Versant net income drops 30.1% to $211 million in FY26 Q2; revenue falls 3.8% to $1.64 billion - VSNT News | RalliesVersant net income drops 30.1% to $211 million in FY26 Q2; revenue falls 3.8% to $1.64 billion
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VSNT• Segment performance
- Linear distribution revenue dropped 6.3% to $954 million on subscriber declines, while advertising revenue edged down 0.6% to $423 million.
- Platforms revenue rose 0.8% to $225 million, driven by higher revenue at Fandango and GolfNow; content licensing and other was flat at $43 million.
Full-year outlook raised
- Versant raised its 2026 outlook to revenue of $6.2 billion-$6.45 billion; adjusted EBITDA (non-GAAP) of $1.9 billion-$2.05 billion.
Q2 revenue and profit decline
- Versant posted Q2 2026 revenue of $1.64 billion, down 3.8% from a year earlier; net income attributable to shareholders fell 30.1% to $211 million.
- Adjusted EBITDA (non-GAAP) declined to , while net cash from operations was ; free cash flow (non-GAAP) totaled .
8.9%
$624 million
$382 million
$350 million
