secwatch.observer — SEC 8-K summary
======================================

Issuer:     Versant Media Group, Inc. (VSNT)
CIK:        0002067876
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0002067876-26-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Versant Media FY2025 revenue $6.69B, net income $930M; $0.375 dividend, $1B buyback
--------------------------------------------------------------------------------

- FY2025 revenue of $6.69B (down 5% vs $7.06B in 2024); net income attributable to Versant $930M.
- Adjusted EBITDA $2.42B; Standalone Adjusted EBITDA $2.18B (33% margin).
- Quarterly cash dividend of $0.375 per share declared; board authorized $1B share repurchase.
- Linear distribution revenue $4.09B, advertising $1.58B, platforms $826M, content licensing $193M.
- CEO Mark Lazarus cites strong momentum as standalone company; separation from Comcast completed Jan 2, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067876/000206787626000007/0002067876-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067876/000206787626000007/vsnt-20260303.htm
  HTML page:      https://secwatch.observer/filing/0002067876-26-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer