Newsmax (NYSE: NMAX), the conservative media company that promotes itself as an alternative to Fox (NASDAQ: FOX) News and ...

Data: SEC filings, NYSE; Chart: Axios Visuals Newsmax, a conservative media company that lost $55 million in the first half of 2024 on revenue of $80 million, was valued at $16.1 billion at market ...

Weak Financials, Lofty Valuation. Newsmax’s initial earnings report as a publicly-traded entity presents a mixed snapshot. In Q1 2025 (ending March), the firm reported $45.3 million in revenue ...

Newsmax (NYSE: NMAX) stock is getting hit with huge sell-offs in Monday's trading. The media company's share price was down 16.5% as of 3:30 p.m. ET. Newsmax's valuation is falling rapidly in the ...

Media Newsmax issues sweeping ‘clarification’ debunking its own coverage of election misinformation. Online and on the air, the network said it ‘would like to clarify its news coverage and ...

The MAGA cable channel Newsmax was briefly worth $30 billion this week before its share prices tumbled by 80 percent three days after its market debut. The company briefly had a market cap of $30 ...

Summary. Newsmax Inc. shares have surged 17x since its recent IPO, driven by a limited float and meme stock dynamics, not fundamentals. NMAX's $22 billion market cap is unjustifiable compared to ...

Investors in Newsmax (NMAX-1.08%) have quickly learned why initial public offerings (IPOs) ... More pressing for investors is the need to reconcile Newsmax's lofty valuation.

Smartmatic sued Newsmax for defamation over false claims related to the 2020 presidential election. ... Lawyers acknowledged a “$1 billion swing” in its proposed valuation.

That day-one bump gave Newsmax an enterprise value roughly in line with that of Fox Corporation, which owns the long-standing conservative network Fox News. Yet Fox generated $14bn of revenue in ...