Newsmax Reports Q3 2026 Record Revenue Driven by Affiliate Fees and Licensing
Newsmax (NMAX) reported record third-quarter revenue of $69.0 million, a 52.5% increase year-over-year. This growth was significantly bolstered by a one-time $14.0 million nonrecurring service revenue termination fee. Excluding this one-time item, adjusted revenue grew by 21.6% to $55.0 million, driven largely by a 77.4% surge in affiliate fee revenue and expanded international licensing deals involving AI content. The company transitioned from a net loss of $4.1 million in the prior year's quarter to a net income of $15.2 million ($0.12 per share). While digital revenues saw a slight decline due to lower subscription and product sales, Newsmax maintains a strong balance sheet with zero debt and $137.6 million in cash and short-term investments. Management provided full-year revenue guidance between $226 million and $230 million.