The Daily Wire is taking on investors. That could lead to the company going public in the not-so-distant future.
What We Know: A report from Semafor‘s Max Tani says the company is seeking $100 million in investment to take it public. That round of investment would value the company at $750 million.
What the Numbers Show: Data acquired by Semafor show that the company had an Adjusted EBITDA of $48 million last year. However, its subscription business has decreased in each of the past two years. After reaching as high as 1.25 million in 2024, it is now down to 771,000, according to the estimates. Its advertising revenue, however, is up 14% in 2026, after falling in each of the previous three years.
What Remains Unclear: When The Daily Wire could actually go public. The report from Tani states that the company could go public in the next 18 months. However, it noted that it would “prefer to take a minority, aligned investment to grow the business,” before going public.
What It Means: The Daily Wire has been in the headlines for almost all the wrong reasons over the past 18 months or so. Between the infighting of Candace Owens and Ben Shapiro, the exit of co-CEOs Jeremy Boreing and Caleb Robinson, and layoffs at the company, the news hasn’t been positive. But the internal data shows that things are looking up for the organization, despite those moves.
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Garrett Searight is Barrett Media’s News Editor, which includes writing daily news stories, features, and opinion columns. He joined Barrett Media in 2022 after a decade leading several radio brands in several formats, as well as a 5-year stint working in local television. In addition to his work with Barrett Media, he is a radio and TV play-by-play broadcaster. Reach out to him at Garrett@BarrettMedia.com.
