Newsmax Stock Gains On Q3 Beat, Strong Non-Election Year Growth

Media company Newsmax Inc (NYSE:NMAX) reported third-quarter financial results Thursday after market close.

Here are the key highlights.

• NMAX is trading near recent lows. See the market dynamics here.

Q3 Results: Newsmax reported third-quarter revenue of $45.27 million, up 4% year-over-year. The revenue total beat a Street consensus estimate of $43.98 million, according to data from Benzinga Pro.

The company said broadcast revenue was $36.6 million in the quarter, up 10.1% year-over-year. Advertising revenue was $27.6 million in the quarter, down 1.6%, hurt by the comparison of the 2024 presidential election in the prior year period.

Newsmax reported a loss of three cents per …

Full story available on Benzinga.com