Newsmax Inc. (NYSE: NMAX) reported third quarter 2025 revenues of $45.3 million, representing a 4 percent increase compared to the same period last year. The growth was driven by diversified performance across broadcasting, affiliate fees and global distribution, which helped offset typical advertising softness during non-election years. The company's strategic expansion initiatives included new hospitality and Taxi TV distribution agreements, international rollout through the Truth+ platform, and extended partnerships with streaming service Fubo.
Broadcasting revenues demonstrated significant strength, rising 10.1 percent to $36.6 million, while affiliate revenues showed even more substantial growth with a 22.3 percent increase to $8.1 million. The improved revenue performance contributed to a narrowed quarterly net loss of $4.1 million, a substantial improvement from the $9.8 million loss reported in the same quarter last year. Management indicated the company remains positioned to achieve its full-year 2025 revenue guidance range of $180 million to $190 million.
The company's growth strategy included enhanced newsroom monetization through Veritone's AI platform and strategic cryptocurrency initiatives. Newsmax also strengthened its leadership by adding industry veteran David Gandler to its Board of Directors. These developments reflect the company's ongoing transformation and adaptation to evolving media consumption patterns.
Newsmax operates one of the nation's leading news outlets through Newsmax Broadcasting LLC, with the Newsmax channel ranking as the fourth highest-rated network carried on all major cable stations and a major satellite system. The company's media properties reach more than 40 million Americans regularly through multiple platforms including Newsmax TV, the Newsmax App, and its popular website Newsmax.com. Additional reach comes through publications such as Newsmax Magazine and social media platforms where Newsmax maintains 20 million combined followers.
According to industry recognition, Reuters Institute identifies Newsmax as one of the top U.S. news brands, while Forbes has characterized the company as "a news powerhouse." The company maintains investor relations information available at https://ir.newsmax.com/overview/default.aspx for stakeholders seeking additional financial and corporate information.
The Q3 2025 results demonstrate Newsmax's ability to navigate challenging media market conditions while expanding its distribution footprint and improving financial performance. The narrowing of quarterly losses suggests improved operational efficiency and cost management, potentially signaling a path toward sustainable profitability in the competitive news media landscape.
