Versant Stock Jumps 12% On Upbeat Outlook -- WSJ

By Molly Reinmann

Shares in Versant Media rose sharply after the CNBC and MS Now owner raised its full-year revenue forecast, on track for their biggest one-day gain since spinning of from Comcast in January.

Versant said Thursday that it now expects revenue of between $6.2 billion and $6.45 billion, above analyst estimates of $6.41 billion.

The move came as Versant, which also owns platforms such as Rotten Tomatoes and Fandango, reported second-quarter results that beat expectations-through both revenue and profit fell in the period.

The company said it completed $100 million in share repurchases in the second quarter and expects another $100 million for the third quarter.

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(END) Dow Jones Newswires

August 06, 2026 10:24 ET (14:24 GMT)