Versant Media Group, Inc. VSNT Platforms, gift cards — Breakage revenue
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Where this comes from
Reported directly by Versant Media Group, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityRevenueRecognized.
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 platforms, gift cards — breakage revenue?
- Versant Media Group, Inc. (VSNT) reported platforms, gift cards — breakage revenue of $4M in Q1 2026.
- How has Versant Media Group, Inc. 's platforms, gift cards — breakage revenue changed year-over-year?
- Versant Media Group, Inc. 's platforms, gift cards — breakage revenue decreased by 33.3% year-over-year, from $6M to $4M.
- What does platforms, gift cards — breakage revenue mean?
- Reflects the revenue recognized when gift cards or prepaid credits are unlikely to be redeemed by the customer, based on historical patterns and expiration policies. This metric highlights the portion of prepaid liabilities that are converted to income without a corresponding service delivery cost. It provides insight into the profitability of the gift card program and customer usage behavior.