Advertising Revenue was Newsmax’s largest product and service line in fiscal 2025, bringing in $104.28M of $169.00M (62%).
| Product and Service | FY 2024 | FY 2025 |
|---|---|---|
| Advertising Revenue | $89.38M | $104.28M |
| Affiliate Fee Revenue | $26.66M | $30.65M |
| Subscription Revenue | $26.91M | — |
| Subscription | $12.36M | $14.86M |
| Product Sales | $6.01M | $7.25M |
| Supplement Sales | $4.81M | $4.61M |
| Other | $2.31M | $3.55M |
| Books, Media & Other Product Sales | $1.65M | $3.50M |
| Shipping & Handling | $300.00K | $300.00K |
| Total | $170.38M | $169.00M |
Newsmax brought in $169.00M from its eight product and service lines in fiscal 2025, the year ended December 31, 2025. Newsmax regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $170.38M. Advertising Revenue was the largest at $104.28M (61.7%), ahead of Affiliate Fee Revenue at $30.65M (18.1%) and Subscription at $14.86M (8.8%). The other five lines brought in $19.21M combined.
Compared with fiscal 2024, Books, Media & Other Product Sales grew fastest, up 112.5% to $3.50M, while Supplement Sales fell the most, down 4.3% to $4.61M.
Newsmax stopped reporting Subscription Revenue as a separate line after fiscal 2024, when it brought in $26.91M.
Broadcasting was Newsmax’s largest segment in fiscal 2025, bringing in $104.28M of $120.29M (87%).
| Segment | FY 2024 | FY 2025 |
|---|---|---|
| Broadcasting | $89.38M | $104.28M |
| Digital | $19.75M | $16.01M |
| Total | $109.13M | $120.29M |
Newsmax brought in $120.29M from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $169.00M it reports by product and service, so these segments do not cover all of its revenue. Broadcasting was the largest at $104.28M (86.7%), ahead of Digital at $16.01M (13.3%).
Compared with fiscal 2024, Broadcasting grew 16.7% to $104.28M, while Digital fell 19.0% to $16.01M.
Newsmax (NMAX) reports its revenue by product and service and by segment. In fiscal 2025, Advertising Revenue was its largest product and service line, bringing in $104.28M (61.7% of the total), followed by Affiliate Fee Revenue at $30.65M (18.1%).
Advertising Revenue was Newsmax's largest product and service line in fiscal 2025, bringing in $104.28M, or 61.7% of the $169.00M total across its eight product and service lines.
Broadcasting was Newsmax's largest segment in fiscal 2025, bringing in $104.28M, or 86.7% of the $120.29M total across its two segments.
Broadcasting grew faster than Digital in fiscal 2025, up 16.7% from $89.38M to $104.28M. Digital fell 19.0% to $16.01M.
Every figure comes from Newsmax's annual financial filings, as reported. Each line keeps the name Newsmax gives it, and years follow its fiscal calendar.
Newsmax's revenue by product and service goes back to fiscal 2024, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.