)

Newsmax (NMAX) investor relations material
Newsmax Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenues for Q2 2025 increased 18.4% year-over-year to $46.4 million, driven by higher broadcast advertising and affiliate fees, with broadcast revenues rising 28.5% to $38.0 million.
Net loss for Q2 2025 was $75.2 million, significantly higher than the $4.8 million loss in Q2 2024, primarily due to a $67 million legal settlement with Dominion and increased operating expenses.
The company completed its IPO in March 2025, raising $66.1 million, and a private placement of Series B Preferred Stock, raising $206.7 million.
Maintained position as the fourth highest-rated cable news channel, reaching over 26 million quarterly viewers and expanding to 60 million U.S. homes and 100+ countries.
Expanded distribution through partnerships with Fubo, Hulu +, and international carriers, and launched Newsmax en Español with live AI dubbing.
Financial highlights
Q2 2025 total revenues: $46.4 million (up 18.4% YoY); six months ended June 30, 2025: $91.7 million (up 14.9% YoY).
Broadcast revenues increased 28.5% to $38.0 million; advertising revenues rose 26.2% to $29.9 million.
Affiliate revenues up 7.3% to $7.3 million; subscription revenues up 5.2% to $7.0 million; product sales up 5.1% to $1.6 million.
Gross profit for Q2 2025: $17.6 million (up 5.5% YoY); gross margin: 38.0% (down from 42.6%).
Adjusted EBITDA for Q2 2025: $(3.8) million, down from $1.9 million in Q2 2024.
Outlook and guidance
Reiterated full-year 2025 revenue guidance of $180 million to $190 million.
Management expects continued revenue growth from broadcast advertising and affiliate fees, with ongoing investment in content and distribution.
Management emphasized strategic flexibility and long-term growth focus, leveraging a strong balance sheet and diversified revenue streams.
The company believes current liquidity is sufficient for the next 12 months, with no anticipated need for additional capital.
Next Newsmax earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage