Versant delivered mixed results in its second quarter after spinning off from Comcast, with revenue and earnings per share both declining from the year-ago period.

Total revenue slipped 4% to $1.64 billion, while EPS dipped to $1.49 from $2.09.

The company, whose assets include cable TV networks like MS NOW and CNBC and digital platforms like Fandango, started trading last January after a spin-off from Comcast was finalized.

Over the long term (the company hasnā€™t specified a date), Versant hopes to achieve a 50-50 revenue split from linear TV and digital. Currently, the share is closer to 75-25.

The companyā€™s Platforms division posted $212 million in revenue, which was up a fraction from a year ago. Not counting SportsEngine, a property Versant sold off during the quarter, revenue in the platforms unit grew 9%.

Advertising revenue dipped less than 1% to $423 million, improving on a 13% decline in the prior-year quarter. The company cited a strong ratings showing in the period as well as additional revenue from the acquisition of Free TV Networks.

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