Newsmax Q3 revenue rises on higher affiliate fees, rate increases

By Reuters News


Overview

  • U.S. cable news broadcaster's Q3 revenue rose 52.5% yr/yr

  • Net income for Q3 was $15.2 mln, compared with a loss a year earlier

  • Adjusted EBITDA for Q3 was $19 mln, supported by a $14 mln one-time item


Outlook

  • Newsmax maintains full-year 2026 revenue guidance of $212 mln to $216 mln, excluding one-time item

  • Company sees full-year 2026 revenue of $226 mln to $230 mln, including one-time revenue item

  • Newsmax says it will continue to invest in content, distribution and OTT initiatives to support growth


Result Drivers

  • AFFILIATE AND LICENSING GROWTH - Co said revenue growth was driven by higher affiliate fees from new contracts and rate increases, and expanded international licensing agreements

  • ONE-TIME REVENUE ITEM - Q3 results included a $14 mln non-recurring service revenue termination fee

  • COST DISCIPLINE - Improved profitability was supported by lower legal and general administrative expenses, partially offset by increased investment in programming and production


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$69.03 mln

Q3 Net Income

$15.22 mln

Q3 Adjusted EBITDA

$19.03 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the broadcasting peer group is "buy"

  • Wall Street's median 12-month price target for Newsmax Inc. is $17.00, about 119.6% above its November 11 closing price of $7.74

  • The stock recently traded at 65 times the next 12-month earnings vs. a P/E of 100 three months ago


Reuters Recommended Reads

  • Nov 9 - Trade Desk Q3 revenue beats analyst estimates

  • Nov 11 - ITV warns of up to 10% fall in fourth-quarter advertising revenue

  • Nov 11 - Rumble Q3 sales beat estimates on higher advertising revenue


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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