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Financial losses and legal issues make Newsmax a risky investment.
The conservative-leaning media outlet went public on March 31 at an IPO price of $10 per share, skyrocketing 2,550% to a high of $265 by the next day. Here's what you need to know before rushing ...
Newsmax (NYSE: NMAX), the conservative media company that promotes itself as an alternative to Fox (NASDAQ: FOX) News and ...
Newsmax has a history of producing losses, however. Last year, the company lost $72.2 million compared to losses of $30.4 million and $41.8 million in 2022 and 2023, respectively.
As a newly public company, there remains a lot of uncertainty about what the future holds for the business. Newsmax was able to grow sales by 26% annually to reach roughly $171 million last year ...
It’s partly why investors clamored to get into Newsmax's IPO, sending the stock soaring well above its $10.00 per share IPO price. Shares are still trading above the company's IPO price as of ...
Newsmax stock stabilizes at $23 post-IPO surge. Strong 2024 revenue growth from subscriptions and fees highlights potential, but dilution may pose challenges. Read more on NMAX stock.
Newsmax faces audience limits, legal risks, and weak profit potential despite a strong cash position and loyal base. Find out why NMAX stock is a sell.
Nevertheless, these gains in audience have yet to convert into profitability. Newsmax incurred a net loss of $17.2 million, or $0.49 per share, accompanied by an adjusted EBITDA loss of $1.2 million.
Was that pop deserved? At this point, we have to consider that the post-IPO share price pop may be an anomaly for Newsmax. Prominence and novelty only go so far, and these days, it looks like that ...
Newsmax's Hulu deal boosts its reach to 60 million U.S. homes. Stock surged post-IPO but dipped 32% over the past month. Get special access to three exclusive "Top 10 Stocks" power lists today ...
Following the breakout year for Newsmax in 2024, leading up to the recent IPO, its main challenge will be maintaining rapid audience growth while navigating a highly competitive media landscape.