What does licensed, including sports advances mean?

The total value of licensed content and sports broadcasting rights, including advance payments made to secure future programming. This metric quantifies the investment in third-party content necessary to drive viewership and advertising revenue. It helps investors evaluate the company's strategy for content acquisition versus internal production.

Versant Media Group, Inc. VSNT Licensed, including sports advances

Licensed, including sports advances at other companies

Roku, Inc.ROKU

$91.11M-33.0%

PSK

Paramount Skydance Corporation Class B Common StockPSKY

$1.25B+10.4%

Walt DisneyDIS

$1.17B-33.5%

TKO Group HoldingsTKO

$726.17M+13.4%

Applovin CorporationAPP

$0-100%

Atlanta Braves Holdings, Inc.BATRA

$2.52M-41.3%

Other financials

Income statement

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Revenue$1.7B-1.1%

Gross profit$1.0B-0.3%

Operating income$442.0M-11.4%

Net income$286.0M-22.1%

EPS (diluted)$1.99-22.0%

Balance sheet

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Cash & equivalents$1.2B+23,820%

Total debt$3.0B—

Total equity$8.0B-25.9%

Total assets$12.5B—

Cash flow

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Operating cash flow$585.0M+22.4%

CapEx$27.0M+28.6%

Free cash flow$558.0M+22.1%

Valuation

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Market cap$5.36B—

Profitability

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Gross margin57.8%+0.5pp

Operating margin26.8%-0.5pp

Net margin19.8%-0.5pp

FCF margin29.6%-1.9pp

Returns & leverage

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Return on equity12.1%—

Debt / equity0.4×—

Current ratio2.3×—

Where this comes from

Reported directly by Versant Media Group, Inc. in its filing.

Tagged under the XBRL concept vsnt:EntertainmentLicenseAgreementForProgramMaterialIncludingSportsRightsAdvancesCapitalizedCost.

The official record: Versant Media Group, Inc. ’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Versant Media Group, Inc. 's licensed, including sports advances?: Versant Media Group, Inc. (VSNT) reported licensed, including sports advances of $492M in Q1 2026.
What does licensed, including sports advances mean?: The total value of licensed content and sports broadcasting rights, including advance payments made to secure future programming. This metric quantifies the investment in third-party content necessary to drive viewership and advertising revenue. It helps investors evaluate the company's strategy for content acquisition versus internal production.