Versant Media Group, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 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 Balance Sheets
CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED)
| September 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (in millions, except share data) | ||
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $1,051 | $55 |
| Restricted cash | — | 1,034 |
| Receivables, net | 1,241 | 1,151 |
| Assets held for sale | — | 196 |
| Other current assets | 201 | 66 |
| Total current assets | 2,493 | 2,502 |
| Content costs | 570 | 539 |
| Investments | 262 | 214 |
| Property and equipment, net of accumulated depreciation of $656 million and $615 million | 463 | 423 |
| Intangible assets, net of accumulated amortization of $9,384 million and $8,848 million | 482 | 924 |
| Goodwill | 8,127 | 7,611 |
| Other noncurrent assets, net | 258 | 120 |
| Total assets | $12,656 | $12,333 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable | $224 | $151 |
| Deferred revenue | 97 | 163 |
| Accrued content obligations | 226 | 105 |
| Accrued employee costs | 153 | 62 |
| Current portion of long-term debt | 113 | — |
| Accrued expenses and other current liabilities | 383 | 141 |
| Total current liabilities | 1,196 | 622 |
| Deferred income taxes | 152 | 191 |
| Noncurrent content obligations | 60 | 72 |
| Long-term debt | 2,813 | 983 |
| Other noncurrent liabilities | 288 | 63 |
| Commitments and contingencies | ||
| Equity: | ||
| Preferred stock, no par value — authorized 20 million shares; none issued as of September 30, 2026 | — | — |
| Class A common stock, $0.01 par value — authorized 7.5 billion shares; issued and outstanding 136,247,945 shares as of September 30, 2026 | 1 | — |
| Class B common stock, $0.01 par value — authorized 75 million shares; issued and outstanding 377,775 shares as of September 30, 2026 | — | — |
| Additional paid-in capital | 7,637 | — |
| Retained earnings | 382 | — |
| Net Comcast investment | — | 10,299 |
| Accumulated other comprehensive income (loss) | 16 | (7) |
| Total equity attributable to Versant | 8,037 | 10,292 |
| Noncontrolling interests | 110 | 110 |
| Total equity | 8,147 | 10,402 |
| Total liabilities and equity | $12,656 | $12,333 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.