Q3 2025 Newsmax Inc Earnings Call Transcript

Nov 13, 2025 / 09:30 PM GMT

Release Date Price: $8.52 (-3.18%)

Transcript 10-Q8-K

Key Points

Positve

Newsmax Inc (NMAX) reported a 4% increase in total revenues year over year, reaching $45.3 million for Q3 2025.
Broadcasting revenues grew by 10.1% year over year, driven by affiliate fee revenue growth and higher pricing for broadcasting ad revenue.
Affiliate revenues increased by 22.3% year over year, highlighting successful new contractual relationships and rate increases.
Newsmax Inc (NMAX) expanded its domestic distribution, making its content accessible in over 900 hotels and 300,000 hotel rooms in the U.S.
The company saw significant international distribution expansion, including partnerships with Fubo and Trump Media and Technology Group.

Negative

Advertising revenues decreased by 1.6% year over year, attributed to the non-election year comparison.
The company reported a net loss of $4.1 million, although this was an improvement from the previous year's net loss.
Adjusted EBITDA decreased to $1.8 million from $4.4 million in the same period of 2024, due to higher production and programming expenses.
Subscription revenues remained flat year over year, with growth in Newsmax Plus subscribers offset by reductions in publication subscriptions.
The company faces challenges in monetizing social media engagement, as platforms do not fully share revenue generated from social media content.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NMAX.N - Newsmax Inc
Q3 2025 Newsmax Inc Earnings Call
Nov 13, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day everyone and welcome to the Newsmax 3rd quarter 2025 earnings conference call.

At this time, all participants are placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation.

It is now my pleasure to hand the floor over to your host Brett Mellott. Sir, the floor is yours.

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Unidentified_2 [2]
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Good afternoon and welcome to Newsmax's third quarter 2025 earnings conference call. I'm joined today by Chris Ruddy, Chief Executive Officer, and Darryl Burnham, Chief Financial Officer.

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