CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.