Comcast Spinoff Versant's Earnings Fell 16% to $670 Million in First 6 Months

Versant, the spinoff of Comcast made up of its legacy cable channels, released its first set of financial results which saw both revenue and profit for the first half of 2025 falling from a year ago. The company saw its profit for the first six months of the year fall 16% to $670 million and its revenue fell 6% to $3.42 billion, according to its filing with the Securities and Exchange Commission. The disclosure marks the first glimpse into the financial health of the spinoff, which includes among its assets cable channels such as MSNBC, CNBC, USA Network, SYFY and Oxygen, as well as digital . . .