00:00It's Benzinga bringing Wall Street to Main Street.
00:02Newsmax reported third-quarter revenue of $45.27 million, beating expectations and rising
00:094 percent year-over-year, according to Benzinga. Broadcast revenue increased 10.1 percent year-over-year
00:15to $36.6 million, while advertising declined by 1.6 percent. Hurt by the comparison of the 2024
00:23presidential election in the prior year period, the company posted a smaller-than-expected
00:28three-cent loss per share and drew more than 28 million viewers, ranking as the fourth highest
00:34rated cable news channel. Newsmax expanded distribution through a new hospitality
00:39agreement covering over 900 hotels and ended the quarter with $130.4 million in cash.
00:46Guidance remained at $180 million to $190 million for the fiscal year,
00:52and the company began its plan to buy up to $5 million in Bitcoin and Trumpcoin.
00:56For all things money, visit Benzinga.com.
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