Newsmax grows revenue to $45.3 million in Q1
Newsmax grew its overall revenue spurred by gains in its subscription and advertising businesses, which helped lower its operating loss during Q1.
The latest reports on media and tech’s first quarter (Q1) financial earnings. The Q1 reporting period runs from mid-April to late May 2025.
Newsmax grew its overall revenue spurred by gains in its subscription and advertising businesses, which helped lower its operating loss during Q1.
The Super Bowl on the Fox broadcast network and Tubi resulted in an advertising windfall, but net income was lower compared to Q3 2024.
On a conference call with investors, CEO Adam Symson said the company is awaiting federal media deregulation and expects to benefit from “swaps and select asset sales.”
Echostar saw lower pay TV churn during Q1, even as customers continued to cut the cord; the company has expressed a willingness to partner with other companies to boost its wireless reach and revenue.
Paramount saw its streaming revenue jump 9 percent as the company added more direct-to-consumer subscribers during the first quarter of 2025.
TEGNA reported lower overall revenue for the first three months (Q1) of the year, driven primarily by lower political advertising spend and a loss of the Super Bowl to Fox.
Nexstar saw its overall revenue decrease, largely due to a decline in advertising revenue that was spurred by a political windfall last year.
The company generated $776 million from distribution and advertising, down 3 percent.
The company is finalizing its spin-off of GCI Communications this summer, one of its contingencies rooted in Liberty Broadband’s acquisition by Charter.
Disney surprised Wall Street with higher revenue on stronger direct-to-consumer earnings, box office ticket sales and higher interest in sports.
The continued lack of Warner Bros-owned channels, coupled with the loss of Televisa-Univision networks, convinced sports fans to look elsewhere.
The company’s long-term service revenue may be impacted from the looming threat of tariffs coupled with an unfavorable court decision over commissions from in-app purchases.