Newsmax (NMAX) Investor Presentation summary

Growth trajectory and audience reach

• Rapid expansion with a footprint in over 60 million U.S. homes via pay TV and 100 million+ through streaming platforms.

• Ranked as the fourth highest-rated cable news channel, with significant viewership growth across all platforms.

• Quarterly viewership up 29% year-over-year, with digital and social media engagement also rising sharply.

• Social media followers increased by 33% to over 22 million, and app downloads reached 19 million.

• Newsmax+ paid subscribers grew by 16% to 280,000 as of September 2025.

Financial performance and revenue streams

• FY2024 revenue reached $171 million, with 76% from broadcast and 24% from digital sources.

• Revenue CAGR of 30% from 2019 to 2024, with $130 million in cash and short-term investments as of 3Q FY25.

• 3Q FY25 revenue was $45.3 million, up 4% year-over-year, and broadcast revenue rose 10.1%.

• Ad sales for TV grew 450% and digital ad sales increased 73% from 2020 to 2024.

• Affiliate fee rates trail peers by an average of 7x, presenting significant repricing opportunity.

Strategic positioning and market opportunity

• Multi-platform model includes live cable TV, free and paid streaming, and digital channels.

• Positioned to capitalize on secular shifts in media consumption, with a focus on live content and FAST channels.

• Not part of a media conglomerate, enabling innovative monetization and audience engagement.

• Appeals to American values and targets a highly loyal, action-oriented audience.

• Expanding internationally with new licensing deals and Newsmax en Español.