Comcast spinoff Versant Media to trade on Nasdaq under ticker 'VSNT'

Company Overview - Versent, a spin-off from Comcast, will be listed on NASDAQ under the ticker VSNT [1] - The company emphasizes its strong capitalization, multiple revenue streams, significant operating cash flows, and robust balance sheet [2] - Versent anticipates the capacity to return capital to shareholders following the separation [2] Revenue Performance - Revenue decreased from $78 billion in 2022 to $745 billion in 2023 [3] - Revenue further declined to $7 billion in 2024 [3] - Revenue for the first six months of the current year was $34 billion [4] Cash Flow Trends - Net cash provided by operating activities decreased from $25 billion in 2022 to $24 billion in 2023 [4] - Net cash further declined to $22 billion in 2024 [4] - Net cash for the first half of the current year was $11 billion [4] Balance Sheet Highlights - Total equity remained relatively stable, decreasing from $109 billion in 2024 to approximately $106 billion [5] - Adjusted EBITDA for the year ended December 31st of last year was $28 billion, and for the first six months of this year, it was $14 billion [5]