Newsmax CEO Chris Ruddy took to the floor of the New York Stock Exchange to say the company's momentum since going public has been "remarkable."
He said that with major distribution deals, strong audience growth, and big plans for streaming and digital expansion, the company's outlook for growth was more robust than ever.
Ruddy told "NYSE Live" that Newsmax's strength is coming from across almost every business division of the company, in a live interview.
"We're seeing growth in almost every segment of the company," he said. "Cable TV, streaming, digital platform, print publications, Newsmax Plus service.
"Everything's up pretty much this year."
Ruddy recalled the "very memorable day" Newsmax went public last spring.
"It was such a high-energy day," he recalled. "We had all our friends and a lot of investors.
"The New York Stock Exchange is such a great institution, and we were now connected to that great institution in a very, very good way."
Newsmax began trading on the NYSE under the ticker symbol "NMAX" on March 31, 2025.
See More Information on Newsmax Shares
The listing followed a historic $75 million Regulation A+ IPO offering and pre-IPO raise of $225 million.
Newsmax was the first Regulation A+ company to go public directly on the Exchange's Big Board.
Since that debut, the network has inked a string of major distribution agreements — including a multiyear deal with Hulu + Live TV, which now brings the Newsmax channel into roughly 60 million U.S. households.
"Sixty million's the magic number," Ruddy said. "We're on par with Fox and CNN as a top-tier cable channel in terms of reach. And our ratings have been fantastic.
"We've been No. 4 in cable news, No. 5-10 overall in cable out of several hundred cable channels."
In addition to the Hulu partnership, Newsmax has signed a long-term carriage deal with Verizon Fios and struck a hotel distribution agreement that places the network in over 900 hotels and 300,000 rooms nationwide.
"We're doing even better than last year in terms of overall results," Ruddy said. "And I think it's going to be very strong."
Ruddy noted that, typically, the year after a presidential election is a "hangover" for media, which see declines in engagement and revenues.
Start Free Trial to Newsmax+ – Click Here to NewsmaxPlus.com
Not so for Newsmax. He said Newsmax will see growth this year despite cyclical headwinds.
Ruddy added the company sees three key areas of growth, beginning with its cable channel.
While the cable pay TV system is contracting, news and live sports will continue to thrive, making the channel profitable for a long time.
At the same time, Ruddy said the company is focused is seeing hypergrowth with its free streaming channel Newsmax2.
"The Newsmax 2 streaming channel has been growing double digits all this year," Ruddy said. "Viewership is way up.
"And we're expecting that to continue to grow … it's on every major platform — Roku, Samsung, Vizio, Pluto — we're there."
While traditional cable remains a vital business, Ruddy said the future will hinge on digital and on-demand content.
"We think there's a huge opportunity because streaming is growing," he said.
He also pointed to Newsmax+, the company's expanding subscription streaming platform, as a key area of focus.
Ruddy said this year Newsmax has been focused on adding significant content to its Plus service.
"We have documentaries, films … even movies, entertainment," he said, adding, "so we do news and entertainment on Newsmax+."
The company sees Newsmax+ as a family friendly news and entertainment channel, and no one is properly serving that market in the streaming services, Ruddy noted.
The "NYSE Live" host asked about the company's growing corporate structure, with the addition of Fubo CEO David Gandler to the board of directors. Disney and Fubo announced this week the closing of their deal merging Hulu + Live TV operations with Fubo.
"He's a top-notch, world-class entrepreneur and business guy," Ruddy said of Gandler. "He started Fubo from nothing ... he turned it into a public company.
"It's been supersuccessful."
Ruddy emphasized he foresees strong growth with Newsmax+ service, but also with Newsmax2, the streaming news channel.
"Cable is a great ecosystem, and I believe there's a tremendous amount of opportunity in the cable world for us as a news channel," he noted. "Even as it contracts, it'll be a very profitable marketplace, but we see streaming as the tremendous upside as we go forward."
See More Information on Newsmax Shares
Start Free Trial to Newsmax+ – Click Here to NewsmaxPlus.com
Forward-Looking Statements
This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to our ability to change the direction of Newsmax, our ability to keep pace with new technology and changing market needs, the competitive environment of our business changes in domestic and global general economic and macro-economic conditions and/or uncertainties and factors set forth in the sections entitled "Risk Factors" in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
© 2025 Newsmax. All rights reserved.