# Versant Media Group (VSNT.US)

Canonical: https://gigainvestors.com/s/VSNT

Analysis as of: 2026-10-16T07:32:58.046Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $31.24 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Einhorn](https://gigainvestors.com/GLRE): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [William Browne](https://gigainvestors.com/TB): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 31% since Dec 2025

Story as of 2026-10-16T10:01:28.228Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in entertainment; annual sales are USD 6.7 billion.

- Source: https://www.sec.gov/Archives/edgar/data/2067876/000206787626000010/vsnt-20251231.htm (filed 2026-03-03); FY2025: revenue 6688000000; grossProfit 3751000000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 56.1% to 57.6% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-03); FY2023: grossProfit / revenue = 57.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-03); FY2024: grossProfit / revenue = 56.6%.

- Source: https://www.sec.gov/Archives/edgar/data/2067876/000206787626000010/vsnt-20251231.htm (filed 2026-03-03); FY2025: grossProfit / revenue = 56.1%.

### Where the cash goes

Reinvests 1.4% of cash earnings; paid no dividends in 4 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-03); FY2022: growth capex 0; upkeep 65000000; owner earnings 2691000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-03); FY2023: growth capex 0; upkeep 56000000; cash acquisitions 0; owner earnings 2474000000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-03); FY2024: growth capex 0; upkeep 54000000; cash acquisitions 0; owner earnings 2298000000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/2067876/000206787626000010/vsnt-20251231.htm (filed 2026-03-03); FY2025: growth capex 0; upkeep 167000000; cash acquisitions 24000000; owner earnings 1773000000. Growth capex plus acquisitions / owner earnings = 0.01353637901861252.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-03); Dividend observations: [[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 0.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); VSNT.US SharesStats.PercentInsiders = 0.2 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.7 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-03); Closing price 31.24 USD; reporting-to-trading FX 1; FY2025 annual sales per share 46.27483624360862; price multiple 0.6750969324999999. FY2025 cash earnings/share 12.26753658192555. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-12: $45.00 per share

- 2026-01: $32.58 per share

- 2026-02: $33.32 per share

- 2026-03: $37.02 per share

- 2026-04: $40.19 per share

- 2026-05: $43.14 per share

- 2026-06: $36.01 per share

- 2026-07: $35.99 per share

- 2026-08: $41.12 per share

- 2026-09: $31.70 per share

- 2026-10: $31.24 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2067876/000206787626000010/vsnt-20251231.htm); period 2025-12-31, filed 2026-03-03.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.