Newsmax (NYSE:NMAX) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Newsmax (NYSE:NMAX) announced its quarterly earnings data on Thursday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.14, FiscalAI reports. The firm had revenue of $55.00 million for the quarter. Newsmax had a negative net margin of 3.15% and a negative return on equity of 8.28%.

Here are the key takeaways from Newsmax’s conference call:

• Newsmax reported record third-quarter revenue of $69 million, up 52.5%, including a non-recurring $14 million termination fee. Excluding that item, revenue was a record $55 million, up 21.6%, and adjusted EBITDA was $5 million, marking a second consecutive positive quarter.
• Affiliate revenue rose 77.4% to $14.3 million, while licensing revenue increased 343%. Management expects about $16 million in international licensing fees this year and estimates annualized licensing revenue of approximately $25 million next year.
• The company maintained its underlying 2026 revenue outlook of $212 million–$216 million, representing 13% growth at the midpoint; including the one-time fee, guidance is $226 million–$230 million. Newsmax ended the quarter with $137.6 million in cash and short-term investments and no debt.
• Digital revenue declined 4.1% to $8.3 million, and subscription revenue fell 12% amid lower new-customer acquisition; product sales and digital advertising also weakened. Management said Newsmax+ engagement is improving but acknowledged subscription revenue remains an area under development.
• Management sees affiliate fees and licensing as structural growth drivers, while also pointing to potential audience and engagement gains heading into the 2028 election cycle. Its outlook for election-related benefits is forward-looking, and executives noted that midterm political advertising typically provides limited direct benefit to a national cable network.

Newsmax Stock Performance

Shares of NYSE NMAX traded up $2.06 during mid-day trading on Friday, reaching $9.35. 2,825,519 shares of the company traded hands, compared to its average volume of 1,238,849. The company’s fifty day moving average is $9.47 and its two-hundred day moving average is $8.02. Newsmax has a fifty-two week low of $5.11 and a fifty-two week high of $12.11. The stock has a market cap of $1.21 billion, a PE ratio of -187.04 and a beta of 2.71.

Insiders Place Their Bets

In other Newsmax news, major shareholder Conyers Investments Llc sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $11.07, for a total transaction of $243,540.00. Following the completion of the sale, the insider owned 21,965,639 shares of the company’s stock, valued at $243,159,623.73. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 494,886 shares of company stock valued at $5,611,995. 61.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Newsmax

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of Newsmax during the 2nd quarter worth $814,000. Arizona State Retirement System bought a new position in Newsmax in the 2nd quarter worth $98,000. NewEdge Advisors LLC raised its holdings in Newsmax by 49.7% in the 2nd quarter. NewEdge Advisors LLC now owns 26,074 shares of the company’s stock worth $216,000 after acquiring an additional 8,659 shares during the period. Integrated Wealth Concepts LLC bought a new position in Newsmax in the 2nd quarter worth $67,000. Finally, Provenance Wealth Advisors LLC acquired a new position in Newsmax during the 3rd quarter worth $25,000.

Analysts Set New Price Targets

NMAX has been the subject of a number of research reports. Wall Street Zen lowered shares of Newsmax from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Newsmax in a research note on Friday, October 2nd. Freedom Broker upgraded Newsmax from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Friday. Finally, Freedom Capital raised Newsmax from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Friday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Newsmax presently has an average rating of “Hold” and an average price target of $10.00.

Key Newsmax News

These are some of the NMAX news items that stood out recently:

• Positive Sentiment: Newsmax reported Q3 revenue of $69 million, up 52.5% year over year and above the cited analyst estimate of $50.8 million. EPS was $0.12, versus expectations for a loss. The company also reported audience growth and stronger results amid heightened midterm-election interest. Q3 earnings results
• Positive Sentiment: Freedom Broker upgraded NMAX from “hold” to “buy” and set a $10 price target, a vote of confidence that may support investor sentiment. Freedom Broker rating
• Neutral Sentiment: Another report says the company reaffirmed 2026 revenue guidance of $212 million–$216 million, which conflicts with the higher range cited elsewhere. Investors may want to verify the company’s guidance directly. Revenue guidance report

About Newsmax

Newsmax is a multimedia news company that produces and distributes news, opinion and lifestyle content. Its offerings include the Newsmax television network, digital news and video platforms, and print publications such as Newsmax magazine. Founded in 1998 by Christopher Ruddy, the company is based in Boca Raton, Florida. Ruddy serves as Newsmax’s chief executive officer. Newsmax reaches audiences in the United States and abroad through television distribution and its digital platforms, which provide news coverage, commentary and other programming.