Newsmax Narrows Loss Amid Higher 1Q Revenue

Dow Jones05-15

By Christopher Kuo

Newsmax narrowed its loss in its first quarter as it posted higher revenue, driven by a boost in broadcasting revenue.

The media company on Thursday posted a loss of $2.2 million in the first quarter, or 2 cents a share, compared with a loss of $17.2 million, or 49 cents a share, a year earlier.

Revenue rose 14% to $51.7 million. Sales were boosted by a 20.8% increase in broadcasting revenue. Digital revenue fell by 12.7%. The company's higher overall revenue was offset by higher production headcount, programming and production costs, continued investment in Newsmax2 and higher stock-based compensation.

The company reiterated its full-year revenue guidance of $212 million to $216 million for 2026.

"While the industry is lapping unusually high election-driven news consumption from early 2025, our first quarter rankings demonstrate that Newsmax continues to perform strongly in a more normalized environment," said Chief Executive Christopher Ruddy.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 14, 2026 16:22 ET (20:22 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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