Newsmax reports 18.4% revenue growth in second quarter

NEW YORK - Newsmax Inc. (NYSE:NMAX) reported second-quarter revenues of $46.4 million, an 18.4% increase from the same period last year, according to a press release issued Tuesday. The company, currently rated as "Fair" by InvestingPro’s Financial Health scoring system, maintains strong revenue momentum with a 20.18% growth over the last twelve months.

The company’s broadcasting revenues rose 28.5% year-over-year to $38 million, while advertising revenues increased 26.2% to $29.9 million. Affiliate revenues grew 7.3% to $7.3 million, and subscription revenues rose 5.2% to $7 million.

Despite the revenue growth, Newsmax reported a quarterly net loss of $75.2 million, compared to a $4.8 million loss in the prior-year quarter. The company attributed this primarily to a settlement with Dominion Voting Systems, which was announced Monday but recognized in the second-quarter financial results.

"This settlement enables us to move forward from the litigation and remain focused on delivering the trusted news and analysis our viewers rely on every day," said Christopher Ruddy, Chief Executive Officer of Newsmax.

The company maintained its full-year 2025 revenue guidance of $180 million to $190 million and reported $197.9 million in cash and short-term investments at the quarter’s end.

Newsmax continues to expand its distribution, reaching approximately 60 million U.S. homes and over 100 countries. The company extended partnerships with Fubo and launched on Hulu+, while also forming international agreements with providers in Israel, Armenia, and the Dominican Republic.

The company reported that it remains the fourth highest-rated cable news channel with over 26 million quarterly viewers and has grown its social media following to 20 million followers.

Newsmax was added to the Russell 2000® and Russell 3000® indexes during the quarter, which the company noted provides increased visibility to institutional investors.

In other recent news, Newsmax Inc. announced a settlement agreement with Dominion Voting Systems for $67 million, significantly less than the $1.6 billion originally sought in a defamation lawsuit. This settlement will be paid over three fiscal years, with Newsmax intending to fund it through revenues. Additionally, Newsmax has expanded its partnership with Fubo, launching Newsmax en Español on Fubo’s Latino plans. The company has also been added to the Russell 2000 Index, which is part of FTSE Russell’s annual reconstitution. This inclusion is significant as Russell indices are benchmarks for approximately $10.6 trillion in assets. Furthermore, Newsmax’s streaming service, Newsmax+, is now available on Comcast’s Xfinity and Xumo devices, offering a variety of content for $4.99 per month. The company also announced the appointment of Ambassador Paula J. Dobriansky to its Board of Directors, joining former U.S. Secretary of Labor Alex Acosta. These developments reflect Newsmax’s ongoing strategic initiatives and partnerships.

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