Versant's first standalone quarter: revenue -4% to $1.64B, net income -30% to $211.0M on $211.0M debt

Filed August 6, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  Net income fell 30% to $211M in Q2 2026 while revenue declined 4% to $1.64B, as the newly-separated company incurred $52M in interest expense on $3B of debt issued to fund a $2.25B cash payment to Comcast at separation.

  Notes: Separation from Comcast verify on EDGAR →
• high

  Linear distribution revenue declined 6% to $954M in Q2 2026 on continued subscriber losses at MVPDs, partially offset by contractual rate increases; management expects ongoing declines.

  MD&A: Linear distribution revenue decline verify on EDGAR →
• high

  Repurchased $200M of Class A common stock in H1 2026 under a $1.0B buyback program, including a $100M accelerated share repurchase completed in Q2; $800M remains authorized.

  Notes: Share repurchase program verify on EDGAR →