Newsmax Q3 revenue $45.3M (+4% YoY); net loss narrows; FY guidance reaffirmed

Newsmax Inc.

2025-Q3 EPS reported -$1.00 revenue$137,014,147

Revenue $45.3M, +4% YoY; broadcast revenue $36.6M, +10.1% YoY.
Net loss $(4.1)M vs $(9.8)M prior year; adjusted EBITDA $(1.8)M (decrease of $4.4M).
Ended quarter with $130.4M cash/short-term investments; no long-term debt.
Affiliate fees up 22.3% to $8.1M; advertising down 1.6% to $27.6M.
Reaffirms FY2025 revenue guidance $180M-$190M.

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