CNBC owner Versant Media Group has posted a strong Q1 release. Options data suggests VSNT shares will extend gains through the remainder of 2026.
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CNBC owner Versant Media Group has posted a strong Q1 release. Options data suggests VSNT shares will extend gains through the remainder of 2026.
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Shares in Versant Media rose to as high as $45 a share premarket, putting the stock within breathing distance of its initial opening price of $45.17 a share. In its second quarterly report since its spinoff from Comcast in January, Versant reported lower revenue and profit, but did better than Wall Street expected, prompting shares to rally as much as 15% ahead of the opening bell. Shares in Versant, which is home to got cable networks including CNBC, MS NOW and E!, got off to a rocky start after listing on the Nasdaq, dropping as low as $27.42 in February before they started to claw their way back up.
The gain came despite declines in the company’s revenue and net income on lower subscriber numbers and ad sales.
Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing deals and strong sales at businesses like Fandango helped cushion the impact of pay-TV cord cutting. The Comcast spinoff, whose portfolio is centered on cable networks, has been expanding the reach of major brands including CNBC and MS NOW to stay competitive as viewers increasingly move to streaming. For the January-March period, total revenue came in at $1.69 billion compared with estimates of $1.62 billion, according to data compiled by LSEG.
The company beat Wall Street expectations in its second earnings report since it was spun off from Comcast.
Arlo Technologies (NYSE:ARLO) reported record first-quarter 2026 revenue and earnings, with management pointing to rapid growth in paid accounts, higher average revenue per user and expanding services margins as the main drivers of the quarter. CEO Matt McRae described the period as a “spectacular