Newsmax posts record Q3 profit, upgrades trigger double‑digit stock jump
Newsmax reported third‑quarter 2026 net income of $15.2 million, or $0.12 per share, reversing a loss from a year earlier and beating expectations. Underlying revenue reached a record $55 million, up 21.6% year‑over‑year, while total reported revenue was $69 million including a $14 million non‑recurring advertising payment. Freedom Broker (and Freedom Capital Markets) lifted the rating to Buy with a $10 price target, prompting the shares to climb 14.6% in pre‑market trading and later surge about 31% after the release.
Why it matters
The analyst upgrade and earnings beat suggest a near‑term upside of roughly 37% from the prior close, according to the $10 target cited by Freedom Broker. Investors may price in higher affiliate and licensing revenues, including the company’s guidance of about $25 million in annualized international licensing revenue for 2027.
Key facts
- 1Net income was $15.2 million, or $0.12 per share, versus a loss of $4.1 million a year earlier. investing.com
- 2Underlying quarterly revenue hit $55 million, up 21.6% year‑over‑year. investing.com
- 3Total reported revenue was $69 million, including a $14 million non‑recurring advertising payment. investing.com
- 4Affiliate fee revenue rose 77.4% year‑over‑year to $14.3 million. investing.com
- 5Freedom Broker upgraded the rating to Buy and kept a $10.00 price target. investing.com
- 6Shares rose 14.6% in pre‑market trading, reaching $8.35 per share. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.