Newsmax Shares Rise as Company Returns to Third-Quarter Profit
Newsmax swung to a third-quarter profit of $15.2 million and beat revenue expectations. Shares rose 13% in after-hours trading following the report.
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what happened
Newsmax swung to a third-quarter profit of $15.2 million, or 12 cents a share, against a loss of $4.1 million, or 3 cents, a year earlier, according to Dow Jones Newswires. Revenue climbed to $69 million from $45.3 million. Analysts polled by FactSet had forecast a loss of 1 cent per share on $49.8 million in revenue.
About $14 million of that revenue came from a one-time payment tied to ending an advertising purchase agreement with a customer, the company said. Excluding it, revenue would have grown 22% to $55 million. CEO Christopher Ruddy said that, setting the one-off aside, the company posted its fastest revenue growth since listing and a second straight profitable quarter. Full-year revenue guidance now stands at $226 million to $230 million, while underlying growth guidance is unchanged.
why it matters
The one-time item flatters the headline numbers, so the underlying picture is less dramatic than the profit swing suggests. The 13% after-hours gain to $8.25 came after a 5.8% decline in the regular session to $7.29.
market impact
Newsmax shares: profit and revenue above forecasts support the stock
- Newsmax shares pressure up — quarterly profit and revenue came in above analyst expectations
tags
instruments
sources
- Newsmax Shares Jump on Swing to 3Q Profit — Dow Jones Newswires, 12 November 2026 at 23:38 UTC
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