Newsmax has reported its second-quarter financial results, and the news is overwhelmingly positive for the cable network.
During the months of April, May, and June, Newsmax reported $46.4 million in quarterly revenue. That figure represents an 18.4% year-over-year increase.
Total broadcast revenues grew to $29.6 million, an increase of 28.5% compared to 2024’s second quarter. Meanwhile, advertising revenue saw a 26.2% year-over-year increase, up to $29.9 million.
Finally, the company earned $7.3 million in affiliate revenue and carriage fees, an increase due to new contracts enacted this year.
“We are excited to report another strong quarter with impressive financial and operational results that demonstrate the power of our growing cable and FAST channels,” said Newsmax CEO Christopher Ruddy. “Our second-quarter revenue growth reflects the continued strength of our business model and the resonance of our content with American audiences.”
“The growth we’re seeing across our affiliate fees, advertising revenue and Newsmax+ subscriptions, combined with our strong balance sheet and access to capital markets, positions us well to execute on our long-term strategic vision while maintaining the operational flexibility needed to pursue emerging growth opportunities,” added Newsmax CFO Darryle Burnham.
The financial results announcement comes on the heels of the news that the network has settled the defamation lawsuit brought forth by Dominion Voting Systems. Newsmax will pay $67 million to settle the case, with $27 million being paid now, with the remaining balance being paid in $20 million increments over the course of the next 18 months.
“We are pleased to have reached a resolution with Dominion,” said Ruddy. “This settlement enables us to move forward from the litigation and remain focused on delivering the trusted news and analysis our viewers rely on every day.”
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