Newsmax (NMAX) stock jumps 19% after Q2 earnings unexpectedly turn profitable and revenue grows 16.5%
Newsmax (NMAX) shares rose 19% in Friday's trading, reaching $0.03 per share earnings against an estimated loss of $0.03. The company's revenue increased 16.5% year-over-year to $54.1 million, surpassing analyst targets. Broadcast revenues climbed 20.5% to $45.8 million, and total audience reach grew 4% to 26.9 million viewers. Newsmax also reiterated its full-year sales guidance of $212 million to $216 million, expecting approximately $16 million in international licensing fees this year.
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