What factors drove the changes in Newsmax's revenue and profit?

What is the revenue and EPS growth rate for Newsmax year over year?

Did Newsmax beat or miss consensus estimates last quarter?

What guidance did Newsmax's management provide for the next earnings period?

What is the market's earnings forecast for Newsmax next quarter?

What were the key takeaways from Newsmax's earnings call?

What were the key takeaways from Newsmax’s earnings call?

What is Newsmax's latest dividend and current dividend yield?

- **Revenue Resilience**: Q3 2025 revenue up 4% YoY to $45.3M despite non-election year, driven by +22.3% affiliate fees and +8% Newsmax Plus subscribers. 
- **Streaming Success**: Newsmax 2 viewership up 33% in daytime, World at War channel launched. 
- **Cash Strength**: $130.4M cash & investments post-IPO, supporting strategic growth. 
- **Content Investment Payoff**: $M+ spent on exclusive content, with lagged ROI from app additions. 
- **Distribution Momentum**: 900+ hotels, Fubo Newsmax en Español, Trump Media global streaming. 
- **Risk Mitigation**: CEO reaffirms no shares sold, plans to buy more. 
- **Ad Growth Outlook**: CTV/OTT ad revenue poised to accelerate via Newsmax 2's OTT expansion.

**【CEO Summary Section】**
- **Revenue Growth**: Total Q3 2025 revenue of $45.3 million, up 4% YoY, driven by a diversified model including affiliate fees (+22.3%), broadcasting ad revenue, and Newsmax Plus subscribers (+8% YoY). 
- **Market Position**: Ranked #4 cable news network, reaching 60 million homes, with Newsmax 2 viewership up 33% in daytime vs. Q3 2024. 
- **Strategic Initiatives**: 
  - Expanded international distribution via Newsmax en Español and partnerships with Fubo and Trump Media. 
  - Launched World at War streaming channel and family-friendly content on Newsmax Plus. 
  - Invested in exclusive international coverage (e.g., Israel with Carl Higbie) and AI-driven news distribution. 
- **Distribution Wins**: 
  - 900+ hotels, 300,000+ rooms via hospitality partnership. 
  - Curb Taxi TV in 65 markets, 2.3B annual impressions. 
  - Trump Media's Truth Plus global streaming platform. 

**【CFO Financial Commentary】**
- **Financial Highlights**: 
  - Q3 2025 net loss of $4.1M (58.1% improvement vs. Q3 2024), driven by reduced legal expenses. 
  - Adjusted EBITDA: -$1.8M (vs. +$4.4M YoY), reflecting investments in production and public company costs. 
  - Cash & investments: $130.4M (vs. $82.4M at end-2024), supported by IPO proceeds. 
- **Revenue Breakdown**: 
  - Broadcasting: $36.6M (+10.1% YoY), led by affiliate fees ($8.1M, +22.3% YoY). 
  - Subscription: $6.9M (flat YoY, offsetting election cycle declines). 
  - Product Sales: $1.5M (+1.8% YoY). 
- **Key Trends**: 
  - Linear ad rates up despite 1.6% YoY decline in ad revenue (election cycle comparison). 
  - Newsmax 2 streaming success in non-election year. 

**【Q&A Key Highlights】**
- **Advertising Environment**: 
  - Non-election year ad revenue decline (-1.6% YoY) offset by higher rates and Nielsen ratings. 
  - CTV/OTT ad growth opportunities via Newsmax 2's 12+ OTT platforms. 
- **Content Investments**: 
  - $M+ spent on documentaries, scripted content, and exclusive talent. 
  - Lagged ROI: e.g., app content additions will drive Q4+ marketing efforts. 
- **Affiliate Fee Trends**: 
  - 22% QoQ growth in affiliate fees, driven by new contracts and rate increases. 
  - MVPDs prioritize live news/sports, valuing Newsmax's 24/7 trusted brand. 
- **Competitive Advantages**: 
  - Digital-first origin provides unique TV/digital synergy. 
  - 22M+ social media followers enhance distribution leverage. 
  - Reuters Institute ranks Newsmax among top 12 US media properties. 
- **Growth Drivers**: 
  - Cable TV: 60M+ homes, expanding international carriage. 
  - Streaming: Newsmax 2's 33% Q3 viewership growth, World at War channel. 
  - Print: Bestselling books (e.g., *Pagan Threat* at #4 NYT list) driving magazine subscriptions. 
- **Risk Management**: 
  - Mitigating fake financial news (e.g., Seeking Alpha inaccuracies). 
  - Management fully aligned with shareholders (CEO: no shares sold, plans to buy more).

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