Newsmax Posts Record $69.0 Million Quarter

The Tip Desk · November 13, 2026 · 3 min read

The cable news operator booked $14.0 million of non-recurring termination fees and kept 2026 revenue guidance at $212 million to $216 million.

Newsmax Inc. (NMAX) reported record quarterly revenues of $69.0 million for the three months ended September 30, 2026, a 52.5% increase from a year earlier, after recognizing a $14.0 million non-recurring service revenue termination payment on an advertising purchase agreement.

Excluding that one-time item, the company said total revenues were a record $55.0 million, up 21.6% year-over-year, and advertising revenues were $28.1 million. Year-over-year growth had been 16.5% in the second quarter and 14.0% in the first quarter. Chief Executive Officer Christopher Ruddy called the third quarter the strongest in the company’s history as a public company and said that, setting aside the one-time revenue item, Newsmax delivered its fastest revenue growth since its listing and a second consecutive profitable quarter.

Broadcasting revenues were $60.7 million, up 65.9% year-over-year, or $46.7 million, up 27.6%, excluding the termination fee. The company attributed the increase to affiliate fee revenue of $14.3 million, up 77.4%, from new contractual relationships and rate increases that took effect in late 2025 and 2026, and to broadcasting licensing revenue of $4.7 million, up 291.0%, on expanded international licensing agreements. Broadcasting advertising was $24.3 million, up 3.1%. Broadcasting revenue had been $45.8 million in the second quarter and $43.7 million in the first quarter.

Digital revenues were $8.3 million, down 4.1% year-over-year. Digital advertising was $3.8 million, digital subscription $2.7 million and product sales $1.2 million; digital licensing of $0.6 million appeared for the first time.

Net income was $15.2 million, or $0.12 a share, compared with a net loss of $4.1 million, or $0.03 a share, a year earlier. The company said the improvement was driven by higher total revenue, growth in high-margin affiliate fee and licensing revenue and lower legal expenses, partially offset by continued investment in programming and production. Adjusted EBITDA was $19.0 million, an improvement of $20.0 million from a $0.9 million loss a year earlier; excluding the one-time revenue item, Adjusted EBITDA was $5.0 million. Chief Financial Officer Darryle Burnham said affiliate and licensing growth continued to shift the revenue mix toward the company’s highest-margin streams.

Audience reach was 22.5 million total viewers, including 9.1 million Adults 35-64, versus 26.9 million total viewers and 11.3 million Adults 35-64 in the second quarter. Social media followers grew 13% year-over-year to 26.8 million as of September 30, 2026. Newsmax said it launched on AFN Now and added carriage with independent cable operators, and that the Newsmax+ library grew to more than 700 licensed and original documentaries and specials. Newsmax Ukraine went live on November 1, 2026, and Newsmax en Español expanded U.S. streaming distribution.

The company ended the quarter with $137.6 million in cash and short-term investments, including $26.7 million of cash and cash equivalents and $110.8 million of short-term investments, and said it had no debt. It is maintaining underlying full-year 2026 revenue guidance of $212 million to $216 million, which excludes the $14.0 million one-time item and represents 13% year-over-year growth at the midpoint; including the item, guidance is $226 million to $230 million. International licensing revenues remain on track to increase 344% year-over-year to approximately $16 million in 2026.