Versant Media Group, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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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Condensed Consolidated and Combined Statements of Income
| Three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (in millions, except per share data) | ||
| Revenue(a) | $1,687 | $1,706 |
| Costs and Expenses: | ||
| Costs of revenue (exclusive of depreciation and amortization)(a) | 638 | 654 |
| Selling, general and administrative | 351 | 307 |
| Depreciation and amortization | 256 | 245 |
| Total costs and expenses | 1,245 | 1,207 |
| Operating income | 442 | 499 |
| Interest expense | (52) | — |
| Investment and other income, net | 8 | — |
| Income before income taxes | 398 | 499 |
| Income tax expense | (112) | (132) |
| Net income | 286 | 367 |
| Less: Net income attributable to noncontrolling interests | — | — |
| Net income attributable to Versant | $286 | $367 |
| Basic earnings per common share attributable to Versant shareholders | $1.99 | $2.55 |
| Diluted earnings per common share attributable to Versant shareholders | $1.99 | $2.55 |
(a) Includes related party revenues and costs of revenue totaling $297 million and $234 million, respectively for the three months ended March 31, 2025.
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