Newsmax joins Russell 2000 index as distribution expands

NEW YORK - Newsmax Inc. (NYSE:NMAX), a media company with a market capitalization of $1.72 billion, has been added to the U.S. small-cap Russell 2000® Index effective Monday, the company announced in a press release.

The media company’s inclusion in the Russell 2000® and broader Russell 3000® indices comes as part of FTSE Russell’s annual reconstitution. Russell indices serve as benchmarks for approximately $10.6 trillion in assets and are widely used by investment managers and institutional investors. InvestingPro data shows the company maintains strong liquidity with a current ratio of 3.57, though it faces profitability challenges with negative EBITDA of $24.43 million.

Newsmax has expanded its distribution network recently, securing placement on Hulu+ and reaching approximately 60 million U.S. households. The company has also established international distribution agreements in Israel, Armenia, and the Dominican Republic. This expansion has contributed to impressive revenue growth of 20.18% over the last twelve months. According to InvestingPro analysis, the stock currently appears overvalued based on its Fair Value assessment.

The company’s streaming service, Newsmax+, is now available on Comcast entertainment devices nationwide, including Xfinity X1, Xfinity Flex, Xumo Stream Box, and Xumo TV. InvestingPro subscribers can access 8 additional key insights about Newsmax’s financial health and growth prospects.

Newsmax Inc. operates Newsmax channel through Newsmax Broadcasting LLC. According to the company, its media properties reach more than 40 million Americans regularly through various platforms including Newsmax TV, the Newsmax App, website, and publications such as Newsmax Magazine.

The company completed its listing on the New York Stock Exchange under the ticker symbol NMAX earlier this year.

FTSE Russell, wholly owned by London Stock Exchange Group, calculates thousands of indices measuring markets and asset classes in more than 70 countries, covering 98% of the global investable market.

In other recent news, Newsmax Inc. has released its financial guidance for fiscal year 2025, projecting total revenue between $180 million and $190 million. The company is also set to join the Russell 2000 Index after the U.S. market opens on June 30, 2025, which could enhance its visibility among institutional investors. Newsmax has expanded its distribution network with a multi-year agreement to offer its channel on Hulu + Live TV, starting in July 2025, reaching approximately 60 million U.S. households. Additionally, the company’s subscription streaming service, Newsmax+, is now available on Comcast’s Xfinity and Xumo devices, broadening its access to streaming and traditional pay-TV subscribers.

In governance news, Ambassador Paula J. Dobriansky has been appointed to Newsmax’s Board of Directors, joining the Audit Committee alongside Alex Acosta. Newsmax has also achieved a significant social media milestone, amassing 20 million followers across various platforms and leading in social interaction rates among U.S. news networks. The company’s social media engagement is particularly strong on platforms like Facebook and X, outpacing legacy networks. Newsmax continues to be recognized as a leading news brand, with a reported 50% increase in its cable channel audience year-over-year in the first quarter of 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.