Versant Media Group, Inc. (VSNT)

NASDAQCommunication ServicesEntertainmentSnapshot 2026-10-15

$31.77+1.70%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Versant Media Group, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

4 key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Capital returned to shareholders	Management keeps growth and capital return priorities on track.	Intact	capital return falls below $50M repurchases or dividend cut below $0.30 per share next year	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. The company repurchased $100 million of stock in both 2026-Q1 and 2026-Q2, with an additional $100 million accelerated share repurchase planned for 2026-Q3. Quarterly cash dividends of $0.375 per share have been declared consistently. Management's capital return commitments are being delivered with steady execution. Delivery assessment Oct 15, 2026
Digital platform revenue growth	Versant Media grows digital platform revenue by about 9.5% in early 2026.	Broken	digital platform revenue growth falls below 5% YoY next year	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Platforms revenue grew modestly, increasing 0.8% in 2026-Q2 (9.3% excluding SportsEngine) and 9.5% in 2026-Q1 year-over-year, driven by Fandango and GolfNow. Management consistently emphasized scaling digital platforms and extending brand reach, and the revenue trajectory shows delivering growth aligned with this priority. Delivery assessment Oct 15, 2026
Gross margin percentage	A supporting condition in Versant Media Group, Inc.'s published investment case. The stated target is >=33%.	Intact	gross margin falls below 30% next year	Gross margin: 60.46% FY2026-Q2; GAAP. Published target: >=33%. Target period is not explicitly aligned with this observation. Source published Aug 6, 202660.462287 percent · calculatedSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Total company revenue	A primary condition in Versant Media Group, Inc.'s published investment case. The stated target is >=$6.6B.	Broken	total revenue falls below $6.3B in 2026-FY	Revenue: $1.644B FY2026-Q2; GAAP. Published target: >=$6.6B. Target period is not explicitly aligned with this observation. Source published Aug 6, 20261,644,000,000 USD · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: d8a34f25-d0d2-4481-8467-242f77daf7b2. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPSUnavailable

Unavailable → Unavailable · observed estimates

FY2027 revenueUnavailable

Unavailable → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	4 / 4
2026-07-25	Unavailable	Unavailable	4 / 4
2026-07-26	Unavailable	Unavailable	4 / 4
2026-07-27	Unavailable	Unavailable	4 / 4
2026-07-28	Unavailable	Unavailable	4 / 4
2026-07-29	Unavailable	Unavailable	4 / 4
2026-07-30	Unavailable	Unavailable	4 / 4
2026-07-31	Unavailable	Unavailable	4 / 4
2026-08-01	Unavailable	Unavailable	4 / 4
2026-08-02	Unavailable	Unavailable	4 / 4
2026-08-03	Unavailable	Unavailable	4 / 4
2026-08-04	Unavailable	Unavailable	4 / 4
2026-08-05	Unavailable	Unavailable	4 / 4
2026-08-06	Unavailable	Unavailable	4 / 4
2026-08-08	Unavailable	Unavailable	4 / 4
2026-08-09	Unavailable	Unavailable	4 / 4
2026-08-10	Unavailable	Unavailable	4 / 4
2026-08-12	$7.41	$6,134,633,720	5 / 5
2026-08-13	Unavailable	Unavailable	4 / 4
2026-08-14	Unavailable	Unavailable	4 / 4
2026-08-15	Unavailable	Unavailable	4 / 4
2026-08-16	$7.30	$6,137,544,333	5 / 5
2026-08-17	$7.30	$6,137,544,333	5 / 5
2026-08-18	$7.30	$6,137,544,333	5 / 5
2026-08-19	$7.30	$6,137,544,333	5 / 5
2026-08-20	$6.67	$6,165,785,500	5 / 5
2026-08-21	$6.67	$6,165,785,500	5 / 5
2026-08-22	$6.67	$6,165,785,500	5 / 5
2026-08-23	$6.67	$6,165,785,500	5 / 5
2026-08-24	$6.67	$6,165,785,500	5 / 5
2026-08-25	$6.67	$6,165,785,500	5 / 5
2026-08-26	$6.67	$6,165,785,500	5 / 5
2026-08-27	$6.67	$6,165,785,500	5 / 5
2026-08-28	$6.67	$6,165,785,500	5 / 5
2026-08-29	Unavailable	Unavailable	4 / 4
2026-08-30	Unavailable	Unavailable	4 / 4
2026-08-31	Unavailable	Unavailable	4 / 4
2026-09-01	Unavailable	Unavailable	4 / 4
2026-09-02	Unavailable	Unavailable	4 / 4
2026-09-03	Unavailable	Unavailable	4 / 4
2026-09-04	Unavailable	Unavailable	4 / 4
2026-09-05	Unavailable	Unavailable	4 / 4
2026-09-06	Unavailable	Unavailable	4 / 4
2026-09-07	Unavailable	Unavailable	4 / 4
2026-09-08	Unavailable	Unavailable	4 / 4
2026-09-09	Unavailable	Unavailable	4 / 4
2026-09-10	Unavailable	Unavailable	4 / 4
2026-09-11	Unavailable	Unavailable	4 / 4
2026-09-12	Unavailable	Unavailable	4 / 4
2026-09-13	Unavailable	Unavailable	4 / 4
2026-09-14	Unavailable	Unavailable	4 / 4
2026-09-15	Unavailable	Unavailable	4 / 4
2026-09-16	Unavailable	Unavailable	4 / 4
2026-09-17	Unavailable	Unavailable	4 / 4
2026-09-18	Unavailable	Unavailable	4 / 4
2026-09-19	Unavailable	Unavailable	4 / 4
2026-09-20	Unavailable	Unavailable	4 / 4
2026-09-21	Unavailable	Unavailable	4 / 4
2026-09-22	Unavailable	Unavailable	4 / 4
2026-09-23	Unavailable	Unavailable	4 / 4
2026-09-24	Unavailable	Unavailable	4 / 4
2026-09-25	Unavailable	Unavailable	4 / 4
2026-09-26	Unavailable	$6,218,473,347	4 / 5
2026-09-27	Unavailable	$6,218,473,347	4 / 5
2026-09-28	Unavailable	$6,218,473,347	4 / 5
2026-09-29	Unavailable	$6,218,473,347	4 / 5
2026-09-30	Unavailable	$6,218,473,347	4 / 5
2026-10-01	Unavailable	$6,218,473,347	4 / 5
2026-10-02	Unavailable	$6,218,473,347	4 / 5
2026-10-03	Unavailable	$6,218,473,347	4 / 5
2026-10-04	Unavailable	$6,218,473,347	4 / 5
2026-10-05	Unavailable	$6,218,473,347	4 / 5
2026-10-06	Unavailable	$6,218,473,347	4 / 5
2026-10-07	Unavailable	$6,218,473,347	4 / 5
2026-10-08	Unavailable	$6,218,473,347	4 / 5
2026-10-09	Unavailable	$6,218,473,347	4 / 5
2026-10-10	Unavailable	$6,218,473,347	4 / 5
2026-10-11	Unavailable	Unavailable	4 / 4
2026-10-12	Unavailable	Unavailable	4 / 4
2026-10-13	Unavailable	Unavailable	4 / 4
2026-10-14	Unavailable	Unavailable	4 / 4
2026-10-15	Unavailable	Unavailable	4 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	2	4	1
2026-06-01	2	4	1
2026-07-01	2	5	1
2026-08-01	2	5	0
2026-09-01	3	5	0
2026-10-01	3	5	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 3 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 16–Oct 15 · 0 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Morgan StanleyOct 15

$38.00New observation · no comparable prior

Goldman SachsSep 18 · prior May 14

$42.00 → $43.00+2.4%

$0$23.65$47.30

1 raises · 0 cuts · 0 unchanged · 1 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Capital returned to shareholdersDirect metric needs a verified mapping
Digital platform revenue growthPublished status: Broken
Gross margin percentageGross margin: 60.46%
Total company revenuePublished status: Broken

Next proof point

Nov 3, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.4%Typical daily move · historical

Downside history

-39.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Versant Media Group, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This is a durable compounder with a focus on growth and capital return. The current thesis state is intact, reflecting a recent earnings beat and ongoing share buybacks, although it has faced some volatility in earnings surprises.

What's priced into Versant Media Group, Inc.

The market currently prices VSNT as cheap compared to its peers, with a notable expectations gap. This suggests that investors may not fully account for the company's strong management execution and growth potential.

What the fundamentals likely do

Fundamentals are likely to remain stable, supported by management's focus on growing digital platforms and returning capital to shareholders. However, there is a moderate risk of missing earnings expectations, given the company's history of erratic earnings surprises.

What Versant Media Group, Inc. hinges on

The long-term thesis hinges on several factors, including the potential for the Federal Reserve to cut interest rates, which could benefit the Communication Services sector. Additionally, the performance of sector leaders like NFLX, DIS, and WBD will be crucial in driving momentum for VSNT.

Bottom line

Overall, VSNT's fundamentals and management execution appear solid, but external sector pressures and earnings volatility could impact its trajectory. Not investment advice.

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPSUnavailable

Unavailable → Unavailable · observed estimates

FY2027 revenueUnavailable

Unavailable → Unavailable · observed estimates

Exact estimates & source dates

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	4 / 4
2026-07-25	Unavailable	Unavailable	4 / 4
2026-07-26	Unavailable	Unavailable	4 / 4
2026-07-27	Unavailable	Unavailable	4 / 4
2026-07-28	Unavailable	Unavailable	4 / 4
2026-07-29	Unavailable	Unavailable	4 / 4
2026-07-30	Unavailable	Unavailable	4 / 4
2026-07-31	Unavailable	Unavailable	4 / 4
2026-08-01	Unavailable	Unavailable	4 / 4
2026-08-02	Unavailable	Unavailable	4 / 4
2026-08-03	Unavailable	Unavailable	4 / 4
2026-08-04	Unavailable	Unavailable	4 / 4
2026-08-05	Unavailable	Unavailable	4 / 4
2026-08-06	Unavailable	Unavailable	4 / 4
2026-08-08	Unavailable	Unavailable	4 / 4
2026-08-09	Unavailable	Unavailable	4 / 4
2026-08-10	Unavailable	Unavailable	4 / 4
2026-08-12	$7.41	$6,134,633,720	5 / 5
2026-08-13	Unavailable	Unavailable	4 / 4
2026-08-14	Unavailable	Unavailable	4 / 4
2026-08-15	Unavailable	Unavailable	4 / 4
2026-08-16	$7.30	$6,137,544,333	5 / 5
2026-08-17	$7.30	$6,137,544,333	5 / 5
2026-08-18	$7.30	$6,137,544,333	5 / 5
2026-08-19	$7.30	$6,137,544,333	5 / 5
2026-08-20	$6.67	$6,165,785,500	5 / 5
2026-08-21	$6.67	$6,165,785,500	5 / 5
2026-08-22	$6.67	$6,165,785,500	5 / 5
2026-08-23	$6.67	$6,165,785,500	5 / 5
2026-08-24	$6.67	$6,165,785,500	5 / 5
2026-08-25	$6.67	$6,165,785,500	5 / 5
2026-08-26	$6.67	$6,165,785,500	5 / 5
2026-08-27	$6.67	$6,165,785,500	5 / 5
2026-08-28	$6.67	$6,165,785,500	5 / 5
2026-08-29	Unavailable	Unavailable	4 / 4
2026-08-30	Unavailable	Unavailable	4 / 4
2026-08-31	Unavailable	Unavailable	4 / 4
2026-09-01	Unavailable	Unavailable	4 / 4
2026-09-02	Unavailable	Unavailable	4 / 4
2026-09-03	Unavailable	Unavailable	4 / 4
2026-09-04	Unavailable	Unavailable	4 / 4
2026-09-05	Unavailable	Unavailable	4 / 4
2026-09-06	Unavailable	Unavailable	4 / 4
2026-09-07	Unavailable	Unavailable	4 / 4
2026-09-08	Unavailable	Unavailable	4 / 4
2026-09-09	Unavailable	Unavailable	4 / 4
2026-09-10	Unavailable	Unavailable	4 / 4
2026-09-11	Unavailable	Unavailable	4 / 4
2026-09-12	Unavailable	Unavailable	4 / 4
2026-09-13	Unavailable	Unavailable	4 / 4
2026-09-14	Unavailable	Unavailable	4 / 4
2026-09-15	Unavailable	Unavailable	4 / 4
2026-09-16	Unavailable	Unavailable	4 / 4
2026-09-17	Unavailable	Unavailable	4 / 4
2026-09-18	Unavailable	Unavailable	4 / 4
2026-09-19	Unavailable	Unavailable	4 / 4
2026-09-20	Unavailable	Unavailable	4 / 4
2026-09-21	Unavailable	Unavailable	4 / 4
2026-09-22	Unavailable	Unavailable	4 / 4
2026-09-23	Unavailable	Unavailable	4 / 4
2026-09-24	Unavailable	Unavailable	4 / 4
2026-09-25	Unavailable	Unavailable	4 / 4
2026-09-26	Unavailable	$6,218,473,347	4 / 5
2026-09-27	Unavailable	$6,218,473,347	4 / 5
2026-09-28	Unavailable	$6,218,473,347	4 / 5
2026-09-29	Unavailable	$6,218,473,347	4 / 5
2026-09-30	Unavailable	$6,218,473,347	4 / 5
2026-10-01	Unavailable	$6,218,473,347	4 / 5
2026-10-02	Unavailable	$6,218,473,347	4 / 5
2026-10-03	Unavailable	$6,218,473,347	4 / 5
2026-10-04	Unavailable	$6,218,473,347	4 / 5
2026-10-05	Unavailable	$6,218,473,347	4 / 5
2026-10-06	Unavailable	$6,218,473,347	4 / 5
2026-10-07	Unavailable	$6,218,473,347	4 / 5
2026-10-08	Unavailable	$6,218,473,347	4 / 5
2026-10-09	Unavailable	$6,218,473,347	4 / 5
2026-10-10	Unavailable	$6,218,473,347	4 / 5
2026-10-11	Unavailable	Unavailable	4 / 4
2026-10-12	Unavailable	Unavailable	4 / 4
2026-10-13	Unavailable	Unavailable	4 / 4
2026-10-14	Unavailable	Unavailable	4 / 4
2026-10-15	Unavailable	Unavailable	4 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings