Versant Media Lifts 2026 Outlook After Q2 Earnings Beat, Digital Momentum
VSNT sits 41% above its 52-week low of $27.17.
Summary
Versant Media raised its full-year 2026 revenue and EBITDA guidance after second-quarter results topped estimates. Revenue of $1.64B beat the $1.62B consensus, and adjusted EPS of $1.49 exceeded the $1.35 estimate. The company now expects 2026 revenue of $6.2B-$6.45B and adjusted EBITDA of $1.9B-$2.05B, reflecting strength in digital brands like Fandango and GolfNow. This follows the Q1 beat and the recent Full Swing acquisition, which closed this week. The company also completed carriage deals with two major distributors and plans a new $100M accelerated buyback, signaling confidence in the outlook. The raised outlook is attributed to strong second-quarter viewership.
At the time of this announcement, VSNT was trading at $38.18 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $27.17 to $59.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.