Total revenue reached $189.3 million for the year, up 10.7% and at the high end of guidance. Broadcasting revenue was $153.3 million, up 17.3%, supported by expanded distribution, advertising, affiliate fees, subscriptions, and licensing. Affiliate fees totaled $30.6 million, up 14.9%, driven by new and renewed agreements with higher rates. Advertising revenue increased to $120.3 million, up 10.2%, helped by stronger demand and pricing in linear television, partially offset by lower digital advertising. Product sale revenue rose to $7.3 million, up 20.7%, mainly from book sales. Subscription revenue was $27.5 million, up 2.6%, with Newsmax+ exceeding 260,000 paid subscribers. Digital revenue declined to $35.9 million, down 10.9%, due to post-election declines in advertising and subscription products. Net loss was $99.5 million, up 37.8%, reflecting $78.6 million in legal settlement expenses, stock-based compensation, noncash derivative and warrant liability adjustments, and higher programming investments, partially offset by revenue and fee growth.
"Total revenue was $189.3 million for the year, up 10.7%, reaching the high end of guidance. Broadcasting revenue was $153.3 million, representing 17.3% growth, driven by expanded distribution, advertising, affiliate fees, subscriptions, and licensing. Affiliate fees were $30.6 million, up 14.9%, credited to new and renewed agreements with higher rates. Advertising revenue was $120.3 million for the year, up 10.2%, with gains from increased demand and pricing in linear television, partly offset by lower digital advertising."
"Product sale revenue was $7.3 million for the year, up 20.7%, mainly due to stronger book sales. Subscription revenue was $27.5 million, up 2.6%; Newsmax+ ended the year with over 260,000 paid subscribers, while digital publication subscriptions declined. Other revenue was $3.6 million, up from $2.3 million, primarily driven by international licensing deals. Digital revenue was $35.9 million, down 10.9%, attributed to post-election declines in advertising and subscription products, partially offset by product sales growth."
"Net loss was $99.5 million for the year, a 37.8% increase, reflecting $78.6 million in legal settlement expenses, stock-based compensation, noncash derivative and warrant liability adjustments, and increased programming investments, offset by revenue and fee growth. Adjusted EBITDA was a loss of $6.5 million, down from a positive $10.2 million the prior year, due to ongoing strategic investments. Cash and investments were $131.3 million on hand with no debt, up from $82.4 million at year end 2024, reflecting capital raised during the IPO."
"Fourth quarter revenue was $52.2 million, up 9.6%; broadcasting revenue was $42.5 million (+12.6%), and digital revenue was $9.7 million (-2%). Quarterly net loss was $3 million, a 56.5% improvement, mainly due to higher strategic investments."
#revenue-growth #broadcasting-and-advertising #digital-revenue-decline #net-loss-and-legal-expenses #cash-and-investments
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