NewsMax
American online and multi-media publisher that covers the latest developments in politics, national and world news, and more.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | $75.0m | IPO |
| Total Funding | 000k | ||
| USD | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 26 % | 5 % | 11 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (10 %) | (38 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (31 %) | (42 %) | - | - |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Newsmax Inc. operates as a multi-platform media company, establishing a significant presence in the American conservative news landscape since its inception. Founded in 1998 by Christopher Ruddy, a former journalist for the New York Post and the Pittsburgh Tribune Review, the company began as a digital media publisher. Ruddy, who holds a master's degree in Public Policy from the London School of Economics, identified an opportunity to create an alternative media voice. The company's origins are rooted in Ruddy's journalistic background, which included investigative work and a focus on political affairs.
The firm's business model is structured across two primary segments: Broadcasting and Digital Media. A significant portion of its income is derived from a diversified set of revenue streams, including advertising, affiliate fees from cable providers, and subscriptions. For the first quarter of 2025, Newsmax reported revenues of $45.3 million, with advertising contributing $28.9 million, affiliate fees $7.4 million, and subscriptions $7.0 million. The company targets an audience of viewers aged 45 and older, a demographic that controls a substantial portion of the nation's disposable income. Advertising clients range from financial services and healthcare to direct-to-consumer brands.
Newsmax's core offering is its 24/7 cable news channel, Newsmax TV, launched in 2014 to compete with established news networks. The channel is available in approximately 60 million homes through major cable and satellite systems. Complementing its linear channel, the company operates Newsmax2, a free ad-supported streaming channel; Newsmax.com, a news website with verticals like Health and Finance; a mobile app; and print publications, including Newsmax Magazine. In late 2023, the company shifted its strategy by placing its main channel feed behind a subscription paywall, Newsmax+, while offering the curated Newsmax2 stream for free. A key milestone was its initial public offering in March 2025, listing on the New York Stock Exchange under the ticker NMAX.
Keywords: cable news, digital media, broadcasting, conservative news, subscription services, advertising revenue, affiliate fees, public company, streaming media, print publishing