Versant Media Raises Full-Year Outlook After Q2 2026 Results

EarningsCorporate Action
โดย The Motley Fool·US·Read original
Summary · why it matters

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.

Impact on stocks 2

Communication Services · 1 stocks
Artificial Intelligence · 1 stocks