Newsmax Q4 revenue rises on strength in broadcasting segment

Overview

• U.S. cable news broadcaster's Q4 revenue rose 9.6% yr/yr

• Company posted Q4 net loss of $3 mln, narrower than prior year

• Newsmax forecasts 2026 revenue growth of about 13% at midpoint of guidance

Outlook

• Newsmax sees 2026 revenue between $212 mln and $216 mln, up 13% at midpoint

• Company expects accelerated revenue growth in 2026

• Newsmax says it will focus on investment in content, technology and distribution to support long-term growth

Result Drivers

• BROADCASTING GROWTH - Q4 broadcasting revenues rose 12.6% yr/yr, driven by affiliate fee growth, higher ratings and pricing for ad revenue, and licensing gains

• DISTRIBUTION EXPANSION - Co cited new and renewed carriage agreements, including with YouTube TV, and international launches as expanding reach

• HIGHER COSTS - Net loss narrowed but remained due to increased investments in headcount, programming, production, and public company costs

Company press release: ID:nACSCX4cPa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "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 $20.50, about 241.7% above its March 25 closing price of $6.00

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