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DENVER - Veritone Inc. (NASDAQ:VERI), a technology company with a current market capitalization of $127.57 million, has formed a partnership with Newsmax to implement its Digital Media Hub technology for modernizing the news network’s production workflows and content management, according to a press release issued Thursday.
The collaboration will allow Newsmax to make its 20-year content archive searchable and accessible through Veritone’s aiWARE platform. The technology aims to help the news network better utilize its existing content library amid increasing demand for media assets. According to InvestingPro data, Veritone’s revenue declined by 12% in the last twelve months, highlighting the strategic importance of new partnerships.
"This partnership marks a pivotal chapter for Newsmax’s operational and commercial strategy," said Sean King, Chief Revenue Officer and General Manager of Veritone Commercial, in the statement.
The implementation comes as Newsmax operates 24/7 broadcasts while continuously expanding its content library. The Digital Media Hub application is designed to enable the newsroom to search through its archive more efficiently and make content globally accessible.
According to the announcement, the partnership also focuses on monetization opportunities for Newsmax’s content archive. Veritone’s licensing team will work with the news network to potentially develop new revenue streams from its existing media assets. With a significant debt burden of $117.65 million and negative EBITDA of $59.82 million, this partnership could provide crucial revenue opportunities for Veritone.
Veritone specializes in enterprise AI solutions for organizations in media, entertainment, public sector and talent acquisition industries. The company’s aiWARE platform orchestrates machine learning models to transform data sources into actionable intelligence.
The partnership represents Veritone’s ongoing efforts to provide media organizations with AI solutions that streamline operations as the industry continues to undergo digital transformation.
In other recent news, Veritone Inc. reported its financial results for the second quarter of 2025, highlighting a notable performance in its software and public sector segments. The company achieved a revenue of $24 million, which exceeded analysts’ forecasts of $21.91 million. However, the earnings per share (EPS) fell short of expectations, with an actual EPS of -$0.54 compared to the anticipated -$0.18. Veritone also announced that it processed over 5 trillion tokens through its Veritone Data Refinery during the same quarter. This platform, powered by the company’s aiWARE operating system, transforms raw video and audio content into structured, AI-ready tokens. These developments underscore Veritone’s ongoing efforts to enhance its technological capabilities and market presence. Analyst reactions to these results were not mentioned, but the company’s revenue performance indicates strong growth in its targeted sectors.
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