Versant Media Q2 Revenue Misses, But Full-Year Guidance Raised; $100M Buyback Completed, $530M Full Swing Acquisition Closed
VSNT sits 41% above its 52-week low of $27.17 on elevated volume (2.5× avg).
Summary
Versant Media reported Q2 revenue of $1.64B (down 3.8% YoY) but raised full-year guidance. It completed a $100M buyback, declared a $0.375 dividend, and closed the $530M Full Swing acquisition.
Key Events · Earnings and Guidance · VSNT
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Q2 Revenue Miss, Full-Year Guidance Raised
Revenue of $1.644B missed estimates, down 3.8% YoY, but management raised full-year 2026 revenue and EBITDA guidance, citing improved trends and new sports rights.
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$100M Accelerated Share Repurchase Completed
Versant completed a $100M ASR during Q2, repurchasing 2.4M shares at an average price of $42.11. $800M remains under the $1B buyback program, with another $100M ASR expected in Q3.
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$530M Full Swing Acquisition Closed Post-Quarter
On August 3, 2026, Versant acquired Full Swing, a sports technology company, for $530M in cash, expanding into interactive sports tech and adding to goodwill.
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SportsEngine Divestiture Drags on Earnings
The sale of SportsEngine resulted in a $39M pre-tax loss and $31M in tax expense, increasing the effective tax rate by 4.3% for H1 2026 and reducing net income.
Analysis · VSNT · Technology
Second-quarter revenue fell 3.8% to $1.64 billion, missing estimates, yet the company raised its full-year 2026 revenue and EBITDA guidance—a signal of confidence in the back half. Net income dropped 30% to $211 million, pressured by higher standalone costs and a $31 million tax hit from the SportsEngine divestiture. Returning capital to shareholders, the company completed a $100 million accelerated share repurchase and declared a $0.375 dividend. The subsequent acquisition of Full Swing for $530 million in cash diversifies into sports technology, though it adds to debt. Together, the guidance raise and aggressive buybacks offset the top-line miss and position the company for a stronger second half.
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At the time of this filing, VSNT was trading at $38.22 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $27.17 to $59.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.