Versant debuts as standalone: revenue -1%, net income -22%, executes $100M buyback in Q1

Filed May 14, 2026 · Period ending March 31, 2026 · ~2 min read

Key Changes

• high

  First quarter as independent company: revenue $1.69B (-1% YoY), net income $286M (-22%), Adjusted EBITDA $704M (-7%). Carries $2.95B debt from Separation, incurring $52M quarterly interest expense.

  MD&A: Q1 2026 Results verify on EDGAR →
• high

  Linear distribution revenue fell 7.3% to $1.01B on continued MVPD subscriber losses; advertising revenue down 5.2% to $368M on ratings declines. Company expects both trends to persist as audiences shift to streaming.

  MD&A: Revenue Trends verify on EDGAR →
• high

  Repurchased $100M of stock under new $1B buyback program authorized March 3, 2026; $900M remains available. Announced additional $100M accelerated repurchase starting May 15, 2026.

  MD&A: Capital Allocation verify on EDGAR →