Variety
·entertainment
·1 hour ago
Versant Media profit drops 22% as TV operations decline amid spin-off costs
Versant Media's first-quarter profit fell to $286 million from $367 million year-over-year, pressured by declining TV operations and higher corporate costs following its NBCUniversal spin-off. Revenue slipped 1.1% to $1.69 billion as ad sales dropped 5%, though direct-to-consumer operations surged 9.5% to $192 million, driven by GolfNow and Fandango.
Summary by Glance · Variety
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