Versant Media Group, Inc.

Versant Media reported second quarter 2026 results and raised its full-year revenue and adjusted EBITDA guidance during its earnings call on Thursday, August 6, 2026. Total revenue for the quarter was $1.64 billion, a decline of 4% compared to the prior year, while adjusted EBITDA rose 3% to $624 million. The company now expects full-year revenue between $6.2 billion and $6.45 billion, up from the prior range of $6.15 billion to $6.4 billion, and adjusted EBITDA between $1.9 billion and $2.05 billion, up from $1.85 billion to $2 billion. Versant also announced an additional $100 million accelerated share repurchase program and highlighted the acquisition of Full Swing, a golf technology company, as well as a five-year agreement with the Bundesliga to broadcast more than 300 live soccer matches annually.

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Versant Media Group has agreed to acquire sports technology company Full Swing for about $530 million in cash from private equity firm Bruin Capital and minority investors. The deal will add an interactive sports platform to Versant's golf business, which includes Golf Channel, GolfNow and GolfPass, and expand its capabilities into interactive sports experiences. Gibson Dunn acted as legal advisor and Moelis & Company LLC as financial advisor to Versant, while Kirkland & Ellis LLP acted as Bruin's legal counsel. The transaction is expected to close in the second half of 2026. In pre-market activity on Nasdaq, Versant shares were down 0.21 percent at $37.87.