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Newsmax (NMAX) shares jumped 11% during extended hours of trading on Thursday after it posted strong fourth quarter revenue that buoyed investors.
Newsmax reported total quarterly revenues of $52.2 million for the three-month period ended December 31, 2025, representing a 9.6% year-over-year increase. It beat analysts’ estimates of $44 million as per Stocktwits data.
Its total broadcasting revenues grew 12.6% year-over year to $42.5 million for the fourth quarter of 2025, underscoring continued growth even in a non-election year. This was driven by affiliate fee revenue growth, higher ratings and pricing for broadcasting ad revenue, and licensing growth.
The company ended the quarter with $131.3 million in cash and short-term investments. Cash and cash equivalents were $20.4 million and short-term investments were $110.9 million.
"Our full-year 2025 results reflect disciplined execution across the business, with revenue performance at the high end of our guidance range despite a challenging post-election comparison," commented Darryle Burnham, Chief Financial Officer of Newsmax. "We ended the year with a strong balance sheet and increased financial flexibility following our transition to a public company, and as we look ahead, we are confident in our financial outlook and are focused on prudent investment in content, technology and distribution initiatives that support sustainable, long-term shareholder value."
Newsmax said it expects full-year revenue of $212 million to $216 million, representing 13% year-over-year growth at the midpoint of the range.
“As we enter 2026 , we believe Newsmax is entering this next chapter from a position of strength, supported by a solid financial foundation, expanding distribution and a clear focus on sustainable, long-term growth for our shareholders," said Christopher Ruddy, Chief Executive Officer of Newsmax.
Retail sentiment around NMAX trended in ‘bullish’ territory amid ‘normal’ message volume.
NMAX shares are down 23% so far this year.
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