$41.020
+1.600 (+3.90%)At close
VSNT News
VSNT Events
Versant Reports Q2 Revenue of $1.64B, Exceeding Expectations
Reports Q2 revenue $1.64B, consensus $1.62B. "Versant's brands once again demonstrated strength, durability and scale, reaching more than 120 million viewers each month during the quarter while reinforcing our leadership across news, sports and entertainment," said Mark Lazarus, Chief Executive Officer. "That performance was reflected in the recent multi-year renewals with two large distribution partners, one in the U.S. and one in Canada. At the same time, we continued executing our strategy by investing in opportunities that will drive the next phase of our growth. Following the second quarter, we completed the Full Swing acquisition, added the Bundesliga to our premium sports portfolio, expanded Fandango into a broader consumer entertainment platform, and advanced our direct-to-consumer initiatives at CNBC and MS NOW. Together, we believe these initiatives build on the foundation of our portfolio, deepen consumer engagement, and position Versant for long-term growth."
Versant's USA Sports Becomes Exclusive English Broadcaster for Bundesliga
Versant's USA Sports is the new exclusive English-language home of the Bundesliga - Germany's top domestic soccer league - beginning this August with more than 300 live matches airing in the United States across USA Network and streaming on Versant-owned Fandango. As part of the long-term partnership which runs through the 2030-31 season, USA Sports will present live coverage of all Bundesliga regular season matches. Coverage begins Saturday, August 22, on USA Network with Der Klassiker - one of the Bundesliga's biggest rivalries - as Harry Kane and defending champion Bayern Munich face runners-up Borussia Dortmund in the Franz Beckenbauer Supercup. "USA Sports is thrilled to be the exclusive English-language home of the Bundesliga in the U.S., adding one of the world's elite soccer leagues to our robust portfolio of premium live sports rights," said Matt Hong, President, USA Sports. "The Bundesliga boasts some of the most well-known clubs and players in the world and has an established connection with American soccer fans. Our partnership with the Bundesliga represents another significant milestone in the growth of USA Sports as we continue to build a premier destination for live sports and deliver more of the events fans care about most." USA Sports will present more than 1,000 hours of live soccer during the 2026-27 season inclusive of its Bundesliga and Premier League coverage. USA Sports' media rights agreement with the Bundesliga is the latest long-term agreement for USA Sports in the past 12 months, which include the WNBA, Pac-12 football and basketball, USGA, PGA of America, and DP World Tour - all of which run into the 2030s.
Versant Media Group Acquires Full Swing for Approximately $530M
Versant Media Group entered into a definitive agreement to acquire Full Swing, a leading sports technology company with patented hardware and integrated software used by consumers, competitive athletes, coaches, and commercial venues. Under the terms of the agreement, Versant will acquire Full Swing from Bruin Capital and a group of minority investors for approximately $530M in cash, subject to customary purchase price adjustments. Full Swing will add an interactive sports platform to Versant's portfolio, spanning immersive simulation, launch monitors, virtual greens, integrated software, and performance data. Built first in golf and now extending into baseball and other sports, Full Swing supports data-driven practice, play, training, and entertainment across at-home, commercial and professional environments with simulated sports and family entertainment experiences. The transaction will build on Versant's leadership in golf while expanding the company's capabilities into interactive sports experiences. Full Swing will be anchored in Versant's golf business, supported by Golf Channel, GolfNow and GolfPass, and will provide a new way to engage the growing golf community. The acquisition will also create opportunities to develop a unique ecosystem across content, commerce, training, venues, and performance data, while supporting Full Swing's continued growth as a sports technology company. Following the closing of the transaction, Full Swing will operate within Versant's Digital Platforms and Ventures portfolio, and Dotters will join Versant, reporting to McIntosh. The transaction is subject to customary closing conditions and is expected to close in the second half of 2026.
Dow Rises 370 Points as Markets Optimistic on US-China Talks
The major averages closed sharply higher amid renewed optimism around the talks between U.S. President Trump and China's President Xi Jinping. Markets are extending a rebound despite another wave of inflation anxiety as investors continue favoring AI and semiconductor names over broader macro concerns.Big tech names continue lifting the markets, with Cisco's quarterly reporting giving the Dow a boost. Nvidia also helped after Reuters reported the U.S. has cleared about 10 Chinese companies to buy the company's H200 AI chip.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Ciscoprovided areport for Q3 but said it is cutting 4,000 jobsAbout 10 Chinese firms, including Alibabaand Tencent, have been cleared to purchase Nvidia'sH200 chips,AI chipmaker Cerebras Systemsafter its IPO was priced at $185 per shareHasbroreportedearnings and revenueVersant Mediareportedand said it expects to enter into a $100M accelerated share repurchase agreement2. WALL STREET CALLS:Starbucksto Buy at TD CowenCheesecake Factoryto Neutral at JPMorganWhirlpoolto Neutral at Goldman SachsDoximityto Neutral or equivalent at BTIG, Wells Fargo, Jefferies, Baird and KeyBanc following earnings and guidanceDraftKingswith an Underperform at BNP Paribas3. AROUND THE WEB:Netflixis working on an AI animation studio called INKubator, Lowpass reportsPresident Trump said that Chinese President Xi Jinping has committed to purchasing 200 Boeingaircraft, Bloomberg reportsMicrosoft'sLinkedIn has "implemented organizational changes," according to a source, with plans to cut roughly 5% of its 17,500 full-time workers and focus on business growth areas, Reuters reportsNew York State Comptroller Thomas DiNapoli, New York City Comptroller Mark Levine and California Public Employees' Retirement System CEO Marcie Frost, leaders of three of the largest U.S. public pension systems, sent a letter to Elon Muskdetailing the concerns they have over SpaceX's "extreme" ownership, Reuters saysSecurity researchers say they have discovered a new way of circumventing Apple'ssecurity technology, using techniques they discovered while testing an early version of Anthropic's Mythos AI software in April, WSJ says4. MOVERS:Poet Technologieswas higher in New York afterStubHubincreased afterand backing its guidance for FY26Ondasand Aquestive Therapeuticsgained afterRegenxbiowas lower after, with EPS lower year-over-yearAelumaand Doximityfell after5. EARNINGS/GUIDANCE:Milestone Scientific, with CEO Eric Hines commenting, "Our first quarter results reflect continued progress as we execute on the foundation established in 2025"Klarna, with revenue beating consensusLegenceand raised its guidance for FY26XTI Aerospaceand provided guidance for FY26NIQ Globaland provided guidance for Q2 as well as FY26INDEXES:The Dow rose 370.26, or 0.75%, to 50,063.46, the Nasdaq gained 232.88, or 0.88%, to 26,635.22, and the S&P 500 advanced 56.99, or 0.77%, to 7,501.24.
Dow Rises on Cisco Earnings, Market Optimism
The major averages were sharply higher near noon amid renewed optimism around the talks between U.S. President Trump and China's President Xi Jinping. Markets are extending a rebound despite another wave of inflation anxiety as investors continue favoring AI and semiconductor names over broader macro concerns.Big tech names appear to be lifting the markets, with Cisco's quarterly reporting giving the Dow a boost. Nvidia has also help pull up the Dow after Reuters reported the U.S. has cleared about 10 Chinese companies to buy the company's H200 chip.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Ciscoprovided areport for Q3 but said it is cutting 4,000 jobsAbout 10 Chinese firms, including Alibabaand Tencent, have been cleared to purchase Nvidia'sH200 chips,Cerebras Systemsisat $350 after its IPO was priced at $185Hasbroreportedearnings and revenueVersant Mediareportedand said it expects to enter into a $100M accelerated share repurchase agreement2. WALL STREET CALLS:Starbucksto Buy at TD CowenCheesecake Factoryto Neutral at JPMorganWhirlpoolto Neutral at Goldman SachsDoximityto Neutral or equivalent at BTIG, Wells Fargo, Jefferies, Baird and KeyBanc following earnings and guidanceDraftKingswith an Underperform at BNP Paribas3. AROUND THE WEB:Microsoft'sLinkedIn has "implemented organizational changes," according to a source, with plans to cut roughly 5% of its 17,500 full-time workers and focus on business growth areas, Reuters reportsIndia has raised effective import tariffs on gold and silver to 15% from 6% to curb precious metal imports and support foreign exchange reserves and the rupee, Reuters reportsNew York State Comptroller Thomas DiNapoli, New York City Comptroller Mark Levine and California Public Employees' Retirement System CEO Marcie Frost, leaders of three of the largest U.S. public pension systems, sent a letter to Elon Muskdetailing the concerns they have over SpaceX's "extreme" ownership, Reuters saysSecurity researchers say they have discovered a new way of circumventing Apple'ssecurity technology, using techniques they discovered while testing an early version of Anthropic's Mythos AI software in April, WSJ saysMind Robotics, a startup founded by RivianChief Executive RJ Scaringe, has raised an additional $400M from investors, now having raised over $1B to pursue its plan to develop industrial robots for vehicle production, WSJ says4. MOVERS:Poet Technologieshigher in New York after entering aStubHubincreases afterand backing its guidance for FY26Ondasand Aquestive Therapeuticsgain afterRegenxbiolower after, with EPS lower year-over-yearAelumaand Doximityfalls after5. EARNINGS/GUIDANCE:Milestone Scientific, with CEO Eric Hines commenting, "Our first quarter results reflect continued progress as we execute on the foundation established in 2025"Klarna, with revenue beating consensusLegenceand raised its guidance for FY26XTI Aerospaceand provided guidance for FY26NIQ Globaland provided guidance for Q2 as well as FY26INDEXES:Near midday, the Dow was up 0.97%, or 480.06, to 50,173.26, the Nasdaq was up 1.12%, or 295.38, to 26,697.72, and the S&P 500 was up 0.96%, or 71.71, to 7,515.96.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.