I need to note that the filing content is cut off mid-way through the cash flow statement. I'll work with what is available and omit any facts I cannot confirm.

Versant Media Group, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 3, 2026, disclosing third-quarter revenue of $1,594 million and net income attributable to Versant of $47 million.

Key Highlights

  • Q3 2026 revenue: $1,594 million, compared with $1,663 million in Q3 2025, according to the filing.
  • Q3 2026 net income attributable to Versant: $47 million, down from $80 million in Q3 2025.
  • Nine-month 2026 revenue: $4,925 million, compared with $5,078 million for the nine months ended September 30, 2025.
  • Nine-month 2026 net income attributable to Versant: $544 million, versus $749 million for the same period in 2025.
  • Diluted EPS (Q3 2026): $0.34 per common share, compared with $0.56 in Q3 2025.
  • Shares outstanding (as of October 20, 2026): 136,314,906 shares of Class A common stock and 377,775 shares of Class B common stock, as reported in the filing.
  • Q3 2026 interest expense: $53 million, compared with $0 in Q3 2025, the filing disclosed.

Versant Media Group Reports Lower Q3 and Nine-Month 2026 Results Following Comcast Separation

Versant Media Group, Inc. (NASDAQ:VSNT), a Pennsylvania-incorporated media company headquartered at 229 West 43rd Street, New York, NY, filed its Form 10-Q for the quarterly period ended September 30, 2026. The filing covers the company's condensed consolidated and combined financial statements and reflects its status as a standalone public company following its separation from Comcast Corporation, which the filing references as a relevant risk factor.

According to the filing, total revenue for the three months ended September 30, 2026 was $1,594 million, a decrease from $1,663 million in the comparable prior-year period. Total costs and expenses for Q3 2026 were $1,483 million, resulting in operating income of $110 million, compared with operating income of $164 million in Q3 2025. The filing noted that interest expense of $53 million was recorded in Q3 2026, with no comparable interest expense reported in Q3 2025. Net income attributable to Versant for Q3 2026 was $47 million, with basic and diluted earnings per share each reported at $0.34.

For the nine months ended September 30, 2026, the filing reported revenue of $4,925 million versus $5,078 million for the same period of 2025, and net income attributable to Versant of $544 million versus $749 million. The filing also disclosed that the 2025 figures included related party revenues of $757 million and related party costs of revenue of $969 million for the nine-month period, reflecting the company's prior relationship with Comcast. Comprehensive income attributable to Versant for the nine months ended September 30, 2026 was $567 million, which included gains on cash flow hedges of $24 million net of taxes of $8 million, as reported in the filing. The company identified itself as a non-accelerated filer in the filing.

What Was Disclosed

Versant Media Group disclosed its unaudited financial results for Q3 2026 and the nine months ended September 30, 2026, including revenue, operating income, net income, earnings per share, comprehensive income, and share counts as of October 20, 2026.