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Liberty Media vs Versant Media: revenue, profit, margins and growth compared

Liberty Media brought in $4.5B of revenue in fiscal 2025, Versant Media $6.7B in fiscal 2025. Revenue changed by +22.7% at Liberty Media and -5.3% at Versant Media on the year before, so Liberty Media grew faster. Liberty Media kept 12.4% of its revenue as net profit, Versant Media 13.9%. Free cash flow was $789M at Liberty Media and $1.9B at Versant Media.

Side by side, latest fiscal year

FWONKVSNT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.5B$6.7B
Revenue growth+22.7%-5.3%
Net income$555M$930M
Net margin12.4%13.9%
Free cash flow$789M$1.9B
Free cash flow margin17.6%27.7%
Earnings per share (diluted)n/an/a
Cash$1.1B$55M
Debt$5.1B$983M
Price to earningsn/an/a
Market value$23.8B$4.5B
Dividend yieldn/an/a
Rank by revenue in sector#139 of 587 · Industrials#105 of 587 · Industrials

Over the years

Revenue
FWONK FY2018: $8BFWONK FY2019: $10.3BFWONK FY2020: $9.4BFWONK FY2021: $11.4BFWONK FY2022: $3.2BFWONK FY2023: $3.6BFWONK FY2024: $3.7BFWONK FY2025: $4.5BVSNT FY2023: $7.4BVSNT FY2025: $7.1BVSNT FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25
FWONK $4.5BVSNT $6.7B
Net income
FWONK FY2018: $531MFWONK FY2019: $106MFWONK FY2020: -$1.4BFWONK FY2021: $398MFWONK FY2022: $1.8BFWONK FY2023: $761MFWONK FY2024: -$2.1BFWONK FY2025: $555MVSNT FY2023: $1.5BVSNT FY2025: $1.4BVSNT FY2025: $930MFY18FY19FY20FY21FY22FY23FY24FY25
FWONK $555MVSNT $930M
Net margin
FWONK FY2018: 6.6%FWONK FY2019: 1.0%FWONK FY2020: -15.2%FWONK FY2021: 3.5%FWONK FY2022: 57.4%FWONK FY2023: 21.3%FWONK FY2024: -56.5%FWONK FY2025: 12.4%VSNT FY2023: 20.7%VSNT FY2025: 19.3%VSNT FY2025: 13.9%FY18FY19FY20FY21FY22FY23FY24FY25
FWONK 12.4%VSNT 13.9%
Revenue growth
FWONK FY2019: +28.0%FWONK FY2020: -9.0%FWONK FY2021: +21.8%FWONK FY2022: -72.3%FWONK FY2023: +13.0%FWONK FY2024: +2.3%FWONK FY2025: +22.7%VSNT FY2025: -5.1%VSNT FY2025: -5.3%FY19FY20FY21FY22FY23FY24FY25
FWONK +22.7%VSNT -5.3%
Free cash flow
FWONK FY2018: $1.8BFWONK FY2019: $1.8BFWONK FY2020: $1.3BFWONK FY2021: $2BFWONK FY2022: $2.2BFWONK FY2023: $2BFWONK FY2024: $492MFWONK FY2025: $789MVSNT FY2023: $2.4BVSNT FY2025: $2.2BVSNT FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
FWONK $789MVSNT $1.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Liberty Media and Versant Media

Which is bigger by revenue, Liberty Media or Versant Media?

Versant Media is bigger by revenue: $6.7B in fiscal 2025, against $4.5B for Liberty Media in fiscal 2025.

Which keeps more of its revenue as profit, Liberty Media or Versant Media?

Liberty Media had a net margin of 12.4% in fiscal 2025; Versant Media had 13.9% in fiscal 2025.

Which grew revenue faster, Liberty Media or Versant Media?

In their latest fiscal years revenue changed by +22.7% at Liberty Media and -5.3% at Versant Media.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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