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BOCA RATON, FL - Newsmax Inc. (NYSE:NMAX), a media company known for its cable news channel, has reported significant audience growth according to a recent Nielsen ratings report for the first quarter of 2025. The data shows that Newsmax's total audience has grown by 690% for Total Day viewership and 1,027% in Prime Time over the past five years, positioning it as the fourth most-watched cable news channel in the U.S.
The company, which completed a successful initial public offering last week, raising $300 million, has seen its viewership numbers rise across almost all of its programming. According to InvestingPro data, the stock has experienced significant volatility since its debut, with the share price currently at $34.71, representing a 44% decline over the past week. The company now maintains a market capitalization of $4.45 billion. Notably, eight million cable viewers watched Newsmax but not its competitor, Fox News, in the first quarter of 2025. The channel's daytime viewership increased by 27%, while Total Day viewership was up by 24% compared to the same period in 2024. Prime Time viewership also saw a 20% increase year-over-year.
Several Newsmax shows have experienced significant audience growth, with "Carl Higbie FRONTLINE" growing by over 45%, "Chris Plante Right Squad" by 33%, "FINNERTY" by 20%, "NEWSLINE with Bianca de la Garza" by 26%, and "Chris Salcedo Show" by 27%. "American Agenda" with hosts Katrina Szish and Bob Brooks also saw a 25% increase in viewership.
In the key demographic of Adults 35 to 64, Newsmax's performance was particularly strong, with nearly 15 million viewers tuning in, which represents a 63% increase from the previous year. The company's social media presence has also expanded to nearly 20 million followers across various platforms, and the Newsmax App has been downloaded over 16 million times.
While viewership growth has been impressive, InvestingPro data reveals that Newsmax achieved 26.42% revenue growth in the last twelve months, though the company remains unprofitable with negative EBITDA of $63.64 million. Christopher Ruddy, CEO of Newsmax Inc., attributed the network's record-breaking viewership to its coverage of news and issues that resonate with Americans. He noted that the rising ratings are positively impacting almost every aspect of the company's business.
Newsmax's reach extends beyond its cable channel to Newsmax2, a free streaming channel, Newsmax+, its streaming service, and its website, Newsmax.com. The company also publishes Newsmax Magazine and is available on all major cable systems and OTT platforms.
This report is based on a press release statement from Newsmax Inc. detailing its audience growth and recent IPO success. For deeper insights into Newsmax's financial health and growth prospects, InvestingPro subscribers have access to over 10 additional exclusive ProTips and comprehensive financial metrics that can help inform investment decisions.
In other recent news, Newsmax Inc. has entered into a standby equity purchase agreement with Yorkville Advisors, allowing the company to sell up to $1.2 billion in shares over a 24-month period. This agreement is designed to offer Newsmax flexibility in raising capital, as noted by CEO Christopher Ruddy. Additionally, Newsmax has been involved in legal proceedings as a Delaware judge ruled that the company defamed Dominion Voting Systems, allowing Dominion to seek $1.6 billion in damages. The trial to determine the damages is scheduled to begin in Wilmington.
The company also made headlines with its stock market activities, having recently completed its initial public offering (IPO) on the New York Stock Exchange. Newsmax raised $75 million by selling 7.5 million shares at $10 each, with the stock opening at $14. The stock experienced a significant surge, rising 735% on its debut and continuing to climb in subsequent pre-market trading. Despite this, Newsmax shares later experienced a sharp decline of 25% in premarket trading, following a period of extraordinary gains. These developments reflect the company's dynamic financial activities and market presence.
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