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NEW YORK - Newsmax Inc. (NYSE:NMAX) reported second-quarter revenue of $46.4 million, an 18.4% increase year-over-year, driven by significant growth in its broadcasting segment. The company posted an adjusted loss per share of -$0.59 for the quarter ended June 30, 2025.
The company’s shares rose 1.7% following the earnings announcement.
Broadcasting revenue, which represents the company’s core business, soared 28.5% to $38 million compared to the same period last year. Advertising revenue, the largest component of Newsmax’s business, increased 26.2% to $29.9 million, fueled by higher Nielsen ratings that translated to improved advertising rates.
"We are excited to report another strong quarter with impressive financial and operational results that demonstrate the power of our growing cable and FAST channels," said Christopher Ruddy, Chief Executive Officer of Newsmax Inc.
The company reported a net loss of -$75.2 million compared to a loss of -$4.8 million in the prior year quarter, primarily due to a settlement with Dominion Voting Systems that was announced on August 18. Adjusted EBITDA was -$3.8 million, down from $1.9 million in the same quarter last year.
Newsmax maintained its full-year 2025 revenue guidance of $180 million to $190 million. The company ended the quarter with $197.9 million in cash and short-term investments, bolstered by its recent IPO.
The company continued to expand its reach, now available in approximately 60 million U.S. homes and over 100 countries. Newsmax also reported growth in its affiliate revenues, which increased 7.3% YoY to $7.3 million, and subscription revenues, which rose 5.2% YoY to $7 million.
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