1530 ET - Versant Media's 1Q results beat Wall Street's expectations on both the top and bottom lines, primarily driven by a major licensing deal for the reality show "Keeping Up With the Kardashians," TD Cowen analysts say in a note. The company's revenue was $1.69 billion, ahead of estimates of $1.61 billion, with nearly all of that upside due to content licensing, which included a particularly large sale of the show, the analysts say. The company's content licensing and other revenue came in at $121 million, more than doubling year over year and significantly beating the analysts' own estimate of $54 million, they say. However, such a lift from the Kardashian deal is atypical for the company, given its very consistently averaged around $50 million a quarter in licensing rights for several years, they say. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

May 14, 2026 15:30 ET (19:30 GMT)

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