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Owns the cable networks spun off from Comcast, including CNBC, MS NOW, USA Network, Golf Channel, E! and Syfy.
Owns the cable networks spun off from Comcast, including CNBC, MS NOW, USA Network, Golf Channel, E! and Syfy.
Is paid in two ways: affiliate fees, the per-subscriber payments that cable, satellite and streaming distributors make to carry its channels, and advertising sold on those channels. Comcast separated it into a standalone listed company, so it now runs the CNBC and MS NOW news brands, entertainment and golf channels without NBC's broadcast network.
Moat: narrow (brand, distribution). Established news and entertainment channels carried by pay-TV distributors, but audiences shrink as viewers cut the cord.
Headquarters: New York, US · Employees: 4,400
Size Versant Media (VSNT) is a United States Communication Services company (Cable/Satellite TV) with a market value of $4.59B, the 1238th largest of 3,117 United States companies the cockpit tracks. Shares closed at $33.69 on 6 Nov 2026.
Performance Over six months the shares fell 18.1%, against -16.8% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 8 in its peer set.
Growth Revenue fell 3.9% over the last twelve months (peer median -4.2%); the operating margin is 18.3% (peer median 3.2%).
Valuation It trades at 5.5× forward earnings against a peer median of 11.8× (cheapest of 5).
Price implies For today's price to make sense, revenue must grow about -14% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (7.4% WACC).
Short interest Short interest is 4.2% of the free float (15 Oct 2026).
Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.54B | $6.69B | $7.06B | $7.45B | $7.83B |
| Revenue growth | — | -5% | -5% | -5% | — |
| Gross profit | $2.63B | $2.74B | $3.01B | $3.30B | $3.68B |
| EBITDA | $2.22B | $2.42B | $2.84B | $3.06B | $3.40B |
| Net income | $724M | $930M | $1.36B | $1.54B | $1.76B |
| Free cash flow | $1.64B | $1.85B | $2.16B | $2.37B | $2.44B |
| Capital expenditure | $149M | $167M | $54.0M | $56.0M | $65.0M |
| Total debt | $2.93B | $983M | $12.0M | $18.0M | n/a |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Versant Media VSNT | $4.59B | -18% | -4% | 18% | 5.5× | -13.9% |
| Warner Bros. Discovery WBD | n/a | +13% | n/a | n/a | n/a | n/a |
| Fox Corporation (Class A) FOXA | $26.4B | +6% | +9% | 23% | 11.8× | -9.8% |
| Paramount Skydance PSKY | n/a | 0% | n/a | n/a | n/a | n/a |
| Walt Disney Company (The) DIS | $202B | +9% | +5% | 15% | 15.4× | 14.2% |
| AMC Global Media AMCX | $346M | -5% | -5% | 8% | 2.6× | -4.9% |
| Nexstar Media NXST | $5.85B | -6% | +11% | 18% | 6.2× | 5.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VSNT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.0% | +3.1% | 2nd highest of 8 |
| 6-month return | -18.1% | -16.8% | 4th lowest of 8 |
| Distance from 52-week high | -29.3% | -31.2% | 4th highest of 8 |
| Revenue growth (TTM) | -3.9% | -4.2% | 3rd highest of 8 |
| Operating margin | 18.3% | 3.2% | 2nd highest of 8 |
| Forward P/E | 5.5× | 11.8× | cheapest of 5 |
| Growth the price implies (Req g, 7 yrs) | -13.9% | 6.6% | least demanding of 6 |
| Growth delivered (Del g) | -5.1% | +2.2% | 3rd lowest of 6 |
| Hurdle (Req g minus delivered) | -8.8 pp | +3.0 pp | 3rd least demanding of 6 |
| ROIC minus cost of capital | +1.9 pp | -4.8 pp | 3rd highest of 7 |
| EV / EBITDA | 3.0× | 6.8× | cheapest of 4 |
| Net debt / EBITDA | 0.8× | 3.4× | 2nd least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Versant Media VSNT | United States | $4.59B | -18% | -4% | 18% | 5.5× | -13.9% | -5.1% |
| Oriental Pearl 600637.SS | China | $4.07B | -19% | -7% | 3% | 29.9× | 15.5% | -5.7% |
| Canal+ CAN.L | United Kingdom | $3.11B | +2% | +10% | 4% | 9.2× | n/a | n/a |
| Jiangsu Broadcasting Cable Information Network 600959.SS | China | $2.42B | -17% | -8% | -8% | n/a | n/a | n/a |
| Wasu Media 000156.SZ | China | $2.17B | +5% | -4% | 2% | n/a | -6.9% | +3.9% |
| Cyfrowy Polsat CPS.WA | Poland | $2.08B | -24% | 0% | 10% | 14.5× | 6.6% | +3.7% |
| Cogeco Communications CCA.TO | Canada | $1.67B | -13% | -4% | 26% | 7.8× | -8.9% | +2.2% |
| Guizhou Broadcasting & TV Information Network 600996.SS | China | $1.22B | -23% | -7% | -89% | n/a | 30.2% | -18.3% |