Newsmax
Runs conservative news across cable, streaming, digital publishing, newsletters, and audience commerce.
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Profile
Runs a U.S.-centered conservative news platform spanning linear cable, free and paid streaming, digital publishing, newsletters, and e-commerce. Revenue comes from advertising, affiliate fees, subscriptions, licensing, and direct audience products, while founder voting control and media-content litigation shape the public-company profile.
Runs a U.S.-centered conservative news platform built around the Newsmax cable channel, Newsmax2, Newsmax+, Newsmax.com, radio and podcast programming, newsletters, Newsmax Magazine, publishing, and audience-commerce products.
The operating model is split between Broadcasting and Digital. Broadcasting sells advertising, affiliate fees, streaming subscriptions, and licensing tied to linear and OTT distribution; Digital monetizes websites, newsletters, print products, e-commerce, and media services tied to Newsmax's owned audience.
Distribution is concentrated in the United States through cable, satellite, telecom, and streaming platforms, with selective international licensing. The business depends on audience reach, distributor access, advertising demand, founder voting control, and exposure to media-content litigation, including a disclosed remaining Dominion settlement obligation.
Company facts
Categories
Key statistics
Year to date +36.0% · Average volume (30d) 1.1M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.03 | $0.02 | +166.7% | $48.6M | $54.1M | +11.3% | +14.54% |
| May 14, 2026Q1 FY26 | −$0.04 | −$0.03 | +25.0% | $48.9M | $51.7M | +5.6% | +4.05% |
| Mar 26, 2026Q4 FY25 | −$0.07 | −$0.03 | +64.3% | $44.0M | $52.2M | +18.6% | −1.67% |
| Nov 13, 2025Q3 FY25 | −$0.12 | −$0.04 | +66.7% | $44.0M | $45.3M | +2.9% | −6.92% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $45.3M | $46.4M | $45.3M | $52.2M | $51.7M | $54.1M | |
| Gross profit | $21.7M | $17.6M | $15.3M | $21.4M | $19.4M | $23.3M | |
| Operating income | −$11.6M | −$76.4M | −$7.2M | −$4.7M | −$4.5M | $1.3M | |
| Net income | −$17.2M | −$75.2M | −$4.1M | −$3.0M | −$2.2M | $2.9M | |
| Diluted EPS | −$0.49 | −$0.58 | −$0.03 | −$0.02 | −$0.02 | $0.02 | |
| Gross margin | 47.8% | 38.0% | 33.7% | 40.9% | 37.5% | 43.1% | |
| Operating margin | -25.5% | -164.5% | -15.9% | -9.0% | -8.7% | 2.4% |
Fiscal years (4-quarter sums)FY24 $168.9M · FY25 $189.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $148.3M · Total debt $11.6M · Total assets $230.3M · Shareholders' equity $113.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 89.92M · Float 30.94M · 34.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Christopher Ruddy Revocable Trust dated October 12, 2007 | 39.24M | 30.60% | 13D | Mar 31, 2025 |
| Thomas Peterffy | 23.05M | 25.90% | 13G | Apr 1, 2025 |
| Greenwich Wealth Management LLC | 22.80M | 25.35% | 13F | Aug 12, 2026 |
| Conyers Investments LLC · 10 percent owner | 22.76M | 25.31% | Form 4 | Aug 26, 2026 |
| Naples Investment Holdco LLC · 10 percent owner | 19.74M | 21.95% | Form 4 | May 1, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Conyers Investments LLC | 10 percent owner | −32,416 | $11.02 |
Peers
- Fox Class A
Cable news and digital news rival anchored by FOX News Media
- Warner Bros. Discovery
CNN, HLN and CNN.com overlap in cable and digital news
- Versant Media Group
MS NOW and CNBC parent in political and business cable news
- Nexstar Media Group
NewsNation and The Hill create TV and political-digital overlap
- Comcast
NBC News, NBC broadcast and Peacock overlap in news and video
- New York Times
NYTimes.com overlaps in digital news subscriptions and ads
- News Corp Class A
Dow Jones and WSJ Online overlap in digital news and subscriptions
- Paramount Skydance
CBS News and CBSNews.com add broadcast, streaming and digital overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Newsmax | $10.73 | +0.06% | $963.1M | — | — | 4.7 | +16.5% |
| Fox Class A | $68.42 | −0.01% | $30.00B | 17.8 | 11.6 | 1.6 | +28.1% |
| Warner Bros. Discovery | $28.79 | +0.05% | $72.13B | — | — | 2.0 | −11.2% |
| Versant Media Group | $41.02 | −0.07% | $5.80B | 7.8 | 9.0 | 0.9 | — |
| Nexstar Media Group | $179.00 | −2.33% | $5.60B | 34.9 | 6.1 | 0.8 | +62.3% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| New York Times | $68.16 | +0.01% | $11.07B | 28.4 | 22.8 | 3.7 | +11.2% |
| News Corp Class A | $30.65 | −1.00% | $17.38B | 30.1 | 23.0 | 2.1 | +10.8% |
| Paramount Skydance | $10.88 | +0.09% | $11.83B | — | 13.7 | 0.4 | +0.9% |
| Median | 23.1 | 11.6 | 1.2 | +10.8% |