Newsmax Inc. Class B AI Stock Analysis
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Newsmax Inc. Class B (NMAX) AI Stock Analysis
Newsmax Inc. Class B
(NYSE:NMAX)
The score is held back primarily by still-developing fundamentals (history of losses/weak cash flow despite recent improvement) and bearish technicals (below major moving averages with negative MACD). A strongly positive earnings call with maintained growth guidance and improving profitability trends provides a meaningful offset, but valuation remains difficult to justify with a highly negative P/E and no dividend yield data.
Newsmax Inc. Class B (NMAX) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $657.33M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.05M
- Price to Earnings (P/E)
- -148.8
- Beta (1Y)
- 0.03
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 500
- Sector
- General
- Sector Strength
- 55
- Industry
- Broadcasting
Newsmax Inc. Class B Business Overview & Revenue Model
Company Description
Newsmax Inc. is a holding company, which engages in television broadcasting and multi-platform content publishing that produces original news and editorial content for consumers through various media outlets, including TV new channels, digital and pr...
Newsmax Inc. Class B Earnings Call Summary
The call was strongly positive, led by record underlying revenue, a second consecutive adjusted EBITDA-positive quarter, positive net income, substantial affiliate and licensing growth, expanding audience engagement, a strong balance sheet with no debt, and maintained full-year guidance. The main challenges were declines in digital revenue, subscriptions, product sales, and legacy publications, along with the ongoing effort to build Newsmax+ subscriber revenue. Highlights significantly outweighed lowlights.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Newsmax is maintaining its underlying full year 2026 revenue guidance of $212 million to $216 million, representing 13% growth year-over-year at the midpoint of the range; including the one-time item, full year 2026 revenue guidance is $226 million to $230 million. The company is on track for approximately $16 million in international licensing fees this year, all of it under agreements already signed, and estimates annualized licensing revenues of approximately $25 million next year. Newsmax expects content deals and other partnerships with AI companies to grow over the coming years, expects to benefit more in terms of advertising during the 2028 cycle, and continues to expect its growth to be structural, not cyclical, led by affiliate fee expansion and international licensing.
Newsmax Inc. Class B Financial Statement Overview
Summary
Revenue growth is strong and TTM results show narrowing losses with a recent turn to positive operating/free cash flow, but the longer record includes persistent operating losses, historically negative equity, and uneven cash generation—so the financial improvement is not yet proven durable.
Income Statement
28NegativeBalance Sheet
46NeutralCash Flow
34Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 69.03T | 189.30M | 171.02M | 135.28M | 135.31M |
| Gross Profit | 38.21T | 71.63M | 84.05M | 55.82M | 56.37M |
| EBITDA | 14.29T | -93.14M | -65.91M | -38.05M | -17.34M |
| Net Income | 15.23T | -99.50M | -72.17M | -41.78M | -19.94M |
Balance Sheet | |||||
| Total Assets | 242.65T | 239.84M | 146.07M | 71.61M | 66.87M |
| Cash, Cash Equivalents and Short-Term Investments | 26.73T | 131.33M | 82.36M | 7.26M | 11.44M |
| Total Debt | 10.55T | 9.36M | 4.10B | 12.41M | 14.98M |
| Total Liabilities | 104.51T | 133.79M | 155.14M | 95.19M | 48.77M |
| Stockholders Equity | 138.14T | 106.05M | -9.07M | -23.58M | 18.10M |
Cash Flow | |||||
| Free Cash Flow | 1.76M | -67.11M | -49.68M | -4.75M | -13.20M |
| Operating Cash Flow | 2.63M | -64.45M | -48.69M | -3.83M | -7.32M |
| Investing Cash Flow | 1.91M | -53.12M | -58.43M | 5.40M | -5.60M |
| Financing Cash Flow | 339.69K | 153.96M | 125.13M | 427.44K | 0 |
Newsmax Inc. Class B Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NMAX, the sentiment is Negative. The current price of 7.29 is below the 20-day moving average (MA) of 7.95, below the 50-day MA of 9.48, and below the 200-day MA of 8.01, indicating a bearish trend. The MACD of -0.55 indicates Negative momentum. The RSI at 32.51 is Neutral, neither overbought nor oversold. The STOCH value of 23.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NMAX.
Newsmax Inc. Class B Risk Analysis
Newsmax Inc. Class B disclosed 63 risk factors in its most recent earnings report. Newsmax Inc. Class B reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
2 New RisksNewsmax Inc. Class B Peers Comparison
Overall Rating
GTN64Neutral
SSP54Neutral- NMAX50Neutral
FUBO46Neutral
IHRT45Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GTN | 64Neutral | $610.56M | 19.48 | 2.24% | 5.51% | 0.69% | -33.18% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| SSP | 54Neutral | $348.44M | -0.28 | -169.73% | ― | -8.90% | -2931.13% |
| NMAX | 50Neutral | $999.70M | -148.81 | -5.93% | ― | ― | ― |
| FUBO | 46Neutral | $859.38M | -6.05 | -9.15% | ― | ― | ― |
| IHRT | 45Neutral | $93.90M | -0.39 | 11.73% | ― | 4.21% | 43.71% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NMAX | Newsmax Inc. Class B | 7.29 | -0.32 | -4.20% | |
| SSP | E. W. Scripps Company Class A | 3.61 | -0.67 | -15.65% | |
| GTN | Gray Media Inc | 5.99 | 1.44 | 31.76% | |
| IHRT | Iheartmedia | 0.58 | -3.43 | -85.44% | |
| FUBO | Fubotv Inc. | 7.67 | -32.65 | -80.98% |
Newsmax Inc. Class B Corporate Events
Newsmax Reports Strong Third-Quarter Revenue and Audience Growth
PositiveOn November 6, 2026, Nancy G. Brinker gave notice of her resignation from Newsmax’s Board, effective November 9, 2026. On that date, the Board appointed Carla Sands to fill the vacancy and determined that she was independent under New York Stock Exch...
Newsmax Posts Record Q2 Revenue and First Public Profit
PositiveNewsmax Inc., a NYSE-listed center-right media company, operates the Newsmax cable channel and associated digital properties, including the Newsmax App, Newsmax.com, and Newsmax Magazine. The fourth highest-rated cable news network in the U.S., it re...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 13, 2026