Q2 2026 Newsmax Inc Earnings Call Transcript

Aug 13, 2026 / 08:30 PM GMT

Release Date Price: $9.49 (+7.11%)

Transcript 10-Q8-K

Key Points

Positve

Newsmax Inc (NMAX) achieved its first profitable quarter as a public company, with net income of $2.9 million and adjusted EBITDA of $5.7 million.
Total revenue reached a record $54.1 million, up 16.5% year-over-year, driven by a 20.5% increase in broadcast revenue.
Affiliate fee revenue surged 81.9% year-over-year to $13.4 million, reflecting new contracts and rate increases, with significant room to close the gap with peers.
International licensing is expanding rapidly, with 2026 fees expected to reach $16 million (a 344% increase) and a new launch in Poland, supported by multi-year agreements.
The company secured a multi-year AI content partnership with Meta, positioning Newsmax at the forefront of AI-driven news distribution and opening a new potential revenue stream.
Gross margin expanded to 43.1% from 38% in the prior year, driven by higher-margin affiliate and licensing revenue and improved operating efficiencies.
The balance sheet remains strong with $128.3 million in cash and investments and no debt, providing financial flexibility for growth investments.
Total viewership reached 26.9 million, up 4% year-over-year, marking the highest second-quarter reach in four years, with strong engagement among adults 35-64.
Social media followers grew over 28% year-over-year to over 26 million, enhancing brand reach and cross-promotion opportunities.
The company reiterated full-year 2026 revenue guidance of $212-$216 million, representing 13% growth at the midpoint, with expectations for improved operating profile.

Negative

Advertising revenue declined 3.5% year-over-year to $28.8 million, due to lower customer order volume and challenging comparisons from election-related demand.
Digital revenue decreased 1.3% year-over-year to $8.3 million, as growth in digital advertising was offset by lower subscription revenue and product sales.
Subscription revenue fell 9.9% year-over-year to $6.3 million, driven by lower new customer acquisition.
Product sales revenue dropped 31.7% year-over-year to $1.1 million, primarily due to decreased book and supplement sales.
The company remains in strategic investment mode, which could pressure near-term margins despite profitability, as it continues to invest in programming, technology, and OTT initiatives.
The AI partnership with Meta is in early stages, and its contribution to revenue is not yet quantified, with no guidance provided for future AI-related income.
Affiliate fee rates remain approximately 7 times below peers, and the pace of closing this gap is uncertain and dependent on continued execution.
The company faces a challenging advertising environment, with a decline in ad revenue despite overall growth, indicating potential volatility in this segment.
International licensing, while growing, is still a relatively small portion of total revenue, and future growth beyond 2027 is not guaranteed.
The company's profitability was aided by the absence of prior-year legal settlement expenses, which may not recur, potentially affecting year-over-year comparisons.

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

NMAX.N - Newsmax Inc
Q2 2026 Newsmax Inc Earnings Call
Aug 13, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, ladies and gentlemen, and welcome to the Newsmax Second Quarter 2026 Earnings Conference Call. At this time, all participants are placed on a listen-only mode, and the floor will be open for questions and comments after the formal presentation.

If anyone should require operator assistance during the conference, please press *0 on your telephone keypad. And please note, this conference call is being recorded.

I will now turn the conference over to your host, Mr. Chris O'Day with Investor Relations. Sir, the floor is yours.

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Unidentified_2 [2]
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