Versant gains, posts smaller-than-expected revenue decline and share buyback

Versant Media

03/03/2026 16:50

** CNBC-owner Versant Media's VSNT.O shares rise 2% to $33.40

** Co posts Q4 revenue of $1.61 billion, compared with analysts' avg. estimate of $1.57 billion - data compiled by LSEG

** VSNT's board authorized share repurchase plan of up to $1 billion

** "About 60% of our audience comes from news and sports" - CEO Mark Lazarus

** Up to last close, stock has fallen 19.3% since market debut on January 5

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))