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 source filing: Versant Media Group, Inc.’s 10-Q, filed May 14, 2026.
- Filed
- May 14, 2026, 4:16 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0002067876-26-000027
As of March 31, 2026 and December 31, 2025, the gift card liability for our movie ticket platform was $47 million and $51 million, respectively, including $32 million and $36 million in accrued expenses and other current liabilities, respectively, with the remainder presented in other noncurrent liabilities. Revenue recorded related to breakage on these gift cards was $4 million and $6 million for the three months ended March 31, 2026 and 2025, respectively.
Item 1. Financial Statements
FAQ
- 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.
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