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BOCA RATON - Newsmax Inc. (NYSE:NMAX), a media company with a market capitalization of $1.7 billion and impressive revenue growth of 20% year-over-year, announced Thursday that its subscription streaming service, Newsmax+, is now available on Comcast’s entertainment devices across the U.S., including Xfinity X1, Xfinity Flex, Xumo Stream Box and Xumo TV.
The service is priced at $4.99 per month or $49.99 annually and offers a free trial period. Newsmax+ includes the Newsmax channel live feed, Newsmax2, Newsmax en Espanol, and World at War, a military history channel. The service also features entertainment content including documentaries, movies, and classic series. According to InvestingPro data, the company maintains a strong financial position with a healthy current ratio of 3.57, indicating solid ability to meet short-term obligations.
"We’re very excited that Newsmax+ is now available to millions of Xfinity and Xumo customers across the U.S.," said Andy Biggers, Newsmax’s Senior Vice President of Distribution in the press release. While the stock currently trades near its 52-week low, InvestingPro analysis reveals 13 additional investment insights available to subscribers, including detailed valuation metrics and growth indicators.
Newsmax Inc., which trades on the NYSE under the ticker NMAX, operates the Newsmax channel through Newsmax Broadcasting LLC. According to the company statement, Newsmax’s media properties reach more than 40 million Americans regularly through various platforms including television, website, and publications.
The expansion to Comcast’s platforms provides Newsmax+ with access to both streaming and traditional pay-TV subscribers who can now access the app directly on their televisions.
In other recent news, Newsmax Inc. has projected its fiscal year 2025 revenue to be 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, a move that could enhance its visibility among institutional investors. Additionally, Newsmax has expanded its distribution network by securing a multi-year agreement with Hulu + Live TV, which will place its channel in approximately 60 million U.S. households starting in July 2025. The company has reached a significant milestone by amassing 20 million social media followers, achieving the highest per-follower social interaction rate among U.S. news networks for the first quarter of 2025 and throughout 2024.
Furthermore, Newsmax has entered into a multi-year licensing agreement with Supercanal to deliver its channel to three million households in the Dominican Republic. This deal includes advanced AI technology for live Spanish dubbing, expanding Newsmax’s reach in the Caribbean. The company has also appointed Ambassador Paula J. Dobriansky to its Board of Directors, expanding its board to include notable figures like former U.S. Secretary of Labor Alex Acosta. These developments reflect Newsmax’s strategic efforts to broaden its media presence and enhance its market position.
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