Aug. 24 at 2:59 PM
Noble Capital Markets Research Report: Newsmax (
$NMAX) – Higher-Margin Revenue Streams Lift Earnings Outlook
Record-Breaking Q2. The company reported its highest quarterly revenue of
$54.1 million, up a solid 16.5% YoY, and adj. EBTDA of
$5.7 million, both of which beat our estimates of
$52.5 million and a loss of
$0.675 million, respectively. Notably, the company generated its first profitable quarter as a public company, driven primarily by higher affiliate fees and licensing revenue.
Read full report here: https://www.channelchek.com/news-channel/newsmax-nmax-higher-margin-revenue-streams-lift-earnings-outlook
