Versant (NASDAQ:VSNT – Get Free Report) announced its earnings results on Thursday. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10, FiscalAI reports. The business had revenue of $1.64 billion for the quarter.
Here are the key takeaways from Versant’s conference call:
- Full-year guidance was raised, with revenue now expected at $6.2 billion–$6.45 billion and adjusted EBITDA at $1.9 billion–$2.05 billion, reflecting confidence in first-half momentum and the broader portfolio.
- Second-quarter adjusted EBITDA increased 3% to $624 million despite a 4% revenue decline, supported by disciplined expense management, strong audience engagement, and broad-based advertising demand.
- Linear distribution revenue fell 6% year over year as subscriber declines continued, although contractual rate increases and recent multi-year renewals helped mitigate the pressure. Management expects programming costs to rise in the second half, making Q3 and Q4 adjusted EBITDA growth unlikely.
- Platforms remained the fastest-growing business, with revenue up 9% excluding the SportsEngine divestiture, driven by Fandango and GolfNow. The company is expanding Fandango into an AVOD entertainment platform and expects the Full Swing acquisition to create revenue synergies across its golf ecosystem.
- Versant announced an additional $100 million accelerated share repurchase while maintaining its quarterly dividend, having returned $305 million to shareholders year to date. Management said the capital return is compatible with investments in direct-to-consumer products, platforms, acquisitions, and maintaining a healthy balance sheet.
Versant Stock Performance
NASDAQ VSNT opened at $38.67 on Friday. The business has a fifty day moving average of $37.55 and a 200-day moving average of $36.83. Versant has a fifty-two week low of $27.17 and a fifty-two week high of $59.00. The stock has a market cap of $5.46 billion and a price-to-earnings ratio of 19.43. The company has a quick ratio of 2.32, a current ratio of 2.38 and a debt-to-equity ratio of 0.35.
Versant Dividend Announcement
Trending Headlines about Versant
Here are the key news stories impacting Versant this week:
- Positive Sentiment: Versant raised its fiscal 2026 revenue forecast to $6.2 billion–$6.5 billion, broadly in line with the $6.4 billion consensus estimate, and increased its adjusted EBITDA outlook. Management cited strong platforms-segment growth, advertising momentum and digital expansion. Versant raises 2026 outlook on strength of platforms segment and advertising momentum
- Positive Sentiment: Second-quarter adjusted EPS was $1.49, beating analysts’ $1.39 consensus estimate by $0.10. Revenue of $1.64 billion also exceeded expectations, helping support the initial positive market reaction. Versant earnings results
- Positive Sentiment: Advertising demand for Versant’s news and sports programming improved, while growth in digital platforms helped offset weakness in traditional pay-TV distribution. The company also outlined shareholder-return plans, adding to the stock’s appeal. Versant lifts annual revenue forecast as digital growth offsets pay-TV weakness
- Neutral Sentiment: Management characterized the quarter as mixed: growth businesses are gaining traction, but the company remains exposed to ongoing secular pressure in pay-TV distribution. Versant Q2 2026 earnings call transcript
- Negative Sentiment: Quarterly revenue declined 4% year over year to $1.64 billion, while EPS fell to $1.49 from $2.09, reflecting continued pay-TV weakness and comparisons against a stronger prior-year period. Versant posts mixed Q2 results
Hedge Funds Weigh In On Versant
A number of hedge funds have recently made changes to their positions in VSNT. Dimensional Fund Advisors LP acquired a new stake in Versant in the first quarter valued at approximately $41,747,000. Principal Financial Group Inc. purchased a new position in shares of Versant in the first quarter valued at $26,331,000. Bank of America Corp DE purchased a new position in shares of Versant in the first quarter valued at $25,317,000. Bank of New York Mellon Corp purchased a new stake in Versant during the 1st quarter worth $24,475,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Versant in the 4th quarter worth $24,134,000.
Analysts Set New Price Targets
A number of analysts have recently commented on VSNT shares. Seaport Research Partners reissued a “buy” rating and set a $46.00 target price on shares of Versant in a research note on Monday, May 18th. TD Cowen boosted their target price on Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of Versant from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings raised shares of Versant from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded Versant from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.20.
View Our Latest Research Report on VSNT
About Versant
Versant Corporation is a provider of data management software. The Company designs, develops, markets and supports database management system products that companies use to solve data management and data integration issues. It also provides related product support, training and consulting services to assist users of the Company’s products in developing and deploying software applications based on its products. The Company’s Versant Object Database product is used primarily by enterprises, which have data management requirements, such as technology providers, telecommunications carriers, Government defense agencies, defense contractors, healthcare companies and companies in the financial services and transportation industries.
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