# Versant Earnings Best Estimates in Quarter of Fandango, MS NOW Expansion

- URL: https://talkfuse.com/story/versant-earnings-best-estimates-in-quarter-of-fandango-ms-now-expansion/
- Published: 2026-11-03T12:01:13+00:00
- Updated: 2026-11-03T12:38:19+00:00
- Original publisher: The Hollywood Reporter
- Original article: https://www.hollywoodreporter.com/business/business-news/versant-q3-earnings-beat-forecasts-1236745988/
- Topics: Art, Business, Companies, Culture

## Key points

- Versant reported $1.59 billion in third-quarter revenue, beating estimates.
- Platform revenue grew 9.6% as advertising revenue declined.
- The company expects full-year free cash flow to exceed its prior forecast.

## Summary

Versant, the cable-focused company spun off from NBCUniversal, reported third-quarter revenue of $1.59 billion, ahead of Wall Street’s estimate. The results highlight growth in platform revenue and new direct-to-consumer services as Versant seeks to broaden its business beyond traditional television advertising and distribution.

Advertising revenue fell 5.3% to $373 million, while platform revenue rose 9.6% to $245 million; linear distribution contributed $935 million. Adjusted EBITDA declined 7.4% to $353 million, and net income was $47 million, or 34 cents per share. Fandango had a strong ticket-sales quarter and launched an ad-supported streaming service, while MS NOW introduced a direct-to-consumer product. Versant reaffirmed its full-year revenue and adjusted EBITDA outlook and said it expects free cash flow to exceed its previous $1.0 billion to $1.2 billion forecast.

---
Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.