Versant earnings beat expectations as digital platforms drive growth

Versant Media announced third-quarter financial results that surpassed analyst expectations, with the company crediting strength across its diversified portfolio and expansion in platform-based revenue streams. The media conglomerate, which operates CNBC, Golf Channel, and other cable and digital properties, reported adjusted earnings before interest, taxes, depreciation and amortization of $353 million, exceeding StreetAccount estimates of $305 million.
Digital platform revenue reached $245 mi