Newsmax, Inc. · NYSE:NMAX
Newsmax — Q3 2026 Earnings Presentation
19 slides from Newsmax's earnings presentation, Nov 12, 2026
Slide 1: Investor Presentation November 2026
NEWSMAX | Investor Presentation | November 2026 Investor Presentation November 2026 NYSE: NMAX 1
Slide 2: Forward-Looking Statements
NEWSMAX | Investor Presentation | November 2026 I N T R O D U C T I O N Forward-Looking Statements This presentation contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on
Slide 3: Newsmax at a Glance
NEWSMAX | Investor Presentation | November 2026 N E W S M A X T O D A Y Newsmax at a Glance A multi-platform news brand built on the fastest-growing basic cable network of the decade, now profitable and expanding worldwide. #4 In cable news, FY25, all key dayparts (Nielsen) 58M+ Total audience reach
Slide 4: Investment Highlights
NEWSMAX | Investor Presentation | November 2026 N E W S M A X T O D A Y Investment Highlights 1 Rapidly Expanding News Network with Strong Growth Trajectory 2 Highly Loyal Audience with Significant Reach 3 Diverse Platform Model with Multi-Faceted Revenue Streams 4 Platform and Reach Unlocks Monetiz
Slide 5: Building the Future of Journalism, Restoring Trust in News
NEWSMAX | Investor Presentation | November 2026 T H E O P P O R T U N I T Y Newsmax: Building the Future of Journalism Restoring Trust in News P R E - 2 0 1 0 Golden Age of News • Select few universally trusted sources • Mass audiences and stable monetization • Proof that audiences reward authoritat
Slide 6: Capitalizing on Secular Shifts in Media and Society
NEWSMAX | Investor Presentation | November 2026 T H E O P P O R T U N I T Y Capitalizing on Secular Shifts in Media and Society Sociographic shifts • National and global interest in politics and society on the rise • Demographics increasingly identify by political ideology • Being "conservative" is
Slide 7: News Business Today
NEWSMAX | Investor Presentation | November 2026 T H E O P P O R T U N I T Y News Business Today News consumption is diversifying, trust in mass media remains near record lows, and the right side of the market has far fewer options. News consumption diversifying Proportion that used each as a source
Slide 8: The Opportunity
NEWSMAX | Investor Presentation | November 2026 T H E O P P O R T U N I T Y The Opportunity The left-of-center news market is crowded and settled. The center-right market has one incumbent and open whitespace. Battleground settled: fighting for basis points Battleground open: whitespace Strategic ed
Slide 9: On All Platforms, for All People
NEWSMAX | Investor Presentation | November 2026 T H E P L A T F O R M On All Platforms, for All People One newsroom and one brand feeds all distribution channels, each promoting the others. Live cable channel carried on every major pay TV provider, about 57 million homes Free ad-supported streaming
Slide 10: A Loyal Audience: Viewers Who Choose Newsmax
NEWSMAX | Investor Presentation | November 2026 T H E P L A T F O R M A Loyal Audience: Viewers Who Choose Newsmax The fastest-growing cable news network, with viewers who stay longer and millions who watch Newsmax without tuning to the legacy networks +200% Audience growth since 3Q20, total day, da
Slide 11: Affiliate Fee Renewals
NEWSMAX | Investor Presentation | November 2026 G R O W T H Affiliate Fee Renewals Newsmax began collecting affiliate fees in late 2023. Each renewal reprices a first-generation contract against a top- four cable news rating Affiliate fee revenue ($ millions) $26.7 $30.6 $48.4 FY2024 FY2025 LTM 3Q26
Slide 12: Licensing: A Global Brand and an AI Content Partner
NEWSMAX | Investor Presentation | November 2026 G R O W T H Licensing: A Global Brand and an AI Content Partner Local operators license the Newsmax brand and run the channel; AI platforms license the journalism. Both are high margin and capital light and growing Licensing revenue ($ millions) $3.6 $
Slide 13: Streaming and Digital Reach
NEWSMAX | Investor Presentation | November 2026 G R O W T H Streaming and Digital Reach Newsmax2 on nearly every major FAST platform, a deeper Newsmax+ catalog and a social audience growing 13% a year 700+ Licensed and original documentaries and specials on Newsmax+ as of September 30, 2026 6.4M Ave
Slide 14: A Two-Year Window Into the 2028 Cycle
NEWSMAX | Investor Presentation | November 2026 T H E C Y C L E A H E A D A Two-Year Window Into the 2028 Cycle Every presidential cycle draws more attention and more money than the last. Our loyal base stayed with us through the last cycle, and each new cycle amplifies it Political ad spending by p
Slide 15: Growth Initiatives
NEWSMAX | Investor Presentation | November 2026 G R O W T H Growth Initiatives Multiple drivers across audience, distribution, content and streaming Continue to Take Audience Share Fastest-growing basic cable network since 2020, with white space in an underserved center-right market Affiliate Deal R
Slide 16: Third Quarter Fiscal Year 2026 Results
NEWSMAX | Investor Presentation | November 2026 F I N A N C I A L S Third Quarter Fiscal Year 2026 Results Adjusted EBITDA is a non-GAAP measure; reconciliation on slide 18. One-time payment: $14.0 million non-recurring service contract termination fee. 16 Record Underlying Revenue and Second consec
Slide 17: 2026 Guidance: Accelerating Revenue Growth
NEWSMAX | Investor Presentation | November 2026 F I N A N C I A L S 2026 Guidance: Accelerating Revenue Growth Underlying revenue guidance unchanged. Growth is expected to be structural, not cyclical F U L L - Y E A R 2 0 2 6 R E V E N U E G U I D A N C E $212M to $216M +13% at the midpoint $226M to
Slide 18: Non-GAAP Reconciliation: Net Income to Adjusted EBITDA
NEWSMAX | Investor Presentation | November 2026 F I N A N C I A L S Non-GAAP Reconciliation: Net Income to Adjusted EBITDA Adjusted EBITDA is defined as revenues less cost of revenues and general and administrative expenses, excluding the items below ($ in millions) 3Q26 3Q25 Net income (loss) $15.2
Slide 19: Why Newsmax
NEWSMAX | Investor Presentation | November 2026 Why Newsmax A large, underserved center-right audience with few options Loyal viewers who grew through a post- election year Affiliate fees resetting toward market on every renewal A global brand licensed to local operators with minimal capital AI cont