Newsmax Reports Q3 2025 Growth Fueled by Distribution Expansion and Broadcasting Strength

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, driven by diversified growth across multiple business segments that helped offset typical non-election-year advertising softness. The company's strategic expansion into new distribution channels and enhanced broadcasting performance contributed to this growth while narrowing quarterly losses significantly.

The media company demonstrated particular strength in its core broadcasting operations, with broadcasting revenues climbing 10.1 percent to $36.6 million. Affiliate revenues showed even more robust growth, increasing 22.3 percent to $8.1 million as Newsmax expanded its reach through new hospitality and Taxi TV distribution agreements. The company's international expansion via Truth+ platform and extended partnerships with streaming services like Fubo contributed to this affiliate revenue growth.

Newsmax's improved financial performance was reflected in its narrowed net loss, which decreased to $4.1 million from $9.8 million in the comparable quarter. This improvement comes as the company implements strategic initiatives to enhance monetization and operational efficiency across its media properties. The company has been leveraging artificial intelligence technology through partnerships with platforms like Veritone to improve newsroom monetization capabilities.

Management expressed confidence in the company's trajectory, stating that Newsmax remains on track to achieve its full-year 2025 revenue guidance of $180 million to $190 million. The company's growth strategy includes continued expansion of its distribution footprint and exploration of emerging revenue opportunities, including strategic cryptocurrency initiatives that position Newsmax at the intersection of media and digital finance.

The company strengthened its leadership during the quarter by adding industry veteran David Gandler to its Board of Directors, bringing additional media and distribution expertise to guide Newsmax's expansion efforts. This appointment comes as the company continues to build on its position as one of the nation's leading news outlets, reaching more than 40 million Americans regularly through its television channel, mobile application, website, and publications.

Newsmax's performance during a typically challenging non-election year period demonstrates the company's ability to diversify revenue streams beyond political advertising cycles. The successful expansion into hospitality, transportation, and international markets provides a foundation for sustained growth independent of political advertising fluctuations. The company's improved financial metrics and strategic positioning suggest continued momentum in the competitive media landscape as it leverages both traditional broadcasting and digital distribution channels.