Second Quarter 2026
Filed Aug 13, 2026Newsmax Announces Second Quarter 2026 Financial Results Company Reports Record Quarterly Revenues of $54.1 million, a 16.5% Year-Over-Year Increase
Record revenue growth, a return to quarterly GAAP profitability and positive Adjusted EBITDA were led by affiliate fees and licensing, while broadcasting advertising, digital subscription and product sales declined year over year.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenuesGAAP | $ 54,115,485 | – | 16.5 % |
| Service revenueGAAP | $ 53,052,444 | – | – |
| Product revenueGAAP | $ 1,063,041 | – | – |
| Cost of servicesGAAP | $ 30,006,022 | – | – |
| Cost of products soldGAAP | $ 775,759 | – | – |
| Gross profitGAAP | $ 23,333,704 | – | – |
| Total general and administrative expensesGAAP | $ 22,028,760 | – | – |
| Personnel costsGAAP | $ 8,873,996 | – | – |
| Advertising costsGAAP | $ 3,928,215 | – | – |
| DepreciationGAAP | $ 525,142 | – | – |
| Other corporate mattersGAAP | — | – | – |
| Income from operationsGAAP | $ 1,304,944 | – | – |
| Total other income (expense), netGAAP | $ 1,562,347 | – | – |
| Net income (loss) before income taxesGAAP | $ 2,867,291 | – | – |
| Income tax expenseGAAP | — | – | – |
| Net income (loss)GAAP | $ 2,867,291 | – | – |
| Net income (loss) per share attributable to common stockholders, basicGAAP | $ 0.02 | – | – |
| Net income (loss) per share attributable to common stockholders, dilutedGAAP | $ 0.02 | – | – |
| Weighted average common stock outstanding, basicGAAP | 128,508,173 | – | – |
| Weighted average common stock outstanding, dilutedGAAP | 129,285,724 | – | – |
| Adjusted EBITDAnon-GAAP | $ 5,715,196 | – | – |
| Total revenues for the six months ended June 30GAAP | $ 105,773,976 | – | – |
| Net income (loss) for the six months ended June 30GAAP | $ 679,081 | – | – |
| Net cash used in operating activities for the six months ended June 30GAAP | $ (2,766,713) | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Broadcasting AdvertisingNot provided. | $ 24.4 | – | (7.0) % |
| Broadcasting Affiliate feeNew contractual relationships and rate increases that took effect in late 2025 and 2026. | $ 13.4 | – | 81.9 % |
| Broadcasting SubscriptionNot provided. | $ 3.5 | – | (7.9) % |
| Broadcasting LicensingExpanded international licensing agreements. | $ 4.6 | – | 563.5 % |
| Total Broadcasting revenuesGrowth in affiliate fee revenue and expanded international licensing agreements. | $ 45.8 | – | 20.5 % |
| Digital AdvertisingNot provided. | $ 4.4 | – | 21.3 % |
| Digital SubscriptionNot provided. | $ 2.8 | – | (12.2) % |
| Digital Product salesNot provided. | $ 1.1 | – | (31.7) % |
| Total Digital revenuesDigital advertising growth was offset by lower subscription and product sales revenue. | $ 8.3 | – | (1.3) % |
Full-year 2026 outlook
- Revenue$212 million to $216 million
- NoteLicensing revenues expected to increase 344% year-over-year to approximately $16 million in 2026
- Note13% year-over-year growth at the midpoint of the range
What drove it
- Affiliate fee revenue increased through new contractual relationships and rate increases that took effect in late 2025 and 2026.
- Expanded international licensing agreements contributed to broadcasting revenue growth.
- The Company entered a multi-year content partnership with Meta that puts Newsmax content across Meta's apps and devices.
- The Company launched the Newsmax Poland channel in Q2 with longtime partner Telekom Serbia.
- Second quarter audience reach was 26.9 million total viewers, up 4% year-over-year.
- Total social media followers rose to 26.2 million as of June 30, 2026.
Concerns
- Broadcasting advertising revenue declined (7.0) % year-over-year to $ 24.4.
- Broadcasting subscription revenue declined (7.9) % year-over-year to $ 3.5.
- Total digital revenues declined (1.3) % year-over-year to $ 8.3.
- Digital subscription revenue declined (12.2) % year-over-year to $ 2.8 and digital product sales declined (31.7) % to $ 1.1.
- Net income improvement included the absence of legal settlement expenses recorded in the prior-year period.
- Net cash used in operating activities was $ (2,766,713) for the six months ended June 30, 2026.
What to watch
- Execution against reiterated full-year 2026 revenue guidance of $212 million to $216 million.
- Affiliate-fee growth from new contractual relationships and rate increases.
- Licensing revenue progress, which is expected to increase 344% year-over-year to approximately $16 million in 2026.
- Whether broadcasting advertising, digital subscription and product sales revenue trends improve.
- Continued investment in content, distribution and OTT initiatives.
- Development of the Meta partnership and international local-channel licensing strategy.
Balance sheet and cash flow
- Cash and cash equivalents: $ 25,883,741 as of June 30, 2026
- Investments: $ 102,416,053 as of June 30, 2026
- Funds held in escrow: 20,000,000 as of June 30, 2026
- Cash and short-term investments: $128.3 million
- Accounts receivable, net: $ 41,380,698 as of June 30, 2026
- Total assets: $ 230,279,724 as of June 30, 2026
- Total liabilities: $ 117,097,271 as of June 30, 2026
- Total stockholders’ equity: $ 113,182,453 as of June 30, 2026
- Net cash used in operating activities: $ (2,766,713) for the six months ended June 30, 2026
- Net cash provided by investing activities: $ 8,162,996 for the six months ended June 30, 2026
- Net cash provided by financing activities: $ 54,438 for the six months ended June 30, 2026
- Net change in cash: $ 5,450,720 for the six months ended June 30, 2026
- Cash and cash equivalents – ending: $ 25,883,741 for the six months ended June 30, 2026
Analysis
Newsmax reported record quarterly revenue of $54.1 million, up 16.5% year over year, and returned to GAAP profitability with net income of $2.9 million, or $0.02 per diluted share. Adjusted EBITDA was $5.7 million, compared with $(3.8) million in the prior-year quarter. The company described the quarter as its first profitable quarter as a public company.
Broadcasting was the central growth engine. Total broadcasting revenue rose 20.5% to $45.8 million, supported by affiliate-fee revenue of $13.4 million, up 81.9%, and licensing revenue of $4.6 million, up 563.5%. Management attributed these gains to new affiliate contractual relationships, rate increases and expanded international licensing agreements. Broadcasting advertising declined 7.0% to $24.4 million, while broadcasting subscription declined 7.9% to $3.5 million.
Digital performance was uneven. Digital advertising grew 21.3% to $4.4 million, but digital subscription fell 12.2% to $2.8 million and product sales fell 31.7% to $1.1 million. Total digital revenue therefore declined 1.3% to $8.3 million. Management also cited audience reach of 26.9 million total viewers, up 4% year over year, and 26.2 million total social media followers as of June 30, 2026.
Profitability benefited from higher revenue, operating efficiency and lower general and administrative expenses, as well as the absence of legal settlement expenses recorded in the prior-year period. The balance sheet showed $ 25,883,741 in cash and cash equivalents and $ 102,416,053 in investments, while management cited $128.3 million in cash and short-term investments and no debt. Net cash used in operating activities was $ (2,766,713) for the first six months of 2026.
The company reiterated full-year 2026 revenue guidance of $212 million to $216 million. Licensing is a key forward variable: management expects related licensing revenues to increase 344% year over year to approximately $16 million in 2026, supported by international agreements and the multi-year Meta content partnership. Investors should also monitor whether declines in broadcasting advertising, digital subscription and product sales persist while Newsmax continues investing in content, distribution and OTT initiatives.
Management, verbatim
This was a milestone quarter for Newsmax. We delivered record revenues and our first quarterly net income since becoming a public company, led by strong growth in affiliate fees and licensing, our highest-margin revenue streams.
Christopher Ruddy, Chief Executive Officer of Newsmax
We are still in strategic investment mode, and that will not change.
Christopher Ruddy, Chief Executive Officer of Newsmax
Our second quarter results demonstrate the operating leverage we are building across the business, with net income of $2.9 million and Adjusted EBITDA of $5.7 million ,
Darryle Burnham, Chief Financial Officer of Newsmax
Not in the filing
stated, not guessed- Previous-quarter financial metrics and percentage comparisons
- GAAP gross margin
- Non-GAAP earnings per share
- Quarterly operating cash flow
- Free cash flow
- A quantified debt balance
- Current-quarter share repurchases
- Current-quarter dividends
- Forward gross-margin guidance
- Forward operating-expense guidance
- Forward tax-rate guidance
- Prior-quarter outlook for comparison
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.