Versant Media Q2 revenue $1.64B, net income $211M, declares $0.375 dividend, $100M ASR

Versant Media Group, Inc.

Revenue $1.64B, down 3.8% YoY; net income $211M, down 30.1% YoY.
Adjusted EBITDA $624M, down 8.9% YoY; standalone Adj. EBITDA $606M, up 3.0%.
Declared Q3 cash dividend of $0.375 per share; completed $100M ASR, plans another $100M ASR in Q3.
Platforms revenue (ex-SportsEngine) up 9.3% YoY to $212M; linear distribution down 6.3%.
Business highlights: CNBC SpaceX IPO coverage, MS NOW audience growth, Bundesliga deal, Full Swing acquisition.

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