Newsmax Inc (NMAX)

Newsmax Forecasts $25 Million in International Revenue as Global Expansion Accelerates (NMAX)June 2, 2026 9:37 AM
IH Market News Newsmax Inc. (NYSE:NMAX) expects its international business to generate approximately $25 million in revenue during 2026, supported by continued growth across its television distribution, advertising and licensing activities worldwide. The company said expanding partnerships and increasing demand for localized news programming are helping drive the next phase of its international strategy. Licensing Revenue Expected to Increase Sharply A significant portion of the projected international revenue growth is expected to come from licensing agreements. Newsmax forecasts licensing revenue of roughly $16 million in 2026, a substantial increase from the $3.6 million reported in 2025. The company currently distributes its cable news network in more than 100 countries through a combination of pay-TV operators, satellite providers and streaming services. Local Partnerships Expand Global Reach Newsmax has continued to grow its international presence by partnering with regional media groups that license the Newsmax brand and launch local-language channels in their respective markets. Under these arrangements, the company receives revenue through brand licensing fees, advertising income and other partnership-related payments. Management said the model allows Newsmax to expand internationally while leveraging the expertise and distribution networks of local operators. Expansion Plans Extend Across Europe The company has secured agreements to broaden its footprint in several European markets, including Germany, Italy, Greece, Hungary, Bulgaria and Ukraine. These partnerships involve the launch and operation of local-language news channels carrying the Newsmax brand. Newsmax highlighted the success of its collaboration with Telekom Serbia, which began in 2022 and led to the creation of Newsmax Balkans, a Serbian-language news network serving audiences across the Balkan region. Poland Launch Scheduled for Next Week Building on that momentum, Newsmax and Telekom Serbia are preparing to introduce Newsmax Poland. The new venture is expected to be formally unveiled during an event in Warsaw next week, marking another step in the company’s European growth strategy. Management Highlights Strong International Demand Company executives said overseas expansion has progressed faster than originally anticipated. “Newsmax’s international growth has exceeded our expectations,” said Andy Biggers, Vice President of Distribution for Newsmax. “Our partners around the world recognize the demand for trusted news programming.” Chief Executive Officer Christopher Ruddy said the company’s growing international footprint demonstrates increasing awareness of the Newsmax brand among global audiences. Company Maintains 2026 Growth Outlook Alongside its international revenue projections, Newsmax reiterated its guidance for overall revenue growth of 13% in 2026. The company said it remains focused on expanding both its domestic and international operations while increasing audience reach through traditional television platforms and digital distribution channels. Newsmax also noted that it is currently the fourth most-watched cable news network in the United States, reaching approximately 30 million viewers through pay-TV providers. With licensing revenue expected to rise significantly and additional international launches planned, the company sees global expansion as an increasingly important contributor to its future growth strategy. Newsmax stock price Original: Newsmax Forecasts $25 Million in International Revenue as Global Expansion Accelerates (NMAX)

Newsmax Announces First Quarter 2026 Financial ResultsMay 14, 2026 4:05 PM
ACCESS NewswireCompany Reports Quarterly Revenues of $51.7 million, a 14.0% Year-Over-Year IncreaseBroadcast Revenues Increase to $43.7 million, a 20.8% Increase Year-Over-YearCompany Reaffirms Full-Year 2026 Revenue Guidance, Representing Accelerated Year-Over-Year Growth of 13% at the MidpointBOCA RATON, FL / ACCESS Newswire / May 14, 2026 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced its financial results for the first quarter ended March 31, 2026.First Quarter 2026 Business and Operational HighlightsDelivered broad first quarter audience reach, with 30.4 million total viewers and 13.3 million Adults 35-64, reinforcing Newsmax's position as the fourth highest-rated cable news channel and a top fifteen cable network across key dayparts.Continued to strengthen the Company's multi-platform audience ecosystem, with social media followers rising to 24.7 million as of March 31, 2026.Increased content offering through continued investment in Newsmax+ and in premium programming, including the expansion of World at War / War & Warriors, where available titles increased more than 200%.Continued to advance our international growth strategy by expanding our licensing agreement with Telecom Serbia and Newsmax Poland.Management Commentary"Newsmax delivered a strong start to 2026, with broad audience reach across cable, streaming and digital while continuing to strengthen the scale of our platform," said Christopher Ruddy, Chief Executive Officer of Newsmax. "In the first quarter, we increased viewership, gained traction with younger demographics and saw continued momentum across Newsmax2, Newsmax+ and social media. While the industry is lapping unusually high election-driven news consumption from early 2025, our first quarter rankings demonstrate that Newsmax continues to perform strongly in a more normalized environment. We are also making further strides as a global news brand and continuing to attract unique viewers that reinforce the significant opportunity we see in the under-served center-right market. These results reflect the strength of our brand, the loyalty of our audience and the value of our multi-platform strategy.""Looking ahead, we see meaningful opportunity to build on this momentum through continued investment in content, broader distribution and deeper audience engagement across all of our platforms," Ruddy continued. "As the media landscape evolves, we believe Newsmax is well positioned to expand its reach, strengthen monetization and deliver sustainable long-term growth by providing independent, values-driven journalism that resonates with viewers in the United States and around the world.""Our first quarter results reflect continued progress in executing our growth strategy," commented Darryle Burnham, Chief Financial Officer of Newsmax. "We saw solid revenue growth driven by affiliate fees and licensing, while we continue to invest behind this growth in programming, production and our OTT initiatives to support long-term expansion. With a strong balance sheet and disciplined approach to capital allocation, we remain confident in our financial outlook and are maintaining our full-year guidance as we continue to invest in initiatives that drive sustainable, long-term shareholder value."Financial Results:Revenue by Segment by Component Table (unaudited):($ in millions) Three Months Ended March 31, 2026 2025 $ Change % Change Broadcasting Advertising $23.7 $24.6 $(0.9) (3.7)% Affiliate fee 13.0 7.4 5.6 75.2% Subscription 3.5 3.7 (0.2) (5.9)% Licensing 3.5 0.4 3.0 697.1% Total Broadcasting revenues $43.7 $36.2 $7.5 20.8%
Digital Advertising $3.5 $4.3 $(0.8) (18.1)% Subscription 3.0 3.3 (0.3) (10.1)% Product sales 1.5 1.6 (0.1) (3.5)% Total Digital revenues $8.0 $9.1 $(1.2) (12.7)% Total Revenues $51.7 $45.3 $6.4 14.0% First Quarter 2026 Financial Highlights:Newsmax reported total quarterly revenues of $51.7 million for the three-month period ended March 31, 2026, representing a 14.0% year-over-year increase.Total broadcasting revenues grew 20.8% year-over year to $43.7 million for the first quarter of 2026, primarily driven by an increase in affiliate fee revenue attributed to timing of new contractual relationships and expanded international licensing agreements.Newsmax reported a quarterly net loss of $(2.2) million as compared to a net loss of $(17.2) million reported in same quarter in the prior year, primarily driven by higher total revenue, lower legal expenses and improved other income, partially offset by higher production headcount, programming and production costs, continued investment in Newsmax2 and higher stock-based compensation.Quarterly adjusted EBITDA was $(0.4) million, a decrease of $(0.8) million from the amount reported in the same quarter last year, primarily due to higher production, programming and personnel costs to support ongoing content and OTT investment, partially offset by growth in affiliate fee revenue in the broadcast segment. See reconciliation of net loss to adjusted EBITDA below.The Company ended the quarter with $129.1 million in cash and short-term investments. Cash and cash equivalents were $17.2 million and short-term investments were $111.9 million.The Company is reiterating its previously issued full-year 2026 revenue guidance of $212 million to $216 million, representing 13% year-over-year growth at the midpoint of the range.About NewsmaxNewsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 25 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."For more information, please visit Investor Relations | Newsmax Media, Inc.Investor ContactsNewsmax Investor Relations
ir@newsmax.comForward-Looking StatementsThis communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares previously registered for resale, or other uncertainties and the factors set forth in the sections entitled "Risk Factors" in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2025 and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURESThis press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). This financial measure is Adjusted EBITDA.Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies.Adjusted EBITDA1 is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation, amortization related to the incremental costs to obtain a contract, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, stock-based compensation, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense.You are encouraged to evaluate each adjustment used in calculating our non-GAAP financial measure and the reasons we consider our non-GAAP financial measure appropriate for supplemental analysis. In evaluating our non-GAAP financial measure, you should be aware that in the future we may incur expenses similar to the adjustments in our presentation. Our non-GAAP financial measure has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Our presentation of our non-GAAP financial measure should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Our non-GAAP financial measure may not be comparable to other companies. Please see a historical reconciliation of this measure to the most comparable GAAP measure presented in our consolidated financial statements below.1 The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net loss, which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net loss to adjusted EBITDA.NEWSMAX INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited) March 31,
2026 December 31,
2025 ASSETS Current assets: Cash and cash equivalents $17,198,760 $20,433,021 Funds held in escrow 20,000,000 20,000,000 Investments 111,896,268 110,895,693 Accounts receivable, net 38,293,087 33,414,435 Inventories, net 2,010,130 2,027,168 Prepaid expenses and other current assets 10,704,282 8,690,490 Total current assets 200,102,527 195,460,807 Property and equipment, net 6,902,752 6,264,885 Right of use assets 7,893,359 8,823,716 Other assets 11,359,217 9,293,670 Funds held in escrow - 20,000,000 Total assets $226,257,855 $239,843,078 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $16,277,687 $16,770,777 Accrued expenses 20,008,943 14,894,949 Deferred revenue 13,480,873 12,599,119 Lease liability 3,643,566 4,062,971 Settlement liability 26,250,513 26,487,028 Share repurchase liability 6,461,320 6,461,320 Total current liabilities 86,122,902 81,276,164 Long-term liabilities: Deferred revenue, net of current portion 2,522,836 3,148,945 Lease liability, net of current portion 4,681,137 5,292,095 Other long-term liabilities 3,879,167 925,000 Settlement liability, net of current portion 22,027,017 43,152,322 Total liabilities 119,233,059 133,794,526 Stockholders' equity Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding at par as of March 31, 2026 and December 31, 2025; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,899,158 and 89,889,822 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively. 129,138 129,129 Additional paid-in capital 436,731,324 433,325,830 Accumulated other comprehensive income 223,316 464,365 Accumulated deficit (330,058,982) (327,870,772)Total stockholders' equity 107,024,796 106,048,552 Total liabilities and stockholders' equity $226,257,855 $239,843,078 NEWSMAX INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE THREE MONTHS ENDED MARCH 31,
(Unaudited) 2026 2025 Revenues: Service revenue $50,146,781 $43,735,340 Product revenue 1,511,710 1,566,367 Total revenues 51,658,491 45,301,707 Cost of services 30,761,471 24,648,465 Cost of products sold 968,292 1,191,106 Gross profit 19,928,728 19,462,136 General and administrative expenses: Personnel costs 9,048,634 8,013,416 Advertising costs 5,361,998 4,418,454 Depreciation 566,819 736,875 Other corporate matters - 9,667,603 Other 9,420,361 8,198,568 Total general and administrative expenses 24,397,812 31,034,916 Loss from operations (4,469,084) (11,572,780) Other income (expense), net Interest and dividend income 1,343,812 1,054,286 Interest expense (2,950) (6,055)Unrealized gain on marketable securities 978,911 1,585,580 Other, net (38,899) (8,288,556)Total other income (expense), net 2,280,874 (5,654,745) Net loss before income taxes (2,188,210) (17,227,525) Income tax expense - 5,000 Net loss $(2,188,210) $(17,232,525) Other comprehensive income: Unrealized (loss) gain on available for sale debt investments, net of income tax (241,049) 482,391 Comprehensive loss $(2,429,259) $(16,750,134) Weighted average common stock outstanding, basic and diluted 128,491,597 44,895,546 Net loss per share attributable to common stockholders, basic and diluted $(0.02) $(0.49)NEWSMAX INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31,
(Unaudited) 2026 2025 Cash flows from operating activities: Net loss $(2,188,210) $(17,232,525)Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 1,523,571 1,540,440 Stock-based compensation 3,355,369 1,577,109 Change in fair value of warrant liability - 1,824,179 Change in fair value of derivative liability - 6,104,230 Provision for (recovery of) credit losses 331,760 (118,266)Unrealized gain on investments (890,275) (1,585,580)Lease expense 930,357 889,411 Changes in operating assets and liabilities: Accounts receivable (5,210,412) (540,358)Inventory 17,038 (90,331)Prepaid expenses and other current assets (2,013,792) (758,633)Funds released from escrow 20,000,000 - Other asset (3,022,299) (472,398)Accounts payable (1,407,567) 577,173 Accrued expenses 5,113,994 4,006,055 Lease liabilities (1,030,363) (1,005,711)Settlement liability (21,361,820) (10,322,243)Other long-term liabilities 2,954,167 - Deferred revenue 255,645 (118,511)Net cash used in operating activities (2,642,837) (15,725,959) Cash flows from investing activities: Purchase of investments (351,349) (36,672,837)Proceeds from maturity of investments - 7,250,000 Purchase of property and equipment (242,854) (40,786)Net cash used in investing activities (594,203) (29,463,622) Cash flows from financing activities: Proceeds from issuance of convertible preferred stock, net - 80,742,222 Proceeds from issuance of common stock IPO, net - 67,469,857 Proceeds from exercise of stock options 50,134 - Payment of dividend - (304,930)Principal payment under finance lease obligation (47,355) (51,761)Net cash provided by financing activities 2,779 147,855,388 Net change in cash (3,234,261) 102,665,806 Cash and cash equivalents - beginning 20,433,021 24,052,887 Cash and cash equivalents - ending $17,198,760 $126,718,693 NEWSMAX INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE THREE MONTHS ENDED MARCH 31,
(Unaudited) 2026 2025 Supplemental disclosures of cash flow information: Operating lease assets obtained in exchange for operating lease liabilities $- $28,391 Interest paid $- $586 Non-cash investing transactions: Property and equipment acquired through accounts payable: $914,477 $195,722 Non-cash financing activities: Common stock issuance costs acquired through accounts payable $- $(337,458)Common stock issuance costs reclassified from prepaid expenses $- $(1,798,989)Issuance of warrants in connection with the issuance of convertible stock $- $1,144,976 Preferred stock cancellations to be refunded $- $(115,000)Accrued dividends payable $- $610,139 IPO funds receivable in escrow $- $750,000 NEWSMAX INC.
NON-GAAP ADJUSTED EBITDA RECONCILIATION
FOR THE THREE MONTHS ENDED MARCH 31,
(Unaudited) 2026 2025 Net loss $(2,188,210) $(17,232,525)Add Depreciation 566,819 736,875 Amortization 192,562 39,375 Interest, net (1,340,862) (1,048,231)Unrealized gain on marketable securities (978,911) (1,585,579)Stock-based compensation 3,355,369 1,577,110 Other corporate matters2 - 9,667,603 Other, net3 38,899 8,288,556 Income tax expense - 5,000 Adjusted EBITDA4 $(354,336) $448,184 2 Comprised of certain litigation expenses, and related fees, for specific legal proceedings that we have determined are infrequent and unusual in terms of their magnitude.3 Comprised of miscellaneous items such as derivative adjustments, income tax credits, and unrealized gains on securities4 For a discussion of Adjusted EBITDA, see "Non-GAAP Financial Measures".SOURCE: Newsmax Inc.View the original press release on ACCESS NewswireOriginal: Newsmax Announces First Quarter 2026 Financial Results

Newsmax Audience Surges in April, Hits Records in GrowthMay 7, 2026 4:01 PM
ACCESS NewswireKey Programs See Ratings SurgesBOCA RATON, FL / ACCESS Newswire / May 7, 2026 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced that the Company continues to deliver strong audience growth across its cable channel, streaming services, digital properties and social media platforms - further solidifying its position as one of America's fastest-growing news brands.Now carried on all major cable systems, Newsmax has significantly expanded distribution over the past year with the addition of Hulu Live TV while also successfully renewing all major existing pay-TV agreements, including DISH, Verizon, Mediacom, FUBO, Optimum and Charter.According to Nielsen data, the Newsmax channel continues its impressive upward trajectory:Total audience reach climbed to 16.6 million viewers in April 2026 - up 27% year-over-yearMore than 7 million viewers in the key 35-64 demographic tuned in during April 2026Q1 2026 total viewership reached 30.4 million - up 29% versus Q4 2025Newsmax also posted major ratings gains across its programming lineup in April versus Q1 averages:Wake Up America up 17%Carl Higbie Frontline up 8%Rob Schmitt Tonight up 7%Finnerty up 11%Greg Kelly Reports up 9%Importantly, all Newsmax dayparts and key demographics witnessed substantial growth in Q1 2026, underscoring the network's broad-based momentum and expanding appeal with viewers nationwide.Beyond television, Newsmax is rapidly growing its digital footprint.The Company recently surpassed 25 million social media followers, marking a record-breaking milestone with strong growth across all major platforms.Newsmax CEO Christopher Ruddy said the Company's multi-platform strategy is clearly delivering results."Our strategy is working. We are continuing to build audiences and engagement across every platform and for every audience," Ruddy said."We have a tremendous foundation in the pay-TV ecosystem, and as ratings continue to grow, so do our cable affiliate revenues."The Company is already projecting a 13% revenue increase in 2026, fueled by accelerating growth in advertising, affiliate fees, streaming and international licensing.Newsmax also expects significant expansion for Newsmax+, its paid streaming service and Newsmax2, its free streaming channel now available on nearly all major OTT platforms.The Company has also indicated it is seeing significant growth in international distribution and brand licensing and expects to make announcements on this segment soon.Today, Newsmax content is available in more than 100 countries worldwide, creating additional opportunities for advertising revenue, licensing partnerships and global brand growth.For more information, please visit Investor Relations | Newsmax Inc.About NewsmaxNewsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 25 million combined followers. Reuters Institute has said Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."Investor Contacts
Newsmax Investor Relations
ir@newsmax.comSOURCE: Newsmax Inc.View the original press release on ACCESS NewswireOriginal: Newsmax Audience Surges in April, Hits Records in Growth

Newsmax to Report First Quarter 2026 Financial ResultsApril 23, 2026 4:05 PM
ACCESS NewswireBOCA RATON, FL / ACCESS Newswire / April 23, 2026 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced that the Company will report financial results for the first quarter ended March 31, 2026 on Thursday, May 14, 2026, after the U.S. stock market closes.Management will host a conference call at 4:30 PM ET the same day to discuss the results. The live webcast and replay will be available on the Newsmax Investor Relations website at ir.newsmax.com.About NewsmaxNewsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 24 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."For more information, please visit Investor Relations | Newsmax Inc.Investor ContactsNewsmax Investor Relations
ir@newsmax.comSOURCE: Newsmax Inc.View the original press release on ACCESS NewswireOriginal: Newsmax to Report First Quarter 2026 Financial Results

Wowzers!!!!
Time for blastoff!!!!!

From Chris Ruddy CEO
Dear Fellow Shareholders,
I am pleased to write to you following a defining year for Newsmax, our first as a public company, and to share both
our progress in 2025 and our vision for the future.
Fiscal year 2025 was an important milestone in our company’s history. In a year when many traditional media
companies faced headwinds due to the absence of a major election cycle, Newsmax delivered strong performance at
the high end of our expectations. This success reflects the strength of our brand, the loyalty of our audience, and the
continued momentum of our multi-platform strategy.
Fiscal year 2025 marked an important chapter in our company’s evolution. We achieved solid financial and
operational progress while completing our transition to a publicly traded company.
Key highlights from 2025 include:
• Revenue growth of 10.7%, reaching a record $189.3 million
• Broadcast revenue increased 17.3%, driven by advertising, affiliate fees, subscriptions, and licensing
• Affiliate fees grew 14.9%, reflecting strong distribution partnerships
• Total advertising revenue rose 10.2%
• Product sales increased 20.7%, led by strong publishing performance
• Ended the year with approximately $131 million in cash and short-term investments with no long-term debt.
This amount excludes restricted cash on hand that fully funds the Dominion Voting Systems, Inc. legal
settlement.
These results are especially meaningful given the broader media environment. While many companies are
contracting, Newsmax continues to demonstrate that growth is achievable with the right strategy, discipline, and
audience focus.
These results also highlight the durability of our diversified revenue model and the growing demand for independent,
values-driven journalism. What makes Newsmax unique is that we are not confined to a single medium. We are not
just a cable network, nor just a streaming service, nor simply a digital publisher, we are all of these and more.
Over time, we have built an integrated media ecosystem that allows us to reach audiences wherever they are and to
monetize engagement across multiple platforms. This ability to connect traditional television with digital media in a
seamless and scalable way is a key driver of our growth and a significant competitive advantage.
A major focus in 2025 was expanding our distribution footprint, both domestically and internationally. We made
significant progress to this end:
• Newsmax is now available in more than 100 countries
• Launched new international agreements in France, Israel, and Cyprus
• Announced Newsmax Ukraine, which launched in February 2026
• Expanded domestic reach through partnerships including Hulu TV and our multi-year renewal
These efforts not only expand our reach but also create new opportunities for revenue growth through licensing and
affiliate fees. Our audience growth continues to validate our strategy. Our cable network reaches more than 58 million
households, our streaming channel is available to over 100 million devices, and across all platforms we now engage
approximately 50 million Americans regularly through our platforms.
We remain the fourth highest-rated cable news channel in the country and ranked sixth among all cable channels in
total day ratings, according to Nielsen. At the same time, our social media presence grew to more than 24 million
followers, an increase of over 17 percent year-over-year.
This scale and engagement are critical, as they drive advertising demand, strengthen our negotiating position with We are also making significant strides in streaming, which we believe represents one of the most important
opportunities in the evolving media landscape.
Our free streaming channel, Newsmax2, continues to expand rapidly. It is now available across nearly all major
streaming platforms and is distributed over-the-air in dozens of U.S. markets, including most of the top 20. We have
invested in programming, talent, and production capabilities to support this growth, with the goal of becoming the
leading streaming news channel.
At the same time, we continue to develop Newsmax+, our subscription streaming service. We ended the year with
more than 260,000 paid subscribers. We continue to take steps to strengthen the platform by expanding our library of
on-demand content, improving the user experience, and increasing distribution. We believe there is a clear
opportunity in the market for a service that combines trusted news with family-friendly entertainment, and we are
committed to unlocking that potential.
From a financial standpoint, 2025 was also a year of transition. We completed our initial public offering and resolved a
significant legal matter, both of which required substantial investment in money and time. As a result, we reported a
net loss for the year, largely driven by one-time expenses, including a legal settlement and costs associated with
becoming a public company. Importantly, these items do not reflect the underlying strength of our business. We exited
the year with approximately $131 million in cash and short-term investments and no long-term debt, giving us
meaningful financial flexibility as we move forward.
Looking ahead, we expect 2026 to be a year of accelerated growth. We are projecting revenue range of
approximately $212 - $216 million, representing an increase of 13% at the midpoint of the range. This growth is not
dependent on political advertising cycles but is instead driven by the fundamental strength of our business.
We anticipate continued growth in affiliate fees, further gains in domestic and international distribution, and improved
monetization across our digital and streaming platforms. With most of our legal settlement and public company
transition costs behind us, we also expect improved operating leverage and greater alignment between our
investments and revenue growth.
The broader media landscape is changing rapidly. Trust in legacy media has declined to all time lows, and audiences
are increasingly seeking alternatives that provide credible, independent perspectives. Newsmax has emerged as a
trusted voice in this environment, and our continued growth demonstrates that we are meeting a real and expanding
need.
At the same time, consumption habits are shifting toward streaming and on-demand platforms. Because we began as
a digital media company, we are well positioned to adapt to these changes and to lead in this new era. Our long-term
vision is clear. We aim to build Newsmax into one of the most trusted and influential news brands in the United States
and around the world.
We enter 2026 from a position of strength, with a solid balance sheet, a scalable business model, and a deeply
engaged audience. We will continue to invest in content, expand our distribution, and enhance our multi-platform
capabilities, all while maintaining a disciplined approach to growth and cost management.
Most importantly, we have the support of our viewers, readers, advertisers, and shareholders. Your confidence in
Newsmax has been instrumental in our success, and we are grateful for your continued partnership.
On behalf of our entire team, thank you for your support. We are excited about the opportunities ahead and remain
committed to delivering long-term value.
Respectfully submitted,
Christopher Ruddy
Chief Executive Officer and Chairman of the Board

Wowzers. I believe NMAX is going UP now!!

Newsmax Announces Fourth Quarter and Fiscal Year 2025 Financial ResultsMarch 26, 2026 4:05 PM
ACCESS NewswireCompany Reports Record Full-Year Revenues of $189.3 million, a 10.7% Year-Over-Year Increase, Outpacing Election-Year ComparisonBroadcast Revenues Increase to $153.3 million, a 17.3% Increase Year-Over-YearNewsmax Remains the Fourth Highest-Rated Cable News Channel, Reaching More Than 58 Million Total ViewersCompany Projects Accelerated Revenue Growth in 2026BOCA RATON, FL / ACCESS Newswire / March 26, 2026 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced its financial results for the fourth quarter and full-year ended December 31, 2025.2025 Business and Operational HighlightsDelivered record full-year 2025 revenues of $189.3 million, representing a 10.7% year-over-year increase and achieving results at the high end of the Company's full-year guidance range, despite a challenging post-election year comparison.Expanded domestic distribution through new and renewed multi-year carriage agreements, including a multi-year renewal with YouTube TV, maintaining Newsmax's placement in the platform's base package and extending Newsmax+ availability through YouTube Prime-time Channels beginning in 2026.Advanced the Company's international expansion strategy through new multi-year distribution agreements across Europe and the Middle East, including launches in France, Israel and Cyprus, and a brand license agreement to launch Newsmax Ukraine, extending the Company's reach to more than 100 countries worldwide.Continued to scale the Company's streaming and digital platforms through the expansion of Newsmax2 across major FAST and connected TV platforms and ongoing investment in exclusive content for the Newsmax+ subscription service.Maintained Newsmax's position as the fourth highest-rated cable news channel in the United States while expanding total audience reach across cable, streaming, digital and social media platforms, reaching more than 58 million total viewers in 2025 and finishing #6 among all cable channels in total day ratings, according to Nielsen.Management Commentary"Fiscal year 2025 was a defining year for Newsmax," said Christopher Ruddy, Chief Executive Officer of Newsmax. "In our first year as a public company, we delivered double digit revenue growth and expanded our audience reach across cable, FAST and digital platforms, even in a non-election year when industry-wide viewership and advertising demand typically normalize. We broadened both our domestic and international distribution footprint, extending Newsmax to new platforms and markets around the world, while reinforcing our position as the fourth highest-rated cable news network. These achievements underscore the strength of our multi-platform model and diversified revenue streams that benefit from the continued demand for independent, values-driven journalism, which resonates with audiences across all of our platforms."Ruddy continued, "Looking ahead, with key milestones completed and the costs of becoming a public company largely absorbed, we are well positioned to accelerate our growth trajectory with strategic investment initiatives across content, distribution and technology. As we enter 2026 , we believe Newsmax is entering this next chapter from a position of strength, supported by a solid financial foundation, expanding distribution and a clear focus on sustainable, long-term growth for our shareholders." Financial Results:Revenue by Segment by Component Summary Table (unaudited):($ in millions) Three Months Ended December 31, Year Ended December 31, 2025 2024 % Change 2025 2024 % Change Broadcasting Advertising $29.8 $27.0 10.5% $104.3 $89.4 16.7%Affiliate fee 7.8 6.6 17.9% 30.6 26.7 14.9%Subscription 3.6 3.7 (0.7)% 14.9 12.4 20.2%Other 1.2 0.4 176.9% 3.6 2.3 53.9%Total Broadcast revenues $42.5 $37.8 12.6% $153.3 $130.7 17.3% Digital Advertising $4.1 $5.0 (17.3)% $16.0 $19.7 (19.0)%Subscription 3.0 3.4 (10.2)% 12.7 14.5 (13.0)%Product sales 2.6 1.6 64.2% 7.3 6.0 20.7%Total Digital revenues $9.7 $9.9 (2.0)% $35.9 $40.3 (10.9)%Total Revenues $52.2 $47.7 9.6% $189.3 $171.0 10.7% Fourth Quarter 2025 Financial Highlights:Newsmax reported total quarterly revenues of $52.2 million for the three-month period ended December 31, 2025, representing a 9.6% year-over-year increase.Total broadcasting revenues grew 12.6% year-over year to $42.5 million for the fourth quarter of 2025, underscoring continued growth even in a non-election year. This was driven by affiliate fee revenue growth, higher ratings and pricing for broadcasting ad revenue, and licensing growth.Newsmax reported a quarterly Net Loss of $(3.0) million as compared to a net loss of $(6.9) million reported in same quarter in the prior year, primarily driven by higher strategic investments in headcount, programming and production capabilities to support the ongoing expansion and enhancement of our content offering, stock-based compensation costs, offset by higher broadcasting advertising, affiliate fees, book sales and licensing revenue.Quarterly adjusted EBITDA was $(1.3) million, a decrease of $(3.8) million from the amount reported in the same quarter last year, primarily due to higher production and programming expense, increased personnel, increase legal, consulting and public company costs. (See reconciliation of net loss to adjusted EBITDA below).The Company ended the quarter with $131.3 million in cash and short-term investments. cash and cash equivalents were $20.4 million and short-term investments were $110.9 million.Fiscal Year 2025 Financial Highlights:Newsmax reported total revenues of $189.3 million for the year ended December 31, 2025, representing a 10.7% year-over-year increase.Total broadcasting revenues increased 17.3% year-over-year to $153.3 million, driven by an increase in advertising revenue due to higher ratings and pricing, timing of new affiliate contractual relationships and growth of subscription revenue from Newsmax+.Newsmax reported a net loss of $(99.5) million for full year 2025, largely driven by approximately $79 million in legal settlement expenses, along with stock-based compensation costs, non-cash derivative and warrant liability adjustment and higher production and programming investments, partially offset by higher Broadcasting advertising revenues, affiliate fees and licensing fees.Full-year adjusted EBITDA was $(6.5) million, reflecting continued strategic investments in content, talent, technology and public company infrastructure. (See reconciliation of net loss to adjusted EBITDA below).Fiscal Year 2026 OutlookThe Company is issuing full-year 2026 guidance as follows:Full-year revenue of $212 million to $216 million, representing 13% year-over-year growth at the midpoint of the range."Our full-year 2025 results reflect disciplined execution across the business, with revenue performance at the high end of our guidance range despite a challenging post-election comparison," commented Darryle Burnham, Chief Financial Officer of Newsmax. "We ended the year with a strong balance sheet and increased financial flexibility following our transition to a public company, and as we look ahead, we are confident in our financial outlook and are focused on prudent investment in content, technology and distribution initiatives that support sustainable, long-term shareholder value."About NewsmaxNewsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 24 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."For more information, please visit Investor Relations | Newsmax Inc.Investor ContactsNewsmax Investor Relations
ir@newsmax.com Forward-Looking StatementsThis communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares previously registered for resale, or other uncertainties and the factors set forth in the sections entitled "Risk Factors" in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2025 and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURESThis press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). This financial measure is Adjusted EBITDA.Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies.Adjusted EBITDA1 is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation and amortization, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense.You are encouraged to evaluate each adjustment used in calculating our non-GAAP financial measure and the reasons we consider our non-GAAP financial measure appropriate for supplemental analysis. In evaluating our non-GAAP financial measure, you should be aware that in the future we may incur expenses similar to the adjustments in our presentation. Our non-GAAP financial measure has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Our presentation of our non-GAAP financial measure should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Our non-GAAP financial measure may not be comparable to other companies. Please see a historical reconciliation of this measure to the most comparable GAAP measure presented in our consolidated financial statements below._________________1 The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net loss to adjusted EBITDA on page 11. NEWSMAX INC.
CONSOLIDATED BALANCE SHEET(unaudited) December 31,
2025 December 31,
2024 ASSETS Current assets Cash and cash equivalents $20,433,021 $24,052,887 Funds held in escrow 20,000,000 - Investments 110,895,693 58,310,955 Accounts receivable, net 33,414,435 28,265,721 Inventories, net 2,027,168 1,792,697 Prepaid expenses and other current assets 8,690,490 8,925,294 Total current assets 195,460,807 121,347,554 Property and equipment, net 6,264,885 6,225,617 Right-of-use assets - operating leases 8,823,716 7,191,606 Other assets 8,711,807 10,698,660 Security deposits 581,863 609,426 Funds held in escrow 20,000,000 - Total assets $239,843,078 $146,072,863 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities Accounts payable $16,770,777 $14,670,846 Accrued expenses 11,837,167 9,882,720 Accrued payroll 2,826,595 2,220,872 Accrued distribution 231,187 1,068,366 Deferred revenue 12,599,119 13,652,699 Operating lease liability 3,938,001 3,894,102 Finance lease liability 124,970 199,237 Settlement liability 26,487,028 29,099,265 Share repurchase liability 6,461,320 - Warrant liability - 6,499,821 Derivative liability - 41,459,418 Total current liabilities 81,276,164 122,647,346 Long-term liabilities Deferred revenue - non-current 3,148,945 2,835,218 Operating lease liability - non-current 5,287,134 4,049,256 Finance lease liability - non-current 4,961 129,930 Other long-term liabilities 925,000 - Settlement liability - non-current 43,152,322 25,477,941 Total liabilities $133,794,526 $155,139,691  NEWSMAX INC.
CONSOLIDATED BALANCE SHEETS (CONTINUED)(unaudited) December 31,
2025 December 31,
2024 Commitments and contingencies (Note 11) Convertible and redeemable preferred stock, $0.001 par value; 11,034 shares authorized; and 0 and 5,575 shares issued and outstanding as of December 31, 2025 and December 31, 2024 $- $128,576,901 Stockholders' equity (deficit) Convertible and redeemable preferred stock, $0.001 par value; 60,000 shares authorized; and 0 and 27,612 shares issued and outstanding as of December 31, 2025 and December 31, 2024 - 86,742,045 Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,889,822 shares issued and outstanding at December 31, 2025. Class A common stock, 0.001 par value; 50,000,000 Class A shares authorized; 68,127,538 Class A shares issued and outstanding at December 31, 2024; 940,000,000 Class B shares authorized; 0 Class B shares issued and outstanding at December 31, 2024 (1) 129,129 10 Treasury stock, 0 and 27,061,584 shares at cost, respectively - (14,622,222)Additional paid-in capital 433,325,830 18,056,702 Accumulated other comprehensive income (loss) 464,365 (52,849)Accumulated deficit (327,870,772) (227,767,415)Total stockholders' equity (deficit) 106,048,552 (137,643,729)Total liabilities, convertible and redeemable preferred stock and stockholders' equity (deficit) $239,843,078 $146,072,863  NEWSMAX INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
Years Ended December 31,(unaudited) 2025 2024 Revenues Service revenue $182,001,581 $165,006,126 Product revenue 7,253,340 6,010,329 Total revenues 189,254,921 171,016,455 Cost of services 110,417,854 87,769,267 Cost of products sold 4,414,694 5,252,014 Gross profit 74,422,373 77,995,174 General and administrative expenses Personnel costs 32,937,356 25,564,977 Advertising costs 21,673,886 16,872,315 Professional fees 13,441,528 6,714,104 Rent and utilities 6,003,909 5,978,377 Depreciation 2,789,875 3,115,635 Other corporate matters 78,612,413 76,940,693 Other 18,817,975 12,617,313 Total general and administrative expenses 174,276,942 147,803,414 Loss from operations (99,854,569) (69,808,240) Other income (expense), net Interest and dividend income 7,038,731 580,502 Interest expense (23,167) (91,540)Unrealized gain (loss) on marketable securities 1,594,221 (290,081)Other, net (8,250,335) (2,562,569)Total other income (expense), net 359,450 (2,363,688) Net loss before income taxes (99,495,119) (72,171,928) Income tax expense - - Net loss $(99,495,119) $(72,171,928) Other comprehensive income (loss) Unrealized gain (loss) on available for sale debt investments, net of income tax 517,214 (52,849)Comprehensive loss $(98,977,905) $(72,224,777) Weighted average common stock outstanding, basic and diluted 108,205,893 41,065,954 Net loss per share attributable to common stockholders, basic and diluted (1) (0.96) (1.95)(1) On March 28, 2025, the Company announced a 6,765.396 for 1 stock split, effective March 31, 2025. This stock split is reflected retroactively in all periods presented for the common shares issued and outstanding. NEWSMAX INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31,(unaudited) 2025 2024 Cash flows from operating activities: Net loss $(99,495,119) $(72,171,928)Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 6,327,229 6,172,395 Stock-based compensation 11,955,882 - Change in fair value of warrant liability 1,824,179 6,499,821 Change in fair value of derivative liability 6,104,230 2,380,393 (Recovery of) provision for credit losses (186,031) 259,269 Unrealized (gain) loss on marketable securities (1,594,221) 290,081 Lease expense 3,615,173 3,453,550 Commitment fee - standby equity purchase agreement 500,000 - Changes in operating assets and liabilities: (Increase) decrease in assets: Accounts receivable (4,971,013) (6,553,234)Inventory (234,471) 2,042,009 Prepaid expenses and other current assets (1,703,859) (3,517,375)Funding of settlement escrow (40,000,000) - Other assets (1,550,501) - Security deposits 27,563 176,452 Increase (decrease) in liabilities: Accounts payable 1,921,304 (5,087,528)Accrued expenses 1,722,991 7,400,084 Lease liabilities (3,965,506) (3,686,910)Settlement liability 15,062,144 15,139,668 Other long-term liabilities 925,000 - Deferred revenue (739,853) (1,484,180)Net cash used in operating activities (104,454,878) (48,687,432) Cash flows from investing activities: Purchase of investments (148,947,833) (57,432,300)Proceeds from maturity of investments 48,700,000 - Sale of investments 49,774,530 - Purchase of property and equipment (2,650,515) (996,291)Net cash used in investing activities (53,123,819) (58,428,592) Cash flows from financing activities: Proceeds from issuance of convertible preferred stock, net 80,742,222 125,821,070 Proceeds from issuance of common stock IPO, net 67,469,857 - Proceeds from exercise of stock options 7,882,962 - Proceeds from additional stock issuance 88,500 - Payment of dividend (915,069) - Payment of line of credit - (500,000)Principal payment under finance lease obligation (199,237) (189,370)Net cash provided by financing activities 153,958,832 125,131,700  NEWSMAX INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
Years Ended December 31,(unaudited) 2025 2024 Net change in cash $(3,619,865) $18,015,676 Cash and cash equivalents - beginning 24,052,887 6,037,211 Cash and cash equivalents - ending $20,433,022 $24,052,887 Supplemental disclosures of cash flow information: Operating lease assets obtained in exchange for operating lease liabilities $5,248,175 $38,955 Taxes paid 28,160 16,374 Interest paid 1,829 42,300 Non-cash transactions: Property and equipment acquired through accounts payable $178,627 $151,415 Non-cash financing activities: Issuance of warrants resulting in recognition of warrant liabilities $- $6,373,757 Issuance of warrants in connection with the issuance of convertible stock 1,144,976 1,738,886 Common stock issuance costs reclassified from prepaid expenses (1,798,989) - Conversion of preferred stock Series A to common stock 129,185,139 - Conversion of derivative liability to equity 75,000,000 - Conversion of warrant liability to equity 8,324,000 -  NEWSMAX INC.
NON-GAAP ADJUSTED EBITDA RECONCILIATION(unaudited) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net loss $(2,971,568) $(6,888,395) $(99,495,119) $(72,171,929)Add Depreciation 628,090 744,336 2,789,875 3,115,635 Interest, net (1,974,578) (342,036) (7,015,564) (488,962)Unrealized (gain) loss on marketable securities 448,418 555,010 (1,594,221) 290,081 Stock-based compensation 3,413,748 - 11,955,881 - Other corporate matters (1) (684,600) 7,147,460 78,612,413 76,940,693 Other, net (2) (109,625) 1,277,227 8,250,335 2,562,569 Income tax expense (70,429) (20,798) - - Adjusted EBITDA $(1,320,544) $2,472,804 $(6,496,400) $10,248,087 (1) For the years ended December 31, 2025 and 2024, primarily relates to the settlement of two lawsuits. See Footnote 12 - Legal in the notes to the consolidated financial statements in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2025 for additional background on these legal matters.(2) For the year ended December 31, 2025, Other, net primarily consisted of the final fair market adjustments of the warrant liability and derivative liability totaling $1.8 million and $6.1 million, respectively.SOURCE: Newsmax Inc.View the original press release on ACCESS NewswireOriginal: Newsmax Announces Fourth Quarter and Fiscal Year 2025 Financial Results

Newsmax Appoints David Evans to Board of DirectorsMarch 23, 2026 5:05 PM
ACCESS NewswireFormer CFO and COO Brings 25 Years of Public Company Financial and Operational LeadershipEvans Adds Digital Media Expertise to Newsmax Board as Company Expands Streaming Services
and Audience ReachBOCA RATON, FL / ACCESS Newswire / March 23, 2026 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced the appointment of David Evans to the Company's Board of Directors, effective on Thursday, March 19th. Evans brings extensive public company financial leadership and digital media expertise to Newsmax as the Company continues to expand as one of America's leading news networks."We are thrilled to welcome David Evans to the Newsmax Board of Directors," said Christopher Ruddy, CEO of Newsmax. "David's exceptional track record as a CFO and COO of a publicly traded multi-media company, combined with his deep expertise in both digital media transformation and the capital markets, makes him an invaluable addition to our Board. His professional background, specifically his deep experience scaling digital businesses, aligns perfectly with Newsmax's strategic priorities as we continue to grow our streaming services and expand our overall reach."Evans joins the six existing members of the Newsmax Board of Directors including CEO Christopher Ruddy, U.S. Secretary of Labor Alex Acosta, Ambassador Nancy Brinker, Chris Nixon Cox, Ambassador Paula Dobriansky and David Gandler.David EvansDavid Evans is a board-ready executive and audit committee financial expert with 25 years of progressive leadership at a publicly listed multi-media company, including roles as Chief Financial Officer, Chief Operating Officer and Division President of New Media and Publishing. He combines deep expertise in financial oversight, SEC reporting and corporate governance with hands-on experience scaling digital media businesses across streaming, OTT TV, podcasting, e-commerce, digital advertising and social media.Most recently serving as Chief Operating Officer of Salem Media Group from 2022 to 2025, Evans directed all operations with specific oversight of the digital media, e-commerce and finance functions. He previously served as Division President of New Media & Publishing from 2007 to 2021.As Executive Vice President and Chief Financial Officer from 2000 to 2006, he instituted the company's SOX compliance framework, helped triple the company's stock price, executed a $93 million equity offering at a then record EBITDA multiple for the radio broadcast industry and secured more than $500 million in debt capital at industry-leading terms while guiding the company's strategic pivot to digital media. Earlier, Evans held senior leadership positions at Warner Bros. Consumer Products, including Senior Vice President and Managing Director for Europe, Middle East and Africa.Evans is a Chartered Accountants of England and Wales, where he achieved 5th place national ranking. He earned a Bachelor of Science (Honors) in Managerial and Administrative Studies with a specialization in Finance, Accounting and Strategic Planning from the University of Aston in Birmingham, England.About NewsmaxNewsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the N2 Channel, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning Newsmax's strategic priorities, growth plans, streaming expansion, audience reach, digital initiatives, and the anticipated contributions of David Evans as a member of the Company's Board of Directors. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that could cause actual results to differ materially include, among others, changes in market, business, economic, competitive, technological, regulatory and other conditions, as well as the risks described from time to time in the Company's periodic filings with the Securities and Exchange Commission. Newsmax undertakes no obligation to update any forward-looking statements, except as required by law.For more information, please visit Investor Relations | Newsmax Inc.Investor Contacts
Newsmax Investor Relations
ir@newsmax.comSOURCE: Newsmax Inc.View the original press release on ACCESS NewswireOriginal: Newsmax Appoints David Evans to Board of Directors

Newsmax to Report Fourth Quarter and Fiscal Year 2025 Financial ResultsMarch 5, 2026 8:00 AM
ACCESS NewswireBOCA RATON, FL / ACCESS Newswire / March 5, 2026 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced that the Company will report financial results for the fourth quarter and fiscal year ended December 31, 2025 on Thursday, March 26, 2026, after the U.S. stock market closes.Management will host a conference call at 4:30 PM ET the same day to discuss the results. The live webcast and replay will be available on the Newsmax Investor Relations website at ir.newsmax.com.About NewsmaxNewsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 58 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 24 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."For more information, please visit Investor Relations | Newsmax Inc.Investor ContactsNewsmax Investor Relations
ir@newsmax.comSOURCE: Newsmax Inc.View the original press release on ACCESS NewswireOriginal: Newsmax to Report Fourth Quarter and Fiscal Year 2025 Financial Results

Newsmax Delivers 4 Million+ Viewers in Breakout State of Union CoverageFebruary 27, 2026 2:30 PM
ACCESS NewswireBOCA RATON, FL / ACCESS Newswire / February 27, 2026 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced that more than four million Americans tuned in across the Company's channels for the network's comprehensive live coverage of President Donald Trump's State of the Union address Tuesday night.The coverage marks a major ratings and digital milestone for the Company.Newsmax's coverage began at 6:00pm ET with "Carl Higbie FRONTLINE" followed by "Rob Schmitt Tonight."Beginning at 8:00pm ET, the Newsmax network delivered wall-to-wall special coverage anchored live from Washington, D.C., by Greta Van Susteren and Rob Finnerty, with analysis from Mark Meadows, former White House chief of staff, and commentator Mercedes Schlapp.The special broadcast continued through midnight, providing viewers with in-depth analysis, real-time reactions and exclusive interviews.The Newsmax channel alone drew 2.8 million total viewers Tuesday night, according to Nielsen, while an additional 1.3 million streaming viewers watched coverage on Newsmax2, underscoring the growing reach of the Company's digital platforms.The Newsmax audience was so large on cable that its total audience exceeded the combined viewership of Fox Business, CNBC and NewsNation combined by 23%.Throughout the evening, Newsmax's editorial team provided regular updates to Newsmax.com and engaged the network's more than 23 million social media followers with breaking developments, video highlights and expert commentary."The president gave an epic speech, and America tuned in, with a big chunk of his audience tuning into Newsmax," said Newsmax CEO Chris Ruddy. "It was a big night for the president and for us."In addition to airing the president's address live, Newsmax offered continual reporting and instant analysis from top newsmakers and commentators.High-profile guests appearing on the network included Speaker of the House Mike Johnson, R-La., Majority Leader Steve Scalise, R-La., Health Secretary Robert F. Kennedy Jr. and HUD Secretary Scott Turner.Other major figures included Sens. Rick Scott, R-Fla., Markwayne Mullin, R-Okla., Ron Johnson, R-Wis., John Cornyn, R-Texas, Ted Cruz, R-Texas, John Barrasso, R-Wyo. and Chris Coons, D-Del.Additional contributors included Trish Regan, Trump presidential envoy Richard Grenell, presidential pollsters John McLaughlin and Dick Morris and House chairmen Rep. James Comer, R-Ky., and Rep. Jim Jordan, R-Ohio.Other members of Congress appearing included Rep. Anna Paulina Luna, R-Fla., Rep. Dan Crenshaw, R-Texas, Rep. Byron Donalds, R-Fla., Rep. Brandon Gill, R-Texas and Rep. Chip Roy, R-Texas.Newsmax2 also featured live coverage with anchors Ed Henry and Bianca de la Garza, providing viewers with additional perspectives and extended post-speech analysis across streaming platforms."Our network coverage was first-rate and was not only on par with major networks but delivered the kind of comprehensive reporting viewers don't see much anymore," said Gary Kanofsky, Newsmax's senior vice president of news."From our anchors in Washington to our contributors and production teams across the country, this was a total newsroom effort," he said.The strong performance reflects Newsmax's continued growth as a trusted destination for millions of Americans seeking live news events, in-depth analysis and diverse perspectives.With expanded distribution across cable, satellite, OTT and streaming platforms, Newsmax continues to solidify its position as one of the nation's leading news networks.Millions of Americans are now watching Newsmax anytime, anywhere by downloading our free app on smartphones and TVs.About NewsmaxNewsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the N2 Channel, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."For more information, please visit Investor Relations | Newsmax Inc.Investor Contacts
Newsmax Investor Relations
ir@newsmax.comSOURCE: Newsmax Inc.View the original press release on ACCESS NewswireOriginal: Newsmax Delivers 4 Million+ Viewers in Breakout State of Union Coverage

Newsmax Renews Carl Higbie, Greg Kelly for Top ShowsFebruary 19, 2026 6:30 PM
ACCESS NewswireBOCA RATON, FLORIDA / ACCESS Newswire / February 19, 2026 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") through its subsidiary Newsmax Broadcasting, today announced the renewal of two of its leading primetime hosts, Carl Higbie and Greg Kelly, in new agreements that reinforce the Company's commitment to delivering compelling, independent news and analysis to audiences nationwide.Higbie, host of Frontline at 6:00pm ET, and Kelly, anchor of Greg Kelly Reports at 9:00pm ET, have become central pillars of Newsmax's evening programming lineup. Their renewed contracts underscore the Company's continued investment in talent that resonates strongly with viewers and drives ratings growth.Since taking the helm of Frontline, Carl Higbie has built one of the fastest-growing programs in cable news.Airing at 6:00pm ET as Newsmax's lead nighttime show, Frontline sets the agenda for the Newsmax's evening coverage with bold commentary, exclusive interviews and a sharp focus on national security, politics and cultural issues.Over the past year, Frontline has seen its ratings rise by double digits, reflecting sustained momentum and increasing audience loyalty.The show consistently earns rave reviews from viewers who praise Higbie's direct style and willingness to tackle controversial topics head-on.A former U.S. Navy SEAL, Higbie brings a distinctive voice and real-world experience to the anchor desk.Having served multiple deployments, he draws upon his military background to inform his coverage of defense, foreign policy and homeland security.His leadership experience and firsthand understanding of global threats shape the tone and substance of Frontline, setting it apart in a crowded media landscape."Serving as a Navy SEAL taught me the value of preparation, accountability and mission focus," Higbie said. "On Frontline, our mission is to give viewers the facts, challenge the spin and stand up for the principles that make this country strong. I'm honored by the trust our audience places in us every night and excited to continue building this show with Newsmax."Under Higbie's leadership, Frontline has expanded its roster of high-profile guests, including lawmakers, military leaders, policy experts and cultural influencers. He recently had an exclusive interview with J.D. Vance at a special event in Michigan.Greg Kelly: A Trusted Primetime VoiceAt 9:00pm ET, Greg Kelly anchors Greg Kelly Reports, one of Newsmax's flagship programs and a mainstay of its primetime schedule.Kelly has long been recognized as a steady and authoritative presence on Newsmax, delivering in-depth reporting and sharp interviews that go beyond the day's headlines.Before joining Newsmax, Kelly served as a White House correspondent for Fox News, covering two presidential administrations and reporting from some of the most consequential political and international events of the past two decades.His background in Washington journalism provides him with deep institutional knowledge and a nuanced understanding of the political landscape.On Greg Kelly Reports, Kelly brings that experience to bear each night, combining investigative reporting, thoughtful commentary and exclusive interviews.Known for his thorough preparation and incisive questioning, he consistently challenges prevailing narratives and works to uncover what he calls "the real news" behind the headlines."I've always believed that journalism should inform, not obscure," Kelly said. "At Greg Kelly Reports, we look past talking points and dig into the substance of the issues that affect Americans every day. I'm proud to continue this work at Newsmax and grateful for the viewers who rely on us."Kelly also served as a fighter pilot in the U.S. Marine Corps for almost a decade, giving him unique insight as the Pentagon engages in conflicts and engagements around the globe.Kelly's highly rated program frequently generates national attention and drives conversation across television and digital platforms, solidifying his role as one of Newsmax's most influential voices.President Trump has praised Kelly's journalism and says he regularly watches his show.Newsmax CEO Chris Ruddy praised both hosts for their contributions to the Company's growth and success."Carl Higbie and Greg Kelly represent the very best of what Newsmax brings to the American public," Ruddy said. "Carl's background as a Navy SEAL gives him unmatched credibility and a powerful perspective on national security and leadership. His energy and authenticity have fueled the double-digit ratings growth of Frontline and made it a cornerstone of our evening lineup.""Greg Kelly, with his experience as a White House correspondent and seasoned journalist, delivers depth, context and professionalism to our 9:00pm hour," Ruddy added. "He goes beyond the headlines to provide clarity and accountability. Together, Carl and Greg strengthen our primetime programming and exemplify our commitment to independent journalism."The renewals of Higbie and Kelly come as Newsmax continues to expand its reach across cable, satellite and streaming platforms.Available in more than 100 million U.S. homes, Newsmax and its streaming channel Newsmax2 have seen sustained audience growth driven by strong talent, distinctive programming and a focus on issues that matter to its viewers.With Frontline at 6:00pm ET and Greg Kelly Reports at 9:00pm ET, Newsmax offers a dynamic combination of rising leadership and seasoned journalism that anchors its primetime schedule and positions the Company for continued success.About NewsmaxNewsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the N2 Channel, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."For more information, please visit Investor Relations | Newsmax Inc.Investor Contacts
Newsmax Investor Relations
ir@newsmax.comSOURCE: Newsmax Inc.View the original press release on ACCESS NewswireOriginal: Newsmax Renews Carl Higbie, Greg Kelly for Top Shows

ANOTHER NEW ALL TIME LOW!!! WHY DOESN'T THE BIG ORANGE HEAD RESCUE NEWS MAX??? HE COULD TELL EVERYONE TO SUBSCRIBE!!!

Not good.

Shows how gullible and idiotic the maganuts are.

I think it should be five cents. Once it reaches five cents I will buy many many shares. At least one thousand shares and perhaps as many as two thousand!!!

I hoped it was going to do better, but the numbers are just not there.

This garbage should be OTC subpenny

NEWSMAX benefits only one person and his family…guess who ?

I think it should be five cents. I bid 1,000 shares at FIVE CENTS EACH!!!

I am doing the same though I don’t know if I’ll buy back into the dilution machine Phuck NMAX entire C suite of diluters

I think I am going to do a tax loss sale on NMAX.
Buy back next year.

Having a nice morning NMAX. giddy up

https://www.newsmax.com/us/fcc-nextstar-media/2025/11/23/id/1235753/?utm_source=nmapp&utm_medium=topnews

I think it should be five cents. I bid 1,000 shares at FIVE CENTS EACH!!!

Hot dog water and empty beer cans.

$264 to 7.45 in a year. Wow

Maybe Trump can run Newsmax out of prison.

Why doesn't management ask Trump for help? After all Newsmax is always kissing his big flabby backside. They could ask him for an exclusive interview about his relationship with Epstein. I'm am sure Trump would reveal all. LOL

Whoa Dudes this is one stinky stock. How was the chump that paid $265.00 for this POS?

Nmax earnings tomorrow after close.😋

I took the position that Fox Murdoch commie lib kid would get Fox and destroy it, Newsmax wins by default

The Conservative Murdoch kid ends up with Fox, so goes that theory. Ruddy is a serial share selling diluter. 2 things I can’t deal with.

So Poof, just like that, there it goes.

I said from the beginning I didn’t care what happens. Turns out I care more about tanking $100,000 than I thought. I didn’t know Mr Conservative Ruddy would be such the diluter

He should be on the OTC. He fits right in

NEWSCRAP

I rode the ipo just watching. Sorry. Been there

I am really hating my decision to “invest” in this republican scam share selling promotion. Down 6 digits and think I have bled enough. P huckk Chris Ruddy and co-conspirators

Fuggin Newsmax and their dilution machine

8's

Short to zero.

Ruddybauered Chris Ruddy is giving the Penny stock fraudsters a run for dilution machines. I looked for this to give Faux News hell when Murdoch dies and his commie lib leftist son got control, but that was just rectified where his conservative son gets control. Fox though appears to be imploding from within, so who knows. I bought into Newsmax as a very long term investment so I don’t pay much attention to it. I removed it from my portfolio pages so it doesn’t appear to my eyes.

Ruddybaurered maybe forever

Holding Caesar’s Entertainment has hurt me much worse. I ignored the warnings from professionals. I can be my own douche sometimes.

Let’s check in a year or 2.

Newbaured? I can wait to see how it plays out.

Down almost $70,000 in this POS. It will recover one day…

Yet the post is still there. If you cared enough to post that you should have cared enough to look back at when the original post was in August. Here's the correction. Now we can all sleep at night.

wilma6311

Re: None

Monday, 08/25/2025 12:45:44 PM

Good grief! Meant fubo!

Did you see that? I must have missed it.

I corrected myself immediately after. Unfortunately I could not edit my post. Get a grip Mary.

11.26 new 52 week low

what's your conservative estimate on how much money Newsmax could get from Fox News, if NMAX wins this lawsuit?

It's FUBO, not FUBU...details matter

https://ir.newsmax.com/news/news-details/2025/Newsmax-CEO-Christopher-Ruddy-to-Deliver-Keynote-Address-at-Maxim-Groups-2025-Growth-Summit/default.aspx

4% today. 13s

Newsmax Sues Fox Again, Expands Lawsuit After Florida Case Dismissed | Newsmax.com https://share.google/tnq9BQKrqzTBdDfCM

The lawsuit against Fox has been dismissed.

https://www.msn.com/en-us/politics/government/newsmax-s-lawsuit-against-fox-hits-a-snag-as-judge-dismisses-it-as-shotgun-pleading/ar-AA1LYsWG?ocid=BingNewsSerp

Murdoch succession settled. Conservative Lachlan will control Fox after dad's passing.

https://www.forbes.com/sites/antoniopequenoiv/2025/09/08/murdochs-resolve-succession-dispute-with-multibillion-dollar-deal-favoring-lachlan/

The whole right-wing clown show is going down the stool.

Seems like some manipulation going on today. Low volume and down almost 4%
Looks like the Fox lawsuit isn't make some folks to happy. LoL