Versant Media Group, Inc. VSNT Platforms, gift cards — Deferred 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:ContractWithCustomerLiabilityCurrent.
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 — deferred revenue?
- Versant Media Group, Inc. (VSNT) reported platforms, gift cards — deferred revenue of $32M in Q1 2026.
- What does platforms, gift cards — deferred revenue mean?
- Captures the portion of revenue received from customers for platform services or gift cards that has not yet been earned under accounting standards. This balance represents a performance obligation that the company must fulfill in future periods. It is a critical metric for assessing the company's future revenue visibility and the pace of service consumption.
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