Versant Media Group reports $47 million net income for Q3 2026

Item 6. Exhibits

Signatures

38

GENERAL MATTERS

Certain Definitions

"We," "us," "our," "Company," and "Versant" refer to Versant Media Group, Inc., and its consolidated subsidiaries.

Rounding

Numerical information in this report is presented on a rounded basis using actual amounts. Minor differences in totals and percentage calculations may exist due to rounding.

3

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. In some cases, you can identify these statements by forward-looking words such as "may," "might," "would," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," "opportunity," "strategy," "future," "goal," "commit," or "continue," the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections, forecasts or assumptions of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the risks and uncertainties discussed under the caption entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, our subsequently filed Quarterly Reports on Form 10-Q, and in other reports we file with the U.S. Securities and Exchange Commission ("SEC").

Our busines

Item 1. Financial Statements

VERSANT MEDIA GROUP, INC.

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF INCOME (UNAUDITED)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

(in millions, except per share data)

Revenue (a)¹

$ 1,594¹ $ 1,663 $ 4,925 $ 5,078

Costs and Expenses:

Costs of revenue (exclusive of depreciation and amortization) (a)

Depreciation and amortization

Operating income

Less: Net loss attributable to noncontrolling interests

— ( 1 ) — —

Net income attributable to Versant

$ 47 $ 80 $ 544 $ 749

Basic earnings per common share attributable to Versant shareholders

$ 0.34 $ 0.56 $ 3.86 $ 5.19

Diluted earnings per common share attributable to Versant shareholders

$ 0.34 $ 0.56 $ 3.85 $ 5.19

(a) Includes related party revenues totaling $ 184 million and $ 757 million, and related party costs of revenue totaling $ 464 million and $ 969 million, respectively, for the three and nine months ended September 30, 2025.

See accompanying notes to condensed consolidated and combined financial statements, including Note 12 for related party transactions.

5

VERSANT MEDIA GROUP, INC.

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

(in millions)

Net income $ 47 $ 79 $ 544 $ 749

Other comprehensive income, net of tax:

Currency translation adjustments, net of deferred taxes of $ 0 for each period