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BOCA RATON, FL - Newsmax Inc. (NYSE:NMAX), a media company with a market capitalization of $2.94 billion, has recently reached a significant social media milestone, amassing a combined 20 million followers across various platforms. The media company announced that it achieved the highest per-follower social interaction rate among U.S. news networks for the first quarter of 2025 and the entire year of 2024. According to InvestingPro data, this social media success comes despite the stock’s challenging performance, having declined over 72% in the past six months.
The company’s social media presence spans multiple platforms, with over five million followers on Facebook, 4.1 million on Truth Social, 3.4 million on X, 2.4 million on YouTube, and millions more on other platforms. Newsmax’s social engagement has been on the rise, with a per-follower interaction rate on Facebook that was 241% greater than that of Fox News in 2024, and significantly higher when compared to CNN and MSNBC. This engagement growth aligns with the company’s revenue growth of 26.42% over the last twelve months, though InvestingPro analysis indicates the company is currently operating at a loss with negative EBITDA of $63.64 million.
On another platform, X, Newsmax’s engagement surpassed that of legacy networks such as ABC News, CBS News, and MSNBC by a wide margin. In the first quarter of 2025, Newsmax’s social interactions on Facebook soared to 27.4 million, marking a 123% increase from the same period in the previous year.
Corey Clayton, Newsmax’s Senior Director for Social Media, expressed that the milestone underscores the energized social audience around the Newsmax brand. Christopher Ruddy, the CEO of Newsmax, attributed the success to the company’s comprehensive approach to content distribution across all major media platforms.
The company also reported a 50% increase in the total audience for its cable channel year-over-year in the first quarter of 2025. This growth aligns with findings from a Reuters Institute study that recognized Newsmax as one of the top 12 news brands in the U.S. While audience growth remains strong, InvestingPro analysis suggests the stock is currently overvalued, with additional insights available through their comprehensive financial analysis tools. The stock currently trades at $22.94, significantly above its InvestingPro Fair Value estimate.
Newsmax, a publicly traded entity listed on the NYSE, operates Newsmax Broadcasting LLC and reaches over 40 million Americans regularly through its various media properties, including Newsmax TV, the Newsmax App, Newsmax.com, and Newsmax Magazine.
The information in this article is based on a press release statement from Newsmax Inc., and it should be noted that forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties. The company’s overall financial health score is currently rated as "Weak" by InvestingPro analysts, with 8 additional key insights available to subscribers.
In other recent news, Newsmax Inc. reported significant developments that could impact investors’ perspectives. The company announced robust audience growth in Nielsen’s first-quarter ratings for 2025, with a 690% increase in Total Day viewership and a 1,027% rise in Prime Time over the past five years. Newsmax also completed a successful initial public offering, raising $300 million. Additionally, the company entered into a standby equity purchase agreement with Yorkville Advisors, allowing Newsmax to sell up to $1.2 billion in shares over a 24-month period.
On the legal front, a Delaware judge ruled that Newsmax defamed Dominion Voting Systems, which could lead to Dominion seeking $1.6 billion in damages. The trial is set to begin in late April. In terms of strategic partnerships, Newsmax secured a multi-year licensing agreement with Supercanal to deliver its channel to three million households in the Dominican Republic. Furthermore, veteran news anchor Greta Van Susteren renewed her contract with Newsmax, continuing to host "The Record with Greta Van Susteren." These recent developments highlight Newsmax’s ongoing efforts to expand its reach and strengthen its financial position.
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