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Versant Media Group (VSNT) investor relations material

Versant Media Group has been private

Versant Media Group Investor Day 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Versant Media Group Inc
Investor Day 2025 summary4 Dec, 2025

Strategic Vision and Market Positioning

  • Focus on vertical growth in four core markets: business news/personal finance, political news/opinion, golf/athletics, and sports/entertainment, leveraging iconic brands and live programming to drive engagement and revenue.

  • Aims to be an industry-changing force, holding leadership positions in key verticals and reaching 65M US households monthly with 14B hours watched in 2024.

  • Brand awareness exceeds 90% among US adults for key properties.

  • Transitioning from a legacy cable model to a diversified, digital-first business, with investments in digital platforms, D2C offerings, and new revenue streams.

  • Commitment to disciplined capital allocation, maintaining a strong balance sheet, and targeting a more balanced revenue mix, aiming for 50% from growth areas over time.

Growth Strategy and Business Model Evolution

  • Focuses on three pillars: win with premium content, reach new audiences (especially non-pay TV), and launch/scale digital platforms.

  • Expanding Free TV networks and AVOD/FAST channels to reach 20M+ OTA-only households and extend digital reach.

  • Strategic acquisitions (Free TV Networks, IndieCinema) to expand reach, enter new markets, and accelerate digital transformation.

  • Golf & athletics participation revenue mix shifted from 20% in 2014 to 48% in 2024, driven by digital and software expansion.

  • Launching new digital platforms, including cinema software (Indy Cinema) and a CNBC retail investor subscription service.

Financial Performance and Guidance

  • Fiscal 2025 guidance: $6.6B in revenue, $2.2B in EBITDA, and $1.4B in free cash flow, with mid-30% margins.

  • 2024-2025 revenue expected to decline 6%, adjusted EBITDA down 10%, and FCF down 15% as business transitions.

  • 2026 forecast: revenue $6.15–6.4B, adjusted EBITDA $1.85–2.0B, FCF $1.0–1.2B, with new product launches and midterm election tailwinds.

  • Maintains low net leverage (1.25x target), $1.5B liquidity, and plans to allocate 20% of FCF to dividends and up to $1B for share repurchases.

  • Majority of pay TV distribution contracts extend to 2028 or later, providing stability during transition.

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