Newsmax, Inc. · NYSE:NMAX
Newsmax — Investor Presentation (November 2025)
16 slides from Newsmax's investor presentation, Nov 13, 2025
Slide 1: November 2025 Investor Presentation
November 2025 Investor Presentation
Slide 2: Investment Highlights
Investment Highlights Rapidly Expanding News Network with Strong Growth Trajectory Highly Loyal Audience with Significant Reach Diverse Platform Model with Multi - Faceted Revenue Streams Platform and Reach Unlocks Monetization Upside World - Class Leadership with Strategic Access Debt - Free Balanc
Slide 3: Newsmax Overview
On all platforms, for all people Newsmax Overview Growth and Scale U.S. Homes Footprint Across Pay TV 60M+ 100M+ Streaming on smartphones, apps and other devices #4 In Cable News 29M+ Newsmax TV Quarterly Viewership Jan - Sep ’25 vs. ‘24 +8% Newsmax TV Audience Reach Jan - Sept '25 vs. ‘24 +25% News
Slide 4: Newsmax – Building The Future Of Journalism
Digital & Social Disruption • Fragmented news outlets and rise of misinformation • Click - driven economics • Market void emerges, trust gap grows Legacy Media Overreach • CNN, Fox lean into entertainment and spectacle • Ratings chase undermines credibility • Audiences overwhelmed by conflict journa
Slide 5: Capitalizing On Secular Shifts In Media And Society
SOCIOGRAPHIC SHIFTS MEDIA SHIFTS Capitalizing On Secular Shifts In Media And Society • National and global interest in politics and society on the rise • Demographics increasingly identify by political ideology • Being “conservative” is more nuanced • Growing need to separate facts from misinformati
Slide 6: News Business Today
News Business Today News Consumption Diversifying Trust is in Decline Less Competitive On The Right Proportion that used each as a source of news in the last week in the U.S. Americans’ trust in mass media is at an all time low 72% Top 15 multi - channel news source preferences by political affiliat
Slide 7: The Opportunity
Battleground Settled Fighting for Basis Points Battleground Open Huge Whitespace The Opportunity x Purpose - built for multi - channel, multi - media x Appeals to American values x Not beholden to a media conglomerate x Innovative monetization & audience engagement x Unified, focused leadership and
Slide 8: Newsmax Reach – Now A Growth Amplifier
Newsmax Reach – Now A Growth Amplifier Expand Revenue Opportunities, International and More Digital Media / Subscription Expansion Advertising Revenue Growth Affiliate Fee Upside International growth and expand audience lifetime value by selectively offering our audience new products and services Sc
Slide 9: Affiliate Fees Set To Reprice
$2.52 $1.30 $0.64 $0.39 $0.38 60M 1 56M 59M 48M 59M 61M #4 #2 #6 #5 #3 #1 Affiliate Fees Set To Reprice CAPITALIZING ON REACH AND GROWTH Source: Nielsen as of September 2025, Kagan (*average monthly affiliate fee per subscriber in 2024). 1) Nielsen Homes inclusive of management estimate. Affiliate F
Slide 10: Newsmax Beats Competition
NEWSMAX BEATS COMPEITION Total Day: Jan - Se pt ' 25 vs. ‘24 +1% - 9% - 21% - 32% RECENT NATIONAL AD ADDITIONS $80M $15M 2020 2024 Newsmax Digital AD Sales $11M $20M 2020 2024 +450 % +7 3 % Accelerating AD Growth Newsmax TV AD Sales 10 Source: Nielsen NPower National Live SD (000) used in analysis J
Slide 11: Fast-Growing Footprint Broadens & Strengthens Our Brand
53M+ Total Newsmax TV Viewers 19M+ Newsmax App Downloads 280K+ Newsmax+ Paid Subscribers TELEVISION APPS / STREAMING NEWSMAX.COM SOCIAL 22M+ Social Media Followers On All Platforms, for All People +8 % as of Sept '25 vs. ‘24 +16% as of Sept '25 vs. ‘24 +33% as of Sept '25 vs. ‘24 +6 % as of Sept '25
Slide 12: Expanding Audience Lifetime Value
HIGHLY ENGAGED AUDIENCE UNLOCKING SUBSTANTIAL SPEND Expanding Audience Lifetime Value Enhance Product Execution: Podcasts, radio, Newsmax.com, app, books, magazine, social, talent development, new digital media channels, seeking family friendly content Global Growth: New international licensing deal
Slide 13: Global Growth With Significant Expansion On The Horizon
Global Growth With Significant Expansion On The Horizon 100+ Countries Available N e w D i st r i b u t i o n P a r t n e r sh i p s: x C e l l c o m I s r a e l x T e l e c o m A r m e n i a x S u p e r c a n a l ( D o m i n i c a n R e p u b l i c ) x F r e e v i e w U . K . x F u b o C a n a d a
Slide 14: World-Class Leadership With Strategic Access
World - Class Leadership With Strategic Access CHRISTOPHER RUDDY Chief Executive Officer • Founded Newsmax in 1998 • Former Journalist at New York Post, Pittsburgh Tribune - Review • Served as Media Fellow, Hoover Institution • Mult ichannel News’ “ News Titans”: Top 10 People to Know in TV News • N
Slide 15: Strong Quarterly Results
STRONG QUARTERLY RESULTS REALIZING STRONG REVENUE GROWTH AND OPERATIONAL MOMENTUM IN A NON - ELECTION YEAR 3Q FY25 Highlights Revenues of $45.3M, up 4.0% YoY Broadcast Revenues of $36.6M, up 10.1% YoY Remains Fourth Highest - Rated Cable News Channel $43.6 $45.3 Revenue ($ in millions) Partnership e
Slide 16: Positioned to Generate Long-Term Shareholder Value
Positioned to Generate Long - Term Shareholder Value Rapidly Expanding News Network with Strong Growth Trajectory Highly Loyal Audience with Significant Reach Diverse Platform Model with Multi - Faceted Revenue Streams Platform and Reach Unlocks Monetization Upside World - Class Leadership with Stra