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BOCA RATON, FL - Newsmax Inc. (NYSE:NMAX), a prominent media company with a market capitalization of $3.02 billion, announced a significant expansion of its distribution network. The company has secured a multi-year agreement to offer its cable channel, Newsmax, on Hulu + Live TV, beginning in July 2025. This deal positions Newsmax alongside major news networks by ensuring its presence in approximately 60 million U.S. households. InvestingPro data shows the company achieved impressive revenue growth of 26.42% in the last twelve months, despite challenging market conditions.
As part of its growth strategy, Newsmax now boasts carriage agreements with all top pay TV operators in the United States. The inclusion in Hulu + Live TV’s lineup is expected to enhance the channel’s accessibility and viewership, aligning Newsmax’s household reach with that of CNN and Fox News. According to InvestingPro analysis, the stock has experienced significant volatility, with the share price declining over 70% in the past year, suggesting investors may be seeking clarity on the company’s path to profitability.
Newsmax, which is carried on all major cable and satellite systems, operates through Newsmax Broadcasting LLC and has established itself as one of the nation’s leading news outlets. The network is known for reaching over 40 million Americans regularly across various platforms, including Newsmax TV, the Newsmax App, Newsmax.com, and Newsmax Magazine. With annual revenue of $171 million and a gross profit margin of 49.15%, the company demonstrates strong operational efficiency despite reporting negative EBITDA of $63.64 million. Recognized by Forbes as "a news powerhouse," the company continues to make strides in expanding its media presence.
The announcement made on Thursday includes forward-looking statements regarding the company’s expectations and projections for the future. These statements are based on information currently available and are subject to various risks, uncertainties, and assumptions. Discover more detailed financial insights and 8 additional key ProTips by visiting InvestingPro. Newsmax cautions that these forward-looking statements are not guarantees of future performance and actual results may differ materially.
The company has communicated its intentions to notify shareholders, viewers, and the public when the Newsmax channel commences broadcasting on Hulu + Live TV this summer. The information provided is based on a press release statement from Newsmax Inc. and reflects the company’s latest strategic move within the media landscape. Based on current market analysis, InvestingPro’s Fair Value model suggests the stock may be trading above its intrinsic value.
In other recent news, Newsmax Inc. has reported significant growth in its audience, according to a Nielsen ratings report for the first quarter of 2025. The company saw a 690% increase in Total Day viewership and a 1,027% rise in Prime Time over the past five years. This development follows Newsmax’s successful initial public offering, which raised $300 million. Additionally, Newsmax Broadcasting has expanded its reach into the Caribbean through a multi-year licensing agreement with Supercanal, allowing the Newsmax channel to be broadcast to three million households in the Dominican Republic. In a separate development, a Delaware judge ruled that Newsmax defamed Dominion Voting Systems, clearing the path for Dominion to seek $1.6 billion in damages. Meanwhile, veteran news anchor Greta Van Susteren has renewed her contract with Newsmax, continuing her role on "The Record with Greta Van Susteren." Furthermore, Newsmax has reached a milestone of 20 million social media followers, leading engagement rates among U.S. news networks. These recent developments highlight Newsmax’s growing influence and presence in the media landscape.
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