Versant Media (VSNT) Faces Revenue Decline After Spin-Off

Versant Media Group, Inc. (NASDAQ:VSNT) ranks among the recent spin-off companies that hedge funds are piling into. Versant Media Group, Inc. (NASDAQ:VSNT) posted full-year 2025 revenues of $6.69 billion, a 5.3% decrease from $7.06 billion in 2024, as the company declared its first quarterly dividend and authorized a $1 billion share buyback.

The company’s attributable net income in 2025 came in at $930 million, a decrease of 31.8% from $1.36 billion in the previous year. Adjusted EBITDA also plummeted 14.5% to $2.43 billion, while Standalone Adjusted EBITDA, which includes costs for running independently, fell 9.1% to $2.18 billion.

Looking forward, Versant Media Group, Inc. intends to launch several significant projects in 2026, including a direct-to-consumer subscription service and an advertising-supported streaming platform. The company plans to boost its income mix from non-pay TV channels to 33% over three to five years, eventually reaching 50%.

Versant Media Group, Inc. is an American global media company that was spun off from Comcast on January 5, 2026. It is headquartered in New York City and operates a portfolio of cable networks and digital platforms.

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