Newsmax Shares Rated Outperform with $17 Target After Strong Q1 Results
Newsmax Inc. received an Outperform rating from Channelchek equity research with a $17 price target after reporting better-than-expected first-quarter revenue and a narrower adjusted EBITDA loss, highlighting affiliate fee growth and diversified distribution as key drivers.
Newsmax Inc. (NYSE: NMAX) may offer significant upside for investors following stronger-than-expected first-quarter results, according to a new equity research report from Channelchek, a service of Noble Capital Markets. The report, issued by analysts Michael Kupinski and Jacob Mutchler, maintains an “Outperform” rating and sets a price target of $17 per share, a substantial premium over the recent trading price of $6.92.
The company reported first-quarter revenue of $51.7 million and an adjusted EBITDA loss of $354,000, outperforming Channelchek’s forecast of a $3.1 million loss. The better-than-expected performance was driven in part by lower professional fees and marketing expenses. Analysts highlighted affiliate fee revenue growth of 75.15% year over year as a key long-term earnings driver, noting that favorable multichannel video programming distributor renewal negotiations and expanding monetization opportunities could materially improve free cash flow over time.
Newsmax’s diversified distribution model was also cited as a strength. The network reaches more than 100 countries and approximately 50 million Americans across platforms including cable, streaming, digital publishing, social media, and international licensing. This broad reach underpins the company’s ability to grow its audience and revenue streams.
The report is available in full at https://ibn.fm/hFCZe. Newsmax, listed on the NYSE under the ticker NMAX, operates one of the nation’s leading news outlets, the Newsmax channel, which is the fourth highest-rated network and is carried on all major cable stations and a major satellite system. The company’s media properties regularly reach more than 40 million Americans through Newsmax TV, the Newsmax App, its website Newsmax.com, and Newsmax Magazine. Its social media accounts have 20 million combined followers. Reuters Institute ranks Newsmax as one of the top U.S. news brands, and Forbes has called it “a news powerhouse.”
For more information about Newsmax, visit https://ir.newsmax.com/overview/default.aspx.