Versant Media Group, Inc.

For the period ended Mar 31, 2026. Filed May 14, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 14, 2026

VSNT$34.93-0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated and Combined Balance Sheets

CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED)

	March 31,	December 31,
	2026	2025
(in millions, except share data)
Assets
Current Assets:
Cash and cash equivalents	$1,193	$55
Restricted cash	—	1,034
Receivables, net	1,193	1,151
Assets held for sale	181	196
Other current assets	82	66
Total current assets	2,650	2,502
Content costs	584	539
Investments	241	214
Property and equipment, net of accumulated depreciation of $611 million and $615 million	424	423
Intangible assets, net of accumulated amortization of $8,949 million and $8,848 million	713	924
Goodwill	7,707	7,611
Other noncurrent assets, net	187	120
Total assets	$12,506	$12,333
Liabilities and Equity
Current Liabilities:
Accounts payable	$283	$151
Deferred revenue	77	163
Accrued content obligations	180	105
Accrued employee costs	84	62
Current portion of long-term debt	83	—
Accrued expenses and other current liabilities	434	141
Total current liabilities	1,140	622
Deferred income taxes	115	191
Noncurrent content obligations	74	72
Long-term debt	2,869	983
Other noncurrent liabilities	163	63
Commitments and contingencies
Equity:
Preferred stock, no par value — authorized 20 million shares; none issued as of March 31, 2026	—	—
Class A common stock, $0.01 par value — authorized 7.5 billion shares; issued and outstanding 141,103,811 shares as of March 31, 2026	1	—
Class B common stock, $0.01 par value — authorized 75 million shares; issued and outstanding 377,775 shares as of March 31, 2026	—	—
Additional paid-in capital	7,806	—
Retained earnings	231	—
Net Comcast investment	—	10,299
Accumulated other comprehensive loss	(4)	(7)
Total equity attributable to Versant	8,034	10,292
Noncontrolling interests	110	110
Total equity	8,145	10,402
Total liabilities and equity	$12,506	$12,333

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.