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

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Contents

Condensed Consolidated and Combined Statements of Cash Flows

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED)

	Three months ended March 31,
	2026	2025
(in millions)
Operating Activities
Net income	$286	$367
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	256	245
Share-based compensation	17	3
Noncash interest expense	3	—
Deferred income taxes	(103)	(37)
Changes in operating assets and liabilities:
Current and noncurrent receivables, net	(391)	(81)
Content costs, net	70	35
Accounts payable	127	(33)
Other operating assets and liabilities	320	(23)
Net cash provided by operating activities	585	478
Investing Activities
Capital expenditures	(27)	(21)
Acquisitions of businesses and investments	(145)	—
Other	—	(2)
Net cash used in investing activities	(172)	(23)
Financing Activities
Proceeds from borrowings	1,973	—
Repurchases of common stock under repurchase program and employee plans	(100)	—
Net transfers to Comcast	(2,250)	(454)
Settlement payment from NBCUniversal	70	—
Other	(2)	(3)
Net cash used in financing activities	(309)	(458)
Increase (decrease) in cash, cash equivalents and restricted cash	104	(3)
Cash and cash equivalents and restricted cash, beginning of year	1,092	8
Cash and cash equivalents, end of period	$1,196	$5

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