NEWSMAX INC Stock Price, News & Analysis

Newsmax (NYSE:NMAX) has filed a major federal antitrust lawsuit against Fox Corporation and Fox News Network in the U.S. District Court for the Southern District of Florida. The lawsuit alleges Fox abused its market dominance in right-leaning pay TV news through anticompetitive practices.

The complaint details several exclusionary tactics by Fox, including no-carry provisions, financial penalties for distributors carrying Newsmax, and confidential drag-down clauses. Fox allegedly charges distributors nearly $2.20 per subscriber monthly, double CNN's fees and six times MSNBC's.

Internal communications cited in the complaint show Fox executives viewed Newsmax as a competitive threat post-2020 election. The lawsuit seeks triple damages under federal law and aims to restore competition in the right-leaning pay TV news market.

Newsmax (NYSE:NMAX) has appointed David Gandler, Co-Founder and CEO of FuboTV, to its Board of Directors. Gandler joins five existing board members including CEO Christopher Ruddy, bringing extensive experience in streaming and media industries to Newsmax.

Gandler's background includes founding FuboTV, which went public in 2020, and over 15 years in video sales across broadcast and cable TV. He currently owns Leyton Orient F.C. and serves on the BKFC board. The appointment aims to strengthen Newsmax's streaming capabilities, particularly for its Newsmax+ service.

Newsmax reaches over 40 million Americans through various platforms, including its TV channel, website, and social media, positioning itself as the fourth highest-rated news network in the U.S.

Newsmax (NYSE:NMAX) reported strong Q2 2025 financial results with total revenues of $46.4 million, up 18.4% year-over-year. Broadcasting revenues surged 28.5% to $38.0 million, while advertising revenues increased 26.2% to $29.9 million. The company reached a settlement with Dominion Voting Systems, resulting in a quarterly net loss of $(75.2) million.

The company expanded its reach to over 60 million U.S. homes and 100 countries, launching partnerships with Fubo, Hulu+, and international telecom providers. Newsmax maintained its position as the fourth highest-rated cable news channel with over 26 million quarterly viewers. The company reiterated its full-year 2025 revenue guidance of $180-190 million.

Newsmax (NYSE:NMAX) has scheduled its Q2 2025 financial results announcement for Tuesday, August 19, 2025, after market close. The earnings release and supplemental financial information will be accessible through the company's investor relations website at ir.newsmax.com.

Newsmax (NYSE:NMAX) has reached a settlement agreement with Dominion Voting Systems, agreeing to pay $67 million to resolve a defamation lawsuit filed in 2021. The settlement amount, significantly lower than Dominion's original $1.6 billion claim, will be paid in installments over three fiscal years through company revenues.

The lawsuit stemmed from Newsmax's coverage of the 2020 presidential election. While maintaining its reporting was not defamatory, Newsmax cited concerns about receiving a fair trial in Delaware Court under Judge Eric Davis, pointing to various judicial rulings they believed limited their defense capabilities. The company has since redomiciled from Delaware to Florida and expects no disruption to its operations or growth strategy from the settlement.

Newsmax (NYSE:NMAX) has expanded its multi-year partnership with Fubo, a sports-first live TV streaming platform. The agreement includes the continued distribution of Newsmax on Fubo's base Pro plan and introduces Newsmax en Español on Fubo's Latino plan and Latino Plus add-on package.

As the fourth highest-rated cable news network according to Nielsen, Newsmax will maintain its national distribution on Fubo's platform. Notably, Newsmax en Español is pioneering as the first U.S.-based news channel using AI technology for live content dubbing into another language.

Newsmax (NYSE:NMAX) has been added to both the Russell 2000® and Russell 3000® Indexes, effective June 30, 2025. This inclusion provides increased visibility to institutional investors, with approximately $10.6 trillion in assets benchmarked against Russell's U.S. indexes.

The company reports significant distribution expansion, reaching approximately 60 million U.S. households through platforms including Hulu+. Newsmax has also secured international distribution agreements in Israel, Armenia, and the Dominican Republic. Additionally, Newsmax+, the company's streaming service, has expanded its availability on Comcast's entertainment devices nationwide.

As the fourth highest-rated network, Newsmax's media properties reach over 40 million Americans regularly through various platforms, including Newsmax TV, their website, and publications. The company's social media presence extends to 20 million combined followers.

Newsmax Inc. (NYSE:NMAX) has announced the launch of its streaming service Newsmax+ on Comcast's entertainment platforms, including Xfinity X1, Xfinity Flex, Xumo Stream Box, and Xumo TV. The subscription service, priced at $4.99 monthly or $49.99 annually with a free trial option, offers access to multiple channels including the Newsmax live feed, Newsmax2, Newsmax en Espanol, and World at War. The service also features family-friendly entertainment content, including classic series like The Beverly Hillbillies, Bonanza, and Dragnet, along with documentaries and movies. This expansion significantly increases Newsmax+'s reach across U.S. households through Comcast's entertainment ecosystem.

Newsmax Inc. (NYSE:NMAX) has appointed Ambassador Paula J. Dobriansky and former U.S. Labor Secretary Alex Acosta to its Board of Directors. Dobriansky, a foreign policy expert with over 30 years of government experience, will serve on the Audit Committee alongside Acosta, who joined upon the company's IPO in March 2025. The five-member board includes CEO Chris Ruddy, Ambassador Nancy Brinker, and Christopher Nixon Cox. Dobriansky previously served as Under Secretary of State for Global Affairs and held positions during the Trump administration. Acosta, the 27th U.S. Labor Secretary, brings extensive experience in law, banking, and public service. Newsmax also provided FY2025 revenue guidance of $180-190 million. The company operates as the fourth highest-rated cable news network in the U.S., reaching over 40 million Americans through various platforms.