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Versant raises 2026 outlook on strength of platforms segment and advertising momentum
['Lillian Rizzo']
International: Top News And Analysis
Versant Media Group raised its full-year guidance on Thursday, boosted by momentum in its digital brands like Fandango and GolfNow, as well as what executives referred to as "strength" in its overall business model.
Revenue for the platforms segment — which includes Fandango and GolfNow — was up 0.8% to $225 million for the quarter.
Versant has launched a free, ad-supported Fandango streaming service in a bid to increase its advertising and users for the platform.
Overall, Versant revenue declined 3.8% year over year to $1.64 billion.
Disclosure: Versant Media Group is the parent company of CNBC.