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$VSNT

7 stories mentioning VSNTUpdated 37d ago

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Research

Research Alert: CFRA Maintains Sell Opinion On Shares Of Versant Media Group, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price at $35, applying an EV/EBITDA multiple of 3.4x to our 2026 estimate, a slight discount to peers. We lower our 2026 EPS estimate by $0.34 to $5.46 and trim 2027's by $0.34 to $7.67. VSNT experienced ongoing pressure on its Pay TV business, particularly affecting both linear distribution and advertising revenues. This was largely attributed to continued cord-cutting trends, which led to a 7% Y/Y decline in linear distribution revenue and a 5% Y/Y decrease in advertising revenue, although the advertising decline showed improvement compared to the prior year's drop. These trends were described as consistent with the prior trajectory and were partially mitigated by other growth areas but remain a headwind for the company's traditional TV business model.

$VSNT
Wire

Correction: Versant Media Q1 Earnings, Revenue Decline

(Corrects the quarter in the headline and first paragraph.)Versant Media (VSNT) reported Q1 earnings Thursday of $1.99 per diluted share, down from $2.55 a year earlier.Four analysts polled by FactSet expected $1.70.Revenue for the quarter ended March 31 was $1.69 billion, down from $1.71 billion a year earlier.Analysts surveyed by FactSet expected $1.62 billion.Shares of the company were up more than 15% in recent Thursday premarket activity.Price: $44.23, Change: $+3.79, Percent Change: +9.36%

$VSNT
Research

Research Alert: Versant Media Revenue Drops On Lower Ad Sales

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Versant Media Group reported first quarter results with revenues of $1.69B, down 1.1% Y/Y, and diluted EPS of $1.99 versus $2.55 in the prior year. The decline reflected continued challenges in linear operations, with distribution revenues falling 7.3% and ad revenues down 5.2%, partially offset by strong Platforms growth of 9.5%. When adjusted for estimated standalone operating costs, Adjusted EBITDA grew 4.8%, showing operational improvement despite headwinds. Management committed to shareholder returns with $100M in share buybacks and plans an additional $100M accelerated repurchase program. The company is launching several D2C products in 2026, including CNBC and MS NOW subscription services, targeting revenue diversification from 19% non-pay TV revenue in 2025 to 33% within three-to-five years. Tracking progress on this revenue mix shift and platform business performance against management's high single-digit organic growth targets will be key focus areas going forward.

$VSNT
Research

JPMorgan Initiates Versant Media at Neutral With $43 Price Target

Versant Media Group, Inc. Class A (VSNT) has an average rating of hold and mean price target of $40.83, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$VSNT
Wire

Market Chatter: Versant Media Group to Sell SportsEngine to PlayMetrics

Versant Media Group (VSNT) has agreed to sell SportsEngine to Genstar Capital-backed rival PlayMetrics, Bloomberg News reported Friday, citing people familiar with the matter.Terms were not immediately known, but Versant explored a sale last year that would have valued SportsEngine at between $400 million and $500 million, according to the report.A deal could be announced as early as Friday, Bloomberg said.Versant Media Group and PlayMetrics did not immediately respond to' request for comment.Shares of Versant Media Group were up 1.7% in Friday trading.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $40.87, Change: $+0.68, Percent Change: +1.69%

$VSNT
Wire

Versant Media Group to Sell SportsEngine to Genstar's PlayMetrics, Bloomberg Reports

Versant Media Group to Sell SportsEngine to Genstar's PlayMetrics, Bloomberg Reports

$VSNT
Research

Research Alert: CFRA Initiates Coverage On Shares Of Versant Media Group, Inc. With A Sell Opinion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We set our 12-month target at $35, applying an EV/EBITDA multiple of 3.1x to our 2026 estimate. We set our 2026 EPS estimate at $5.80 and 2027's at $8.01. Versant operates in highly competitive and rapidly evolving media and entertainment markets that are experiencing fundamental shifts in how audiences consume content. It faces intense competition across all aspects of its business, with competitors that have significant resources, greater efficiencies of scale, and fewer regulatory burdens increasingly challenging its market position. There is ongoing secular pressure in the pay TV sector, driven by cord cutting, which continues to erode linear distribution revenue and poses long-term risks for the business. The company acknowledged ratings declines, particularly impacting advertising revenue streams, and highlighted post-election normalization as a headwind for both advertising and overall revenue. It also mentioned that a softer theatrical slate negatively affected Fandango's performance.

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