Core Insights - Newsmax reported record full-year revenues of $189.3 million for fiscal year 2025, marking a 10.7% year-over-year increase, surpassing expectations despite a challenging post-election year [2][3] - The company achieved a broadcasting revenue increase to $153.3 million, reflecting a 17.3% year-over-year growth [2][16] - Newsmax maintained its position as the fourth highest-rated cable news channel, reaching over 58 million total viewers [2][7] Financial Performance - Total quarterly revenues for Q4 2025 were $52.2 million, a 9.6% increase year-over-year [12] - Broadcasting revenues for Q4 2025 grew 12.6% year-over-year to $42.5 million, driven by affiliate fee revenue growth and higher advertising rates [13][16] - The company reported a net loss of $(99.5) million for the full year 2025, primarily due to legal settlement expenses and increased production investments [17][20] Strategic Developments - Newsmax expanded its domestic distribution through multi-year carriage agreements, including a renewal with YouTube TV [4] - The company advanced its international expansion strategy with new distribution agreements in Europe and the Middle East, extending its reach to over 100 countries [5] - Newsmax continued to scale its streaming and digital platforms, enhancing its content offerings and audience reach [6] Management Commentary - The CEO highlighted the company's strong performance in its first year as a public entity, emphasizing double-digit revenue growth and expanded audience reach [8] - The CFO expressed confidence in the financial outlook, focusing on prudent investments in content and technology to support long-term shareholder value [20] Future Outlook - Newsmax projects full-year 2026 revenues between $212 million and $216 million, indicating a 13% year-over-year growth at the midpoint [19]

Group 1 - Newsmax expresses deep sorrow over the passing of Michael Reagan, a founding analyst and columnist for the network [1][2] - CEO Chris Ruddy highlights Michael Reagan's embodiment of his father's legacy and his dedication to freedom, family, and faith [1] - Michael Reagan is remembered as a devoted family man and a great patriot, with a significant impact on the growth of Newsmax [2] Group 2 - Newsmax Inc. is listed on the NYSE under the ticker NMAX and operates one of the leading news outlets in the U.S. [2] - The Newsmax channel is the fourth highest-rated network and is available on all major pay TV providers, reaching over 40 million Americans regularly [2] - Newsmax's media properties include Newsmax TV, the Newsmax App, and its website Newsmax.com, along with a magazine, and it has a combined social media following of 20 million [2]