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Versant Media Group, Inc. VSNT Content Licensing — Future revenue to be earned

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$256M

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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$5.41B+3.2%
Enterprise value$7.16B
P/E4.1×
P/S0.8×

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 us-gaap:RevenueRemainingPerformanceObligation.

The source filing: Versant Media Group, Inc.’s 10-K, filed March 3, 2026.

Filed
Mar 2, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0002067876-26-000010

We recognize revenue when the content is delivered and available for use by the licensee. When the term of an existing agreement is renewed or extended, we recognize revenue when the licensed content becomes available under the renewal or extension. Payment terms and conditions vary by contract type, although payments are generally collected over the license term. The amount of future revenue to be earned related to fixed pricing under existing third-party agreements is $88 million, which will be recognized within one year.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Versant Media Group, Inc.'s content licensing — future revenue to be earned?
Versant Media Group, Inc. (VSNT) reported content licensing — future revenue to be earned of $88M in Q4 2025.
What does content licensing — future revenue to be earned mean?
This metric represents the total value of contracted but unrecognized revenue derived from licensing media content, intellectual property, or programming rights to third-party distributors and platforms. It serves as a key indicator of future cash flow visibility and the long-term demand for the company's content library. By tracking this backlog, investors can assess the stability and growth potential of the content licensing segment over upcoming fiscal periods.

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