Versant Media, the parent of business news network CNBC, reports its first earnings as a public company, showing a decline in revenue and earnings.
Lillian Rizzo of CNBC reports, “For the quarter ended Dec. 31, Versant’s total revenue was down nearly 7% to $1.61 billion, according to a Securities and Exchange filing on Tuesday. Specifically, linear distribution revenue was down almost 6% to $997 million and ad revenue declined 9% to $370 million, while platforms revenue was roughly flat at $202 million.
“Standalone adjusted EBITDA for the quarter was $521 million, down 19% from the same period last year.
“Versant marked its first day as a standalone company earlier this year, and started trading on the Nasdaq in early January. However, Versant’s management had been working throughout 2025 on the separation of the assets from Comcast.
“The company is made up of a portfolio of pay TV networks including CNBC, MS Now, USA Network, Golf Channel, Syfy, E! And Oxygen, as well as digital properties such as Fandango, Rotten Tomatoes, GolfNow and Sports Engine.”
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