Newsmax (NMAX) Q1 2026 Earnings Transcript

Newsmax reported strong Q1 2026 results with total revenue of $51.7 million (up 14% YoY) and broadcast revenue of $43.7 million (up 20.8% YoY), driven by affiliate fee growth of 75.2% and expanded licensing agreements. The company maintained its position as the fourth-highest rated cable news channel with 30.4 million total viewers and improved net loss by 87.3% to $2.2 million. Management reaffirmed full-year 2026 revenue guidance of $212-$216 million (13% growth at midpoint), citing structural growth from affiliate fees, licensing, and international expansion, while acknowledging cyclical advertising headwinds from post-election normalization.