology solutions provide customers access to our cloud-based applications. Contracts for these and our agency services generally…View ↗
Subscription services are generally offered based on fixed amounts with monthly or annual terms. Subscription fees for the term are…View ↗
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10-K for FY2025, filed Mar 3, 2026
FY2025 revenue by product or service ↗
$6.7B
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10-K for FY2025, filed Mar 3, 2026
$6.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Linear distribution
Recurring
10-K for FY2025, filed Mar 3, 2026 |
61% |
Linear distribution, FY2025
$4.1B Sources
|
Recurring |
|
Advertising
Sold outright
10-K for FY2025, filed Mar 3, 2026 |
24% |
Advertising, FY2025
$1.6B Sources
|
Sold outright |
|
Platforms
Mix
|
12% |
Platforms, FY2025
$826M Sources
|
Mix |
|
Content licensing and other
Licensed
|
2.9% |
Content licensing and other, FY2025
$193M Sources
|
Licensed |
Who Are Their Customers?
Traditional and virtual multichannel video providers carry its networks. Consumers use GolfNow and Fandango for tee-time reservations and movie tickets, while golf courses, cinemas and youth sports organizations buy platform technology and related services.
10-K for FY2025, filed Mar 3, 2026We generate revenue from the distribution of our television networks to traditional MVPDs, who offer video services over cable, fiber and…View ↗
We generate revenue from services provided through our digital platforms. The GolfNow, Fandango and SportsEngine platforms facilitate…View ↗
We generate revenue from services provided through our digital platforms. Our platforms facilitate consumer transactions, including tee…View ↗
End-consumers using our movie ticket and tee time platforms pay transaction-based fees. These fees are generally charged to customer credit…View ↗
Our technology solutions provide customers access to our cloud-based applications. Contracts for these and our agency services generally…View ↗
10-K for FY2025, filed Mar 3, 2026
Our most significant accounts receivable balances relate to our linear distribution agreements with large multichannel video providers. As…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 28 cents into free cash flow.
10-K for FY2025, filed Mar 3, 2026
$1.3BView ↗
10-K for FY2025, filed Mar 3, 2026
$930MView ↗
10-K for FY2025, filed Mar 3, 2026
$1.9BView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 6, 2026
Completed the Full Swing acquisition
The deal adds Full Swing's sports technology platform to Versant's portfolio.
Sources
8-K, filed Aug 6, 2026
"Versant's brands once again demonstrated strength, durability and scale, reaching more than 120 million viewers each month during the…View ↗
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