Versant will acquire Full Swing for approximately $530 million in cash. Full Swing adds to Versant's golf assets, which already include Golf Channel, GolfNow and GolfPass.
As big media companies work through the next costly and competitive contract cycle with the NFL, it leaves room for newly independent Versant to nab rights to other leagues as they come up, said CEO Mark Lazarus on a Versant earnings call Thursday.
Shares of Versant Media Group rose around 10% on Thursday, following its first quarter earnings report to investors.
Versant Media Group, Inc. (VSNT) Q1 2026 Earnings Call Transcript
Versant NASDAQ: VSNT Media Group reported a modest revenue decline in its first quarter as an independent company, while management pointed to stronger profitability, growth in digital and platform businesses, and continued investment in direct-to-consumer offerings as key priorities for 2026.
Versant (VSNT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Versant Media Group ( NASDAQ:VSNT ) spun out of Comcast just two months ago, and CEO Mark Lazarus is already making his biggest bet on a brand that most people associate with TV personalities shouting about stocks.
Versant Media Group, Inc. (VSNT) Presents at Deutsche Bank 34th Annual Media, Internet & Telecom Conference Transcript
Versant Media Group trades at a low P/E of 5.3, offering potential upside amid industry disruption. PSKY's likely acquisition of WBD could shift CNN and CBS coverage, benefiting VSNT's MS NOW and CNBC by attracting anti-Trump viewers. VSNT's acquisition of Free TV Networks positions it to capitalize on the growth of free ad-supported streaming and over-the-air digital networks.
Versant Media Group, Inc. (VSNT) Q4 2025 Earnings Call Transcript
Versant Media Group said profit and revenue fell in 2025, hurt by lower revenue across its linear distribution, advertising and content-licensing businesses.
Newly minted Versant Media saw net profit fall 32% last year to $930 million on a 5.4% dip in revenue to about $7 billion in 2025. Its first set of financials were were reported as if it had separated from Comcast for the full year.