ASML & NextMinds Celebrate Youth Inventiveness With Wilton Day of Innovation
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Media News
3 min read • Published August 20, 2025
By
Media News
3 min read • Published August 20, 2025
Event spotlights student awardees and marks $775K multi-year grant to expand innovation education across New England
WILTON, CT / ACCESS Newswire / August 20, 2025 / In a celebration of creativity, problem-solving, and community partnership, ASML and NextMinds (formerly the Connecticut Invention Convention) came together on August 19 for the inaugural Day of Innovation at ASML Wilton. The event honored the student winners of the 2025 ASML Innovation Awards and marked the announcement of an exciting, multi-year partnership between ASML and NextMinds to expand innovation education in Connecticut and beyond.
The Day of Innovation brought students, educators, community leaders, and ASML employees together for an immersive experience in hands-on learning and inventive thinking. Attendees met engineers and industry leaders, and participated in workshops designed to spark curiosity and encourage the next generation of innovators.
"Early interventions in STEM and innovation are critical to guiding students toward high-impact careers and lives," said Toren Kutnick, Chairman of the Board of NextMinds. "ASML has been a critical partner for years, and is doubling down on its commitment to youth innovation by expanding opportunities for students across the region, especially in overlooked communities."
ASML, a semiconductor equipment manufacturer that employs more than 3,000 people in Wilton, CT, supports numerous initiatives that aim to share its enthusiasm for and expertise in technology to inspire future generations.
"As a parent of a CIC inventor, I am proud to see ASML supporting youth in its communities as they solve real-world problems with real-world solutions," said Michael O’Connor, Head of Program Management at ASML Wilton. "We’re relying on today’s students to be the problem-solvers of tomorrow, and organizations like NextMinds help prepare them by teaching how to identify and address the challenges of today."
The event honored past recipients of ASML’s Innovation Awards, selected by a global team of volunteer judges:
Rhea Doshi (NeuroStride): A machine learning-powered gait analysis system for early detection of neurocognitive decline with 95% accuracy.[VIDEO]
Finley Graves (Head Helper): An all-in-one product to help reduce the effects of light and noise for concussion patients to mitigate learning difficulties. [VIDEO]
Snigtha Moharanj (Bio-Filter): A low-cost, eco-friendly household system that uses layers of sand, biochar, and a specialized sponge to remove large debris, chemicals, microplastics, and oils from water.
Alisha Panchal (Smart Shoe Attachment (S.S.A.) ): A rigid attachment that provides a secure grip on icy surfaces to help prevent slips, falls, and injuries in winter. [VIDEO]
Ruhani Samajder (RainAway): A rain-activated retractable shade system that protects outdoor seating without manual effort. [VIDEO]
Mihin Witharana (SmartTrash): An AI-powered waste-sorting bin that automatically separates trash, compost, and recycling. [VIDEO]
A Growing Partnership with Deep Community Roots, ASML and NextMinds association goes back nearly a decade, with ASML serving as a critical source of mentors and volunteers to advance community programs. In 2025, ASML was one of the largest contributors of volunteers to CIC, providing mentorship, technical expertise, and inspiration to student inventors.
ASML announced NextMinds as the recipient of a $775,000 multi-year grant from the company.ASML’s three-year partnership will help NextMinds expand innovation education across New England, add program modalities for specialized learners, and foster outreach. NextMinds anticipates that the grant will benefit an estimated 30,000 students over the three-year partnership. As each inventor who goes through the program has, on average, three people supporting them in their work, the impact will be felt by as many as 90,000 additional community members.
ABOUT NEXTMINDS
Founded 42 years ago, the Connecticut Invention Convention – now NextMinds – is a nonprofit dedicated to fostering innovation education. www.nextminds.org.
ABOUT ASML
ASML is an innovation leader in the semiconductors industry, providing chipmakers with everything they need – hardware, software, and services – to mass produce patterns on silicon through lithography. https://www.asml.com/en
Saswat Panda Sees Community-Led Conservation as the Future of Environmental Protection
By
Media News
6 min read • Published August 20, 2025
By
Media News
6 min read • Published August 20, 2025
Community-Led Conservation: A Nature Photographer’s Vision for a Sustainable Future
ATLANTA, GA / ACCESS Newswire / August 20, 2025 / In an era where environmental challenges loom large, a new narrative is emerging, one that champions the power of collective action and local wisdom. At the forefront of this movement is Saswat Panda, an acclaimed nature photographer whose lenses not only capture the ethereal beauty of the natural world but also frame a compelling vision for its future: community-led conservation. With a distinguished career rooted in environmental science and honed through years of artistic exploration, Panda believes that true environmental protection blossoms from the grassroots, nurtured by the very communities that live intertwined with the land.
Panda, an award-winning nature photographer based in Atlanta, Georgia, is celebrated for his ability to unearth and immortalize the subtle beauty of wildlife and wild landscapes spanning North America and beyond. His journey is a testament to the seamless fusion of scientific inquiry and artistic expression. A background in environmental science underpins his photographic pursuits, allowing him to approach his subjects with an informed understanding of ecological processes and challenges. His work has graced the pages of prestigious publications such as National Geographic, Outdoor Photographer, and the Smithsonian Magazine, a testament to his unique perspective and undeniable talent.
From Appalachian Foothills to National Acclaim
Saswat’s deep-seated connection to nature was forged in his formative years, growing up near the majestic Appalachian foothills. This proximity to the rhythms of the natural world ignited an early and enduring fascination. His academic path naturally gravitated towards environmental stewardship, culminating in a degree in Environmental Studies from the University of Georgia. Following his academic pursuits, Panda dedicated several years to working with conservation nonprofits, gaining invaluable firsthand experience in the intricate world of environmental advocacy and protection. This period laid a crucial foundation for his later transition to full-time photography, providing him with a nuanced understanding of the very issues he now seeks to highlight through his art.
His early photographic endeavors, primarily centered on the mystifying Okefenokee Swamp and the enchanting Georgia coast, swiftly garnered regional acclaim. These evocative images, rich in their portrayal of these unique ecosystems, propelled him into a series of national photography residencies. These residencies allowed him to expand his artistic horizons and capture the diverse landscapes of Alaska, the rugged Pacific Northwest, and the stark beauty of the Sonoran Desert, further broadening his portfolio and refining his signature style.
Capturing Stories of Ecological Awareness
Saswat’s photographs are characterized by their quiet intensity, often drawing attention to species that are overlooked, ecosystems undergoing profound change, and the inherent tension that exists between human presence and wild spaces. Whether he is capturing the elusive red wolves at dawn, their forms silhouetted against the nascent light, or witnessing a dramatic thunderstorm breaking over the ancient peaks of the Great Smoky Mountains, Panda’s objective remains consistent: to craft visual narratives that ignite ecological awareness and cultivate a profound emotional connection in the viewer. He aims to transcend mere documentation, instead striving to evoke a sense of wonder and responsibility towards the natural world.
Beyond the lens, Saswat Panda is a passionate advocate for environmental education and community engagement. He actively leads seasonal photo workshops, sharing his expertise and inspiring a new generation of nature photographers and conservationists. His collaborative efforts with various environmental organizations underscore his commitment to practical conservation initiatives. Furthermore, he maintains a robust social media presence, offering his followers a fascinating glimpse into the demanding yet rewarding world of his fieldwork, sharing behind-the-scenes insights that humanize his artistic and conservation efforts.
"Still Wild": A New Chapter in Storytelling
Currently, Panda is immersed in a significant project: his first photo book, aptly titled "Still Wild." This forthcoming publication promises to be a poignant exploration of the endangered spaces nestled within the American South, a region close to his heart and central to his early artistic explorations. Through "Still Wild," Saswat aims to shine a spotlight on these vulnerable landscapes, urging readers to recognize their intrinsic value and the urgent need for their preservation.
The Power of Community-Led Conservation
Saswat Panda’s fervent belief in community-led conservation stems from a pragmatic understanding of environmental challenges. He argues that top-down approaches, while sometimes necessary, often fall short without the sustained engagement and intrinsic knowledge of local communities. These communities, he contends, are the true custodians of their immediate environments, possessing generations of wisdom about local ecosystems, weather patterns, and the subtle shifts in biodiversity. When empowered, these communities can become the most effective agents of change, implementing sustainable practices that are tailored to their unique circumstances and needs.
He envisions a future where conservation initiatives are not dictated but rather co-created, fostering a sense of ownership and responsibility among local inhabitants. This collaborative model, he believes, leads to more resilient and enduring conservation outcomes. For instance, he points to examples where indigenous communities have successfully managed forest resources for centuries, employing traditional ecological knowledge that far surpasses modern scientific understanding in certain contexts. These successes, he asserts, are not anomalies but blueprints for a more inclusive and effective conservation paradigm.
Panda emphasizes that community-led conservation also acts as a vital bridge between environmental protection and social justice. Many communities most impacted by environmental degradation are also those with the fewest resources and the least political voice. By empowering these communities to lead conservation efforts, they gain agency over their own environments and livelihoods, leading to more equitable and sustainable development. This approach acknowledges that human well-being and environmental health are inextricably linked, and one cannot thrive without the other.
Inspiring Action Through Visual Narratives
In his workshops and public speaking engagements, Saswat frequently shares stories of successful community-led initiatives he has witnessed during his extensive travels. He speaks with genuine admiration for local groups who have revitalized degraded wetlands, protected endangered species through localized monitoring programs, and established sustainable agricultural practices that benefit both people and nature. These anecdotes serve as powerful affirmations of his conviction, illustrating the tangible impact of grassroots action.
Ultimately, Saswat Panda’s work, both through his compelling photography and his vocal advocacy, serves as a powerful call to action. He challenges the conventional wisdom that environmental protection is solely the domain of scientists and policymakers, instead asserting that it is a collective responsibility, a shared endeavor that requires the active participation of every individual and community. His vision for community-led conservation is not merely an idealistic aspiration; it is a practical, equitable, and ultimately hopeful path forward for the future of environmental protection, reminding us that the deepest connections to the wild are often found within our own communities and the landscapes we call home.
About Swasta Panda
Saswat Panda is an award-winning nature photographer and environmental advocate from Atlanta, Georgia. He blends environmental science with artistic expression to capture wildlife and wild landscapes. His work, featured in National Geographic, emphasizes community-led conservation and inspires ecological awareness.
Seasoned Media Executives Launch IgniteIt Inc., a New Media and Events Powerhouse Formerly Operated as Benzinga Cannabis
By
Media News
4 min read • Published August 20, 2025
By
Media News
4 min read • Published August 20, 2025
Led by former Benzinga executives, IgniteIt will serve as a dedicated platform for the cannabis industry to connect, grow, and build.
DETROIT, MI / ACCESS Newswire / August 20, 2025 / Today, IgniteIt Inc. (IgniteIt) announced that the cannabis industry’s premier business conference and media platform, formerly operated by Benzinga Cannabis, is entering a new chapter, separate and not affiliated with Benzinga. Led by former Benzinga executives, IgniteIt will serve as a dedicated platform for the cannabis industry to connect, grow, and build.
IgniteIt’s mission will be divided into these core areas:
Capturing the Moment: Delivering editorial coverage that pinpoints the news, advocacy, and thought leadership shaping the momentum of cannabis and other emerging industries.
Where Deals Get Done: Hosting live events that connect attendees with the industry’s most influential decision-makers, unlocking unmatched opportunities for growth and partnership.
Strategic Insight & Advocacy: Designing conference agendas that spotlight the most critical topics and opportunities, led by voices at the forefront of industry innovation.
Exclusive Access, Open Doors: Curating audiences of top executives and growth leaders while ensuring our events remain welcoming and accessible to all who seek to advance the industry
"Fifteen years ago, I started Benzinga with a mission to empower investors with better information," said Jason Raznick, Chairman of IgniteIt. "Now, with IgniteIt, I’m thrilled to help build something new again – this time with a laser focus on emerging industries like cannabis. We’ve assembled a team that knows how to create experiences that truly impact the outcome for our attendees, and I couldn’t be more excited for what’s ahead."
IgniteIt now owns:
The Cannabis Capital Conference, the premier investor and business gathering in the industry, with a track record of more than 20 successful events.
The Cannabis Market Spotlight series, with three events planned through the end of 2025.
The Cannabis Daily newsletter and the full archive of editorial content.
An expansive library of cannabis-related insights, interviews, and reporting.
"IgniteIt is built on a proven foundation," said Patrick Lane, CEO of IgniteIt. "We’ve spent years cultivating relationships, trust, and impact in the cannabis space. With this new chapter, we’re doubling down on storytelling, advocacy, and high-quality business events that accelerate opportunity in cannabis and beyond."
The founding team behind IgniteIt includes some of the most influential figures in cannabis media and events:
Jason Raznick, Founder of Benzinga, will serve as Chairman of IgniteIt.
Patrick Lane, formerly EVP of Sales at Benzinga and creator of the Cannabis Capital Conference, will serve as CEO.
Elliot Lane, formerly SVP & Head of Benzinga Cannabis, has been appointed President & Chief Revenue Officer.
Javier Hasse, former Managing Director of Benzinga Cannabis and current Editor-in-Chief of High Times, CEO of El Planteo and Senior Contributor at Forbes, joins as Co-Founder.
"We’ve watched companies go from newly licensed startups to market leaders, and many of those inflection points happened at our events," said Elliot Lane, President & CRO of IgniteIt. "The Cannabis Capital Conference and our Market Spotlight events have become essential platforms for companies to meet investors, form partnerships, and accelerate their growth. That’s the power of curated, high-impact networking; and it’s what IgniteIt is built to deliver."
IgniteIt’s editorial mission will focus on nascent and fast-evolving industries, beginning with cannabis, offering in-depth reporting, op-eds from trusted voices, business trend analysis, and advocacy-driven content designed to empower industry leaders, entrepreneurs, and investors alike.
"For almost a decade, we’ve built credibility in this space," added Javier Hasse. "With IgniteIt, we’re bringing together journalism and events to help build an industry that’s ethical, inclusive and built to last. Strong reporting and smart convening create real opportunity. For jobs, tax revenue, innovation and a culture that brings good to the world."
IgniteIt’s upcoming events will continue to serve as critical convening grounds for executives, investors, and policymakers shaping the future of cannabis and similar high-growth industries.
To learn more about IgniteIt or request interviews, please contact:
IgniteIt is a media and events company focused on cannabis and emerging industries. Founded by the team behind BZ Cannabis, IgniteIt produces award-winning editorial content and world-class business conferences, including the Cannabis Capital Conference and the Cannabis Market Spotlight series. Igniteit Inc. is a separate entity and is in no way affiliated with Benzinga.
Rick Saleeby Urges Storytellers to Look Beyond the Scoreboard
By
Media News
2 min read • Published August 20, 2025
By
Media News
2 min read • Published August 20, 2025
Award-Winning Journalist Calls for a Shift Toward Human-Centered Sports Reporting
NEW YORK, NY / ACCESS Newswire / August 20, 2025 / Emmy-nominated and Edward R. Murrow Award-winning journalist Rick Saleeby is using his latest feature interview to call attention to what he sees as a missing piece in modern sports coverage: the human story.
"For me, the game itself isn’t always the story-it’s the people, the tension, the stakes," Saleeby said in the Q&A. "I once covered a high school game where the star pitcher’s father had just come home from overseas military service. The look they shared after the final out-that’s what stuck. That’s what mattered."
According to a 2024 Pew Research Center study, 65% of sports fans say they want more behind-the-scenes and personal-interest stories, yet only 27% feel that sports media delivers them regularly. Saleeby believes journalists and content creators can help close that gap by listening first and looking deeper.
"Don’t just learn how to tell a story-learn why you’re telling it," he emphasized. "If you understand that, the words and the format fall into place."
His advice isn’t just for professional journalists. He says anyone-whether sharing stories on social media, writing for a community paper, or even talking to friends-can make an impact by paying attention to the details that reveal character and humanity.
Call to Action
Saleeby encourages storytellers at every level to:
Ask better questions – go beyond the surface.
Focus on trust – earn it before you expect honesty.
Embrace risk – try new ways of telling stories, even if they fail.
"Stories have the power to connect people who may never meet," he said. "That’s worth chasing every time."
For those who want to explore the full conversation with Rick Saleeby, visit the website here.
About Rick Saleeby
Rick Saleeby is an Emmy-nominated and Edward R. Murrow Award-winning writer and senior producer with more than two decades of experience in sports and broadcast journalism. A Long Island, New York native and graduate of St. John’s University, Saleeby has covered events from small-town championships to major league playoffs, always seeking the human stories behind the action. His work is known for its attention to detail, emotional depth, and ability to connect audiences to the heart of the moment.
TV Series ‘Trending Today’ Wins Three Telly Awards for Excellence in Business Storytelling
By
Media News
3 min read • Published August 20, 2025
By
Media News
3 min read • Published August 20, 2025
The premier show for spotlighting dynamic companies and thought leaders receives recognition from the 46th annual competition for the best video content across all platforms.
LOS ANGELES, CA / ACCESS Newswire / August 20, 2025 / Trending Today, the acclaimed TV series airing on Fox Business, Bloomberg, and A&E, has won three 2025 Telly Awards for "excellence in business storytelling," reasserting the long-running show’s reputation for top-quality branded content production.
Trending Today explores and examines global innovation across diverse sectors, including technology, business and development, health and wellness, and luxury lifestyles. The show captures the essence of success with its meticulously vetted deep dives into the journeys of trailblazing entrepreneurs and dynamic businesses.
Since 1979, the Telly Awards have showcased the best work in television and video for all screens. Receiving more than 13,000 entries worldwide, from six continents and all 50 states, winners include work from some of the most respected advertising agencies, television stations, production companies, and publishers from around the world. The Telly Awards also recognize work that has been created on behalf of a client, for a specific brand and/or company, or self-directed as a creative endeavor.
"We’re honored to be recognized by the Telly Awards for our storytelling, which highlights entrepreneurship, innovation, and leadership across a wide range of industries," said Liz Plummer, executive producer of Trending Today.
"For more than a decade, our team has been committed to spotlighting the voices and visions shaping our world. This recognition is a testament to the passion and dedication of our entire team. We look forward to continuing our mission of sharing impactful stories from across the globe," Plummer said.
All work entered to The Telly Awards is reviewed by the Telly Awards Judging Council, a diverse judging body of more than 250 executives from television networks, production companies, global agencies, immersive content studios, and streaming platforms around the world.
At this year’s awards, Trending Today was recognized as the:
Silver Winner in Business & Entrepreneurship
Silver Winner in Branded Content
Bronze Winner in Branding
For the last 13 years, Trending Today has told stories of how businesses were built from Main Street to Wall Street, from global titans like Samsung, RE/MAX, Taser/Axon, Firestone and Tommy Bahama, to up-and-coming powerhouses like LegalEASE, TurboTenant, A Finer Touch Construction, Vivid Seats and SYNT Travel.
In addition to multiple Telly Awards, Trending Today also has been recognized by Los Angeles Film Awards, Vegas Television and Movie Awards, and the Lonely Wolf Film Festival.
About Trending Today Trending Today, the acclaimed television series airing on A&E, Bloomberg, and Fox Business, captures the entrepreneurial ambition that drives innovation around the world. Each episode highlights the latest technologies, market trends, and groundbreaking ideas through a thoughtfully selected lineup of inventors, innovators, and thought leaders. Crossing a wide range of industries, including consumer products, luxury lifestyles, health, and technology, Trending Today features companies and people who are pushing boundaries and redefining excellence. To learn more, visit www.trendingtoday.com.
RAADR App Co-Founder Larry “Bone Collector” Williams to Spearhead Brand Ambassador Push for Anti-Bullying Initiatives
By
Media News
2 min read • Published August 20, 2025
By
Media News
2 min read • Published August 20, 2025
Basketball legend and viral influencer joins forces with RAADR CEO Jacob DiMartino to expand nationwide anti-bullying campaigns and cyber safety awareness
PHOENIX, AZ / ACCESS Newswire / August 20, 2025 / Signature Apps, (OTC:NGCG) the developer of the RAADR App, an innovative platform focused on protecting children from bullying, cyberbullying, and online threats, announced today that Co-Founder Larry "Bone Collector" Williams will lead a major nationwide initiative to recruit new brand ambassadors for the company’s anti-bullying campaigns.
Williams will focus on bringing high-profile social media influencers, professional athletes, and celebrities onto the RAADR team to amplify the app’s mission and expand awareness of anti-bullying and cyber safety programs across the United States.
"We are going to be working very hard and diligently with Bone Collector to bring on the right ambassadors to push our message," said Jacob DiMartino, CEO of RAADR. "Our goal is to take our platform and message all the way to Washington, D.C., and work with President Trump on passing new initiatives and reforms focused on cyberbullying and cyber security-protecting our youth from campus violence and suicide."
About Larry "Bone Collector" Williams
Larry "Bone Collector" Williams is a globally recognized streetball icon, professional basketball trainer, and viral content creator with a combined social media following of over 2.3 million fans:
Instagram: 1.2M+
TikTok: 500K+
Facebook: 400K+
YouTube: 400K+
Best known for his jaw-dropping ball-handling skills and "ankle-breaking" moves, Williams rose to fame on ESPN’s AND1 Mixtape Tour, where he earned recognition as the "Most Dangerous Streetball Player in the World" by SLAM Magazine and received ESPN’s prestigious Streetball Legend Award.
As a trainer, Williams has worked with top NBA athletes and celebrities, including James Harden, Nate Robinson, and Ron Artest, and has served as an on-court coach and consultant for multiple ESPN productions.
About RAADR
RAADR, Inc. is a technology company committed to protecting children from bullying, cyberbullying, and online dangers through its RAADR App, which empowers parents, guardians, and schools with tools to monitor, detect, and prevent harmful online behavior. The app leverages artificial intelligence and real-time monitoring to promote safety, accountability, and awareness in digital spaces.
IPOMarket.com Announces Joint Venture with Fintech.TV, theCUBE, and New to The Street to Deliver Unprecedented Distribution for Pre- and Post-IPO Companies
By
Media News
4 min read • Published August 20, 2025
By
Media News
4 min read • Published August 20, 2025
NEW YORK CITY, NY / ACCESS Newswire / August 20, 2025 / IPOMarket.com, the next-generation platform for IPO media, investor engagement, and capital markets storytelling, today announced a landmark joint venture with Fintech.TV, theCUBE, and New to The Street. This partnership creates the most expansive and integrated global media network designed to amplify visibility for pre- and post-IPO companies. The collaboration combines national broadcast reach, digital authority, and direct access to Wall Street and global capital markets. Adding to this powerful alliance, John Furrier, cofounder of the influential tech media platform SiliconANGLE Media and theCUBE, joins as a strategic media partner-bringing enterprise reach, Silicon Valley access, and world-class credibility.
"Our mission is to redefine how IPO and growth-stage companies engage investors, analysts, and the public," said Stephen Simon, President of IPOMarket.com. "By joining forces with Fintech.TV, theCUBE, and New to The Street, we’re offering unmatched visibility-from the stock exchange floors to boardrooms and investor inboxes worldwide."
Vince Caruso, Founder and CEO of New to The Street, added: "With our weekly broadcasts on Fox Business and Bloomberg, over 3.2 million YouTube subscribers, Fintech.TV’s NYSE Floor Studio presence, and our acquisition of large investor email databases, we will deliver results at a scale far beyond traditional IR and PR firms-100x the impact in both scope and outcomes."
Vince Molinari, CEO of Fintech.TV, commented: "This partnership is a game-changer. We’re not just creating visibility-we’re building the future of financial storytelling. Our global studio presence ensures companies have direct access to the world’s capital markets audience with transparency, trust, and impact."
Troy McGuire, Managing Director at Fintech.TV, said: "Great content opens doors, but great distribution changes the game. This partnership fuses storytelling expertise with unparalleled reach, creating the world’s most influential media stage for visionary companies to be discovered-and remembered."
In a major expansion of visual media exposure, Accel Media International (AMI) will contribute its full billboard inventory and rotational schedule-including placements across New York City, Las Vegas, and the top 10 U.S. markets. This ensures coast-to-coast visibility in high-traffic locations, from Times Square to the Las Vegas Strip. Through IPOMarket.com, participating companies gain access to:
Long-form interviews
National broadcasts on Fox Business and Bloomberg
YouTube distribution to 3.2M+ subscribers
Fintech.TV NYSE Floor Studio content
theCUBE’s NYSE and Palo Alto Studio content
Times Square and national billboard rotations via Accel Media International
Earned media across major networks
Targeted investor syndication and email marketing
IPOMarket.com delivers a unified media engine for IPO-stage companies looking to accelerate trust, visibility, and investor momentum.
IPOMarket.com is a media-driven capital markets platform built to empower pre- and post-IPO companies with unmatched investor visibility. Through a combination of national TV, digital distribution, earned media, and outdoor exposure, IPOMarket.com delivers a complete storytelling engine to help companies succeed before, during, and after going public. Learn more at www.IPOMarket.com.
About New to The Street New to The Street is one of America’s longest-running business television brands, broadcasting weekly sponsored programming across Fox Business and Bloomberg TV for more than 16 years. With 3.2M+ YouTube subscribers and 500,000+ social media followers, the platform amplifies CEO interviews, investor messaging, and corporate profiles through a blend of national TV, earned media, and Times Square billboard dominance. Learn more at www.NewToTheStreet.com.
About Fintech.TV Fintech.TV is a global media platform covering innovation, sustainability, and financial markets. With studio hubs at the NYSE, Abu Dhabi Global Market, and across Asia, Fintech.TV delivers daily content to institutional and retail audiences, blending capital markets insight with ESG and technology innovation. Learn more at www.Fintech.TV.
About Accel Media International Accel Media International (AMI) is a leading multimedia and outdoor advertising firm specializing in financial, luxury, and lifestyle brand amplification. AMI manages premium billboard space in Times Square, the Las Vegas Strip, and other top U.S. cities, offering scalable national reach with elite placement. As a strategic partner in this joint venture, AMI provides unmatched outdoor visibility for growth-stage companies seeking mass-market investor awareness.
About SiliconANGLE Media | theCUBE SiliconANGLE Media operates at the intersection of media, technology, and AI through SiliconANGLE.com, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI, and theCUBE SuperStudios. Founded by John Furrier and Dave Vellante, theCUBE broadcasts from its studio on the NYSE trading floor and from Silicon Valley, delivering live coverage at major tech events worldwide. SiliconANGLE reaches more than 15 million technology professionals and has interviewed over 11,000 C-suite and technical leaders.
Healthier Ways to Power Up for the School Year on TipsOnTV
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Media News
2 min read • Published August 19, 2025
By
Media News
2 min read • Published August 19, 2025
Top TV Nutritionist Frances Largeman-Roth Sets the Table with Healthier Snacks and Meals Made with Colorful Ingredients that Help Students Succeed
ATLANTA, GA / ACCESS Newswire / August 19, 2025 / Summer is winding down and kids are going back to school, which is why the perfect nutritionist shares some tips for eating healthier. Frances Largeman-Roth is a nutritionist and registered dietitian who is the bestselling author of numerous books, including Eating In Color, and her latest book, Everyday Snack Tray. Her premise is that eating colorful foods usually means a healthier menu. Frances offers some of her recipes and hacks for making sure the whole family is fueled for back to school.
A NUTRITION TIP FOR PARENTS
When it comes to back-to-school, we want kids ready to focus, learn, and play. Dairy milk, including lactose-free and chocolate milk, is the leading food source for 9 essential nutrients in children 2-18, including calcium, vitamin D, and complete protein. Drinking dairy milk is an easy way to help children get the critical nutrients they need at breakfast, lunch and an after-school snack to help them focus in the classroom, stay hydrated, and fuel their play. My tip? Chocolate milk! Kids love it and it also helps them get the nutrition and hydration they need! For more information, visit gonnaneedmilk.com
KEEPING THE FAMILY HEALTHY
Back-to-school is a great time to reset your family’s health routines. Culturelle® Kids Probiotics helps to support strong, healthy kids all school year long. A strong immune system starts in the gut, so adding a daily probiotic is a simple, science-backed way to help kids feel their best as they head into classrooms, lunchrooms, and after-school activities. These clinically-proven probiotics come in fun, kid-friendly forms like packets and gummies and they are made to support kids’ digestive and immune health. For more information, visit culturelle.com
BACK TO SCHOOL ROUTINE
To add a little extra love beyond the lunchbox, I like to carve out time to connect with my kids after school right at the table. I recently discovered HP’s free printable activities, called Bite Sized Lessons; they are for kids 5-10. They turn everyday moments like dinner into playful learning for the whole family without needing parents to have all the answers. Bite Sized Lessons were created by Highlights and Harvard learning expert Dr. Elizabeth Bonawitz. Each lesson is packed with open-ended prompts that fuel curiosity and invite meaningful conversation all while having fun with family. For more information, visit printables.hp.com/us/en/learning
TipsOnTV is a lifestyle blog featuring content as seen on national and local media outlets. Expert hosts share advice for viewers, listeners, and readers. TipsOnTV covers a variety of topics, including food, entertaining, personal finance, technology, travel, health, lifestyle, and more.
Newsmax Announces Second Quarter 2025 Financial Results
By
Media News
11 min read • Published August 19, 2025
By
Media News
11 min read • Published August 19, 2025
Company Reports Revenues of $46.4 million, an 18.4% Increase Year-Over-Year
Broadcast Revenues Soar to $38.0 Million, a 28.5% Increase Year-Over-Year
Newsmax Remains the Fourth Highest-Rated Cable News Channel With Over 26 Million Quarterly Viewers
BOCA RATON, FL / ACCESS Newswire / August 19, 2025 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced its financial results for the second quarter ended June 30, 2025.
Management Commentary
"We are excited to report another strong quarter with impressive financial and operational results that demonstrate the power of our growing cable and FAST channels," said Christopher Ruddy, Chief Executive Officer of Newsmax Inc. "Our second quarter revenue growth reflects the continued strength of our business model and the resonance of our content with American audiences."
Ruddy continued, "Our strong financial position, bolstered by our successful IPO and access to public markets, provides the strategic flexibility to capitalize on the significant opportunities in the evolving media landscape. We are building for sustainable, long-term growth while expanding our reach across multiple distribution channels and platforms."
"With our diversified revenue streams showing growth across affiliate fees, advertising, and subscription services, and supported by a strong balance sheet, we are well-positioned to capitalize on ongoing trends in streaming, international markets and multi-platform distribution. We remain committed to delivering long-term value for our shareholders as we execute on this strategy."
Dominion Resolution
On August 18, 2025, Newsmax announced that the Company reached a settlement agreement with Dominion Voting Systems, concluding a defamation lawsuit that Dominion filed in Delaware Superior Court in 2021.
"We are pleased to have reached a resolution with Dominion," commented Ruddy. "This settlement enables us to move forward from the litigation and remain focused on delivering the trusted news and analysis our viewers rely on every day. This was a strategic business decision made in the best interests of the company and its shareholders, and we remain confident in the integrity of our journalism and steadfast in our commitment to a free and vibrant press."
The resolution of the Dominion suit, which ends all litigation the Company faced relating to the 2020 election, is expected to significantly reduce Newsmax’s legal expenses for the foreseeable future.
Second Quarter 2025 Business and Operational Highlights
Newsmax continued to grow its domestic and global reach, expanding its footprint to over 60 million U.S. homes and to over 100 countries:
Extended multi-year carriage partnership with Fubo and launched Newsmax en Español on Fubo’s Latino plan, the first and only U.S.-based news channel to use advanced AI technology to dub its content into another language on a live basis.
Expanded distribution through pay TV Hulu+ achieving household penetration of approximately 60 million U.S. homes.
Formed strategic partnerships with Cellcom Israel, Telecom Armenia and Supercanal in the Dominican Republic.
Expanded Newsmax+ streaming availability across Comcast entertainment devices including Xfinity X1, Xfinity Flex, Xumo Stream Box and Xumo TV.
Secured multi-year contract renewal with veteran anchor Greta Van Susteren to continue leading prime-time programming with "The Record".
Grew social media following to 20 million followers and achieved over 16 million downloads of the free Newsmax App.
Appointed Ambassador Paula J. Dobriansky and former U.S. Secretary of Labor Alex Acosta to Board of Directors, bringing extensive government, regulatory and international affairs expertise.
Added to Russell 2000® and Russell 3000® indexes, providing increased visibility via the $10.6 trillion in institutional investor assets benchmarked against Russell’s U.S. indexes.
Second Quarter 2025 Financial Highlights
Newsmax reported total quarterly revenues of $46.4 million for the three-month period ended June 30, 2025, representing an 18.4% year-over-year increase.
Total Broadcasting revenues grew significantly year-over-year, increasing from $29.6 million in the second quarter of 2024 to $38.0 million for the second quarter of 2025 – an increase of 28.5%.
Advertising Revenues increased 26.2% year-over-year to $29.9 million driven by higher linear cable and satellite advertising due to higher Nielsen ratings which translated to higher rates.
Affiliate Revenues increased 7.3% year-over-year to $7.3 million driven by new contractual relationships as well as rate increases that went into effect in 2025.
Subscription Revenues increased 5.2% year-over-year to $7.0 million driven by an increase in Newsmax + subscribers.
Product Sales Revenues increased 5.1% year-over-year to $1.6 million driven by continued sales of "Pay Zero Taxes" but was offset by lower nutraceutical sales.
Newsmax reported a quarterly Net Loss of $(75.2) million as compared to a Net Loss of $(4.8) million reported in the prior year quarter primarily driven by the settlement of the Dominion lawsuit which was settled on August 18, 2025 but recognized in Q2 2025 in accordance with GAAP.
Quarterly Adjusted EBITDA was $(3.8) million, a decrease of $5.7 million, or 300.1%, from the amount reported in the same quarter last year, primarily due to an increase in cost of revenues and general and administrative costs associated with the continued expansion of the business and costs associated with becoming a public company (see reconciliation of net loss to adjusted EBITDA below).
The Company ended the quarter with $197.9 million in Cash and short-term investments. Cash and Cash Equivalents was $33.8 million and short-term investment was $164.1 million
Newsmax is reiterating its previously issued full-year 2025 revenue guidance of $180 million to $190 million.
"Our second quarter results demonstrate the strength and resilience of our diversified revenue model," commented Darryle Burnham, Chief Financial Officer. "The growth we’re seeing across our affiliate fees, advertising revenue and Newsmax+ subscriptions, combined with our strong balance sheet and access to capital markets, positions us well to execute on our long-term strategic vision while maintaining the operational flexibility needed to pursue emerging growth opportunities."
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."
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 changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares previously registered for resale, or other uncertainties and the 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 June 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.
USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURES
This press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). This financial measure is Adjusted EBITDA.
Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies.
Adjusted EBITDA1 is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation and amortization, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense.
1The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net income (loss) to adjusted EBITDA on page 13.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
June 30, 2025
December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents
$
33,842,039
$
24,052,887
Investments
164,052,830
58,310,955
Accounts receivable, net
29,553,260
28,265,721
Inventories, net
1,640,952
1,792,697
Prepaid expenses and other current assets
8,209,833
8,925,294
Total current assets
237,298,914
121,347,554
Property and equipment, net
6,187,097
6,225,617
Right of use asset, operating lease
5,431,334
7,191,606
Other assets
10,282,124
10,698,660
Security deposits
598,319
609,426
Total assets
$
259,797,788
$
146,072,863
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable
$
15,729,014
$
14,670,846
Accrued expenses
7,772,710
9,882,720
Accrued payroll
1,973,340
2,220,872
Accrued distribution
895,071
1,068,366
Deferred revenue
11,511,584
13,652,699
Lease liability, operating lease
3,555,150
3,894,102
Lease liability, finance lease
190,239
199,237
Settlement Liability
53,231,010
29,099,265
Warrant liability
–
6,499,821
Derivative liability
–
41,459,418
Total current liabilities
94,858,118
122,647,346
Long-term liabilities:
Deferred revenue, net of current portion
2,926,255
2,835,218
Lease liability, operating lease, net of current portion
2,494,520
4,049,256
Lease liability finance lease, net of current portion
33,933
129,930
Share repurchase liability
5,301,080
–
Other long-term liabilities
1,000,000
–
Settlement liability, net of current portion
46,330,986
25,477,941
Total liabilities
152,944,892
155,139,691
Commitments and contingencies (Note 11)
Convertible and redeemable preferred stock, $0.001 par value; 11,034 shares authorized; and 0 and 5,575 shares issued and outstanding as of June 30, 2025 and December 31, 2024
–
128,576,901
Stockholders’ equity (deficit)
Convertible and redeemable preferred stock, $0.001 par value; 60,000 shares authorized; and 0 and 27,612 shares issued and outstanding as of June 30, 2025 and December 31, 2024
–
86,742,045
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,768,339 shares issued and outstanding at June 30, 2025. Class A common stock, 0.001 par value; 20,000 Class A shares authorized; 68,127,538 Class A shares issued and outstanding at December 31, 2024; 60,000 Class B shares authorized; 0 Class B shares issued and outstanding at December 31, 2024 (1)
129,008
10
Treasury stock, 0 and 27,061,584 shares at cost, respectively
–
(14,622,222
)
Additional paid-in capital
426,631,367
18,056,702
Accumulated other comprehensive income (loss)
876,320
(52,849
)
Accumulated deficit
(320,783,799
)
(227,767,415
)
Total stockholders’ equity (deficit)
106,852,896
(137,643,729
)
Total liabilities, convertible and redeemable preferred stock and stockholders’ equity (deficit)
$
259,797,788
$
146,072,863
(1) On March 28, 2025, the Company announced a 6,765.396 for 1 stock split, effective March 31, 2025. This stock split is reflected retroactively in all periods presented for the common shares issued and outstanding.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)
For the three months ended
For the six months ended
June 30,
June 30,
2025
2024
2025
2024
Revenues:
Service revenue
$
44,884,207
$
37,746,093
$
88,619,548
$
76,909,470
Product revenue
1,555,537
1,480,639
3,121,904
2,916,907
Total revenues
46,439,744
39,226,732
91,741,452
79,826,377
Cost of services
27,758,685
21,073,281
52,407,148
41,576,599
Cost of products sold
1,039,298
1,431,756
2,230,404
2,623,036
Gross profit
17,641,761
16,721,695
37,103,900
35,626,742
General and administrative expenses:
Personnel costs
8,614,761
6,047,773
16,628,179
11,839,569
Advertising costs
5,941,417
3,852,379
10,359,871
8,344,979
Professional fees
4,766,085
1,132,068
7,390,549
2,470,818
Rent and utilities
1,540,453
1,472,394
2,990,244
2,969,458
Depreciation
734,590
820,044
1,471,465
1,625,093
Other corporate matters
68,437,098
5,838,233
78,104,701
59,074,353
Other
4,012,806
2,309,934
8,137,119
4,896,946
Total general and administrative expenses
94,047,210
21,472,825
125,082,128
91,221,216
Loss from operations
(76,405,449
)
(4,751,130
)
(87,978,228
)
(55,594,474
)
Other income (expense), net
Interest and dividend income
1,802,054
26,168
2,856,340
53,461
Interest expense
(7,456
)
(22,377
)
(13,511
)
(48,162
)
Unrealized (loss) gain on marketable securities
(500,736
)
(34,772
)
1,084,844
128,574
Other, net
(54,342
)
(28,461
)
(8,342,898
)
(31,686
)
Total other income (expense), net
1,239,520
(59,442
)
(4,415,225
)
102,187
Net loss before income taxes
(75,165,929
)
(4,810,572
)
(92,393,453
)
(55,492,287
)
Income tax expense
9,693
18,988
14,693
20,960
Net loss
$
(75,175,622
)
$
(4,829,560
)
$
(92,408,146
)
$
(55,513,247
)
Other comprehensive income:
Unrealized gain on available for sale debt investments, net of income tax
446,778
–
929,169
–
Comprehensive loss
$
(74,728,844
)
$
(4,829,560
)
$
(91,478,977
)
$
(55,513,247
)
Weighted average common stock outstanding, basic and diluted (1)
128,333,356
41,065,954
86,938,585
41,065,954
Net loss per share attributable to common stockholders, basic and diluted
$
(0.59
)
$
(0.15
)
$
(1.12
)
$
(1.42
)
(1) On March 28, 2025, the Company announced a 6,765.396 for 1 stock split, effective March 31, 2025. This stock split is reflected retroactively in all periods presented for the common shares issued and outstanding. See Note 1. Nature of Business.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024 (Unaudited)
2025
2024
Cash flows from operating activities:
Net loss
$
(92,408,146
)
$
(55,513,247
)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
3,089,126
3,153,473
Stock-based compensation
4,994,794
–
Change in fair value of warrant liability
1,824,179
6,373,757
Change in fair value of derivative liability
6,104,230
–
(Recovery of) provision for credit losses
(266,076
)
(458,695
)
Unrealized gain on marketable securities
(1,084,844
)
(128,574
)
Non-cash lease expense
1,788,532
1,706,637
Non-cash expense related to SEPA Agreement
500,000
–
Changes in operating assets and liabilities:
(Increase) decrease in assets:
Accounts receivable
(1,021,463
)
(545,163
)
Inventory
151,745
1,072,475
Prepaid expenses and other current assets
(1,226,532
)
(1,151,295
)
Other asset
(1,201,125
)
–
Security deposits
11,107
54,989
Increase (decrease) in liabilities:
Accounts payable
314,683
(1,918,363
)
Accrued expenses
(2,530,837
)
3,677,186
Lease liabilities
(1,921,948
)
(1,753,792
)
Settlement liability
44,984,790
40,000,000
Other long-term liabilities
1,000,000
–
Deferred revenue
(2,050,078
)
(1,996,968
)
Net cash used in operating activities
(38,947,863
)
(7,427,580
)
Cash flows from investing activities:
Purchase of investments
(131,727,862
)
–
Proceeds from maturity of investments
28,000,000
–
Sale of investments
–
314,185
Purchase of property and equipment
(689,460
)
(207,489
)
Net cash (used in) provided by investing activities
(104,417,322
)
106,696
Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net
80,742,222
8,025,738
Proceeds from issuance of common stock IPO, net
66,659,453
–
Proceeds from exercise of stock options
6,707,723
–
Proceeds from additional stock issuance
65,000
–
Payment of dividend
(915,067
)
–
Principal payment under finance lease obligation
(104,995
)
(90,102
)
Net cash provided by financing activities
153,154,337
7,935,636
Net change in cash
9,789,152
614,752
Cash and cash equivalents – beginning
24,052,887
6,037,211
Cash and cash equivalents – ending
$
33,842,039
$
6,651,963
Supplemental disclosures of cash flow information:
Operating lease assets obtained in exchange for operating lease liabilities
$
28,391
$
76,708
Allocation from equity to derivative liability for Series B Preferred Stock
$
–
$
2,358,376
Interest paid
$
1,829
$
19,968
Non-cash transactions:
Property and equipment acquired through accounts payable:
$
743,485
$
217,172
Non-cash financing activities:
Issuance of warrants in connection with the issuance of convertible stock
$
1,144,976
$
–
Common stock issuance costs reclassified from prepaid expenses
$
(1,798,989
)
$
–
IPO funds receivable in escrow
$
34,500
$
–
Proceeds from exercise of stock options in transit
$
38,320
$
–
NEWSMAX INC. AND SUBSIDIARIES ADJUSTED EBITDA RECONCILIATION (Unaudited)
For the three months ended June 30,
For the six months ended June 30,
2025
2024
2025
2024
Net loss
$
(75,175,622
)
$
(4,829,560
)
$
(92,408,146
)
$
(55,513,247
)
Add
Depreciation
734,590
820,044
1,471,465
1,625,093
Interest, net
(1,794,598
)
(3,791
)
(2,842,829
)
(5,299
)
Unrealized (gain) loss on marketable securities
500,736
34,772
(1,084,844
)
(128,574
)
Stock-based compensation
3,417,686
–
4,994,794
–
Other corporate matters
68,437,098
5,838,233
78,104,701
59,074,353
Other, net2
54,342
28,461
8,342,898
31,686
Income tax expense
9,693
18,988
14,693
20,960
Adjusted EBITDA3
$
(3,816,075
)
$
1,907,147
$
(3,407,268
)
$
5,104,972
2Comprised of miscellaneous items such as derivative adjustments, income tax credits, and unrealized gains on securities
3For a discussion of Adjusted EBITDA, see "Non-GAAP Financial Measures" above.
Newsmax Announces Second Quarter 2025 Financial Results
By
Media News
11 min read • Published August 19, 2025
By
Media News
11 min read • Published August 19, 2025
Company Reports Revenues of $46.4 million, an 18.4% Increase Year-Over-Year
Broadcast Revenues Soar to $38.0 Million, a 28.5% Increase Year-Over-Year
Newsmax Remains the Fourth Highest-Rated Cable News Channel With Over 26 Million Quarterly Viewers
BOCA RATON, FL / ACCESS Newswire / August 19, 2025 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced its financial results for the second quarter ended June 30, 2025.
Management Commentary
"We are excited to report another strong quarter with impressive financial and operational results that demonstrate the power of our growing cable and FAST channels," said Christopher Ruddy, Chief Executive Officer of Newsmax Inc. "Our second quarter revenue growth reflects the continued strength of our business model and the resonance of our content with American audiences."
Ruddy continued, "Our strong financial position, bolstered by our successful IPO and access to public markets, provides the strategic flexibility to capitalize on the significant opportunities in the evolving media landscape. We are building for sustainable, long-term growth while expanding our reach across multiple distribution channels and platforms."
"With our diversified revenue streams showing growth across affiliate fees, advertising, and subscription services, and supported by a strong balance sheet, we are well-positioned to capitalize on ongoing trends in streaming, international markets and multi-platform distribution. We remain committed to delivering long-term value for our shareholders as we execute on this strategy."
Dominion Resolution
On August 18, 2025, Newsmax announced that the Company reached a settlement agreement with Dominion Voting Systems, concluding a defamation lawsuit that Dominion filed in Delaware Superior Court in 2021.
"We are pleased to have reached a resolution with Dominion," commented Ruddy. "This settlement enables us to move forward from the litigation and remain focused on delivering the trusted news and analysis our viewers rely on every day. This was a strategic business decision made in the best interests of the company and its shareholders, and we remain confident in the integrity of our journalism and steadfast in our commitment to a free and vibrant press."
The resolution of the Dominion suit, which ends all litigation the Company faced relating to the 2020 election, is expected to significantly reduce Newsmax’s legal expenses for the foreseeable future.
Second Quarter 2025 Business and Operational Highlights
Newsmax continued to grow its domestic and global reach, expanding its footprint to over 60 million U.S. homes and to over 100 countries:
Extended multi-year carriage partnership with Fubo and launched Newsmax en Español on Fubo’s Latino plan, the first and only U.S.-based news channel to use advanced AI technology to dub its content into another language on a live basis.
Expanded distribution through pay TV Hulu+ achieving household penetration of approximately 60 million U.S. homes.
Formed strategic partnerships with Cellcom Israel, Telecom Armenia and Supercanal in the Dominican Republic.
Expanded Newsmax+ streaming availability across Comcast entertainment devices including Xfinity X1, Xfinity Flex, Xumo Stream Box and Xumo TV.
Secured multi-year contract renewal with veteran anchor Greta Van Susteren to continue leading prime-time programming with "The Record".
Grew social media following to 20 million followers and achieved over 16 million downloads of the free Newsmax App.
Appointed Ambassador Paula J. Dobriansky and former U.S. Secretary of Labor Alex Acosta to Board of Directors, bringing extensive government, regulatory and international affairs expertise.
Added to Russell 2000® and Russell 3000® indexes, providing increased visibility via the $10.6 trillion in institutional investor assets benchmarked against Russell’s U.S. indexes.
Second Quarter 2025 Financial Highlights
Newsmax reported total quarterly revenues of $46.4 million for the three-month period ended June 30, 2025, representing an 18.4% year-over-year increase.
Total Broadcasting revenues grew significantly year-over-year, increasing from $29.6 million in the second quarter of 2024 to $38.0 million for the second quarter of 2025 – an increase of 28.5%.
Advertising Revenues increased 26.2% year-over-year to $29.9 million driven by higher linear cable and satellite advertising due to higher Nielsen ratings which translated to higher rates.
Affiliate Revenues increased 7.3% year-over-year to $7.3 million driven by new contractual relationships as well as rate increases that went into effect in 2025.
Subscription Revenues increased 5.2% year-over-year to $7.0 million driven by an increase in Newsmax + subscribers.
Product Sales Revenues increased 5.1% year-over-year to $1.6 million driven by continued sales of "Pay Zero Taxes" but was offset by lower nutraceutical sales.
Newsmax reported a quarterly Net Loss of $(75.2) million as compared to a Net Loss of $(4.8) million reported in the prior year quarter primarily driven by the settlement of the Dominion lawsuit which was settled on August 18, 2025 but recognized in Q2 2025 in accordance with GAAP.
Quarterly Adjusted EBITDA was $(3.8) million, a decrease of $5.7 million, or 300.1%, from the amount reported in the same quarter last year, primarily due to an increase in cost of revenues and general and administrative costs associated with the continued expansion of the business and costs associated with becoming a public company (see reconciliation of net loss to adjusted EBITDA below).
The Company ended the quarter with $197.9 million in Cash and short-term investments. Cash and Cash Equivalents was $33.8 million and short-term investment was $164.1 million
Newsmax is reiterating its previously issued full-year 2025 revenue guidance of $180 million to $190 million.
"Our second quarter results demonstrate the strength and resilience of our diversified revenue model," commented Darryle Burnham, Chief Financial Officer. "The growth we’re seeing across our affiliate fees, advertising revenue and Newsmax+ subscriptions, combined with our strong balance sheet and access to capital markets, positions us well to execute on our long-term strategic vision while maintaining the operational flexibility needed to pursue emerging growth opportunities."
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."
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 changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares previously registered for resale, or other uncertainties and the 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 June 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.
USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURES
This press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). This financial measure is Adjusted EBITDA.
Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies.
Adjusted EBITDA1 is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation and amortization, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense.
1The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net income (loss) to adjusted EBITDA on page 13.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
June 30, 2025
December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents
$
33,842,039
$
24,052,887
Investments
164,052,830
58,310,955
Accounts receivable, net
29,553,260
28,265,721
Inventories, net
1,640,952
1,792,697
Prepaid expenses and other current assets
8,209,833
8,925,294
Total current assets
237,298,914
121,347,554
Property and equipment, net
6,187,097
6,225,617
Right of use asset, operating lease
5,431,334
7,191,606
Other assets
10,282,124
10,698,660
Security deposits
598,319
609,426
Total assets
$
259,797,788
$
146,072,863
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable
$
15,729,014
$
14,670,846
Accrued expenses
7,772,710
9,882,720
Accrued payroll
1,973,340
2,220,872
Accrued distribution
895,071
1,068,366
Deferred revenue
11,511,584
13,652,699
Lease liability, operating lease
3,555,150
3,894,102
Lease liability, finance lease
190,239
199,237
Settlement Liability
53,231,010
29,099,265
Warrant liability
–
6,499,821
Derivative liability
–
41,459,418
Total current liabilities
94,858,118
122,647,346
Long-term liabilities:
Deferred revenue, net of current portion
2,926,255
2,835,218
Lease liability, operating lease, net of current portion
2,494,520
4,049,256
Lease liability finance lease, net of current portion
33,933
129,930
Share repurchase liability
5,301,080
–
Other long-term liabilities
1,000,000
–
Settlement liability, net of current portion
46,330,986
25,477,941
Total liabilities
152,944,892
155,139,691
Commitments and contingencies (Note 11)
Convertible and redeemable preferred stock, $0.001 par value; 11,034 shares authorized; and 0 and 5,575 shares issued and outstanding as of June 30, 2025 and December 31, 2024
–
128,576,901
Stockholders’ equity (deficit)
Convertible and redeemable preferred stock, $0.001 par value; 60,000 shares authorized; and 0 and 27,612 shares issued and outstanding as of June 30, 2025 and December 31, 2024
–
86,742,045
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,768,339 shares issued and outstanding at June 30, 2025. Class A common stock, 0.001 par value; 20,000 Class A shares authorized; 68,127,538 Class A shares issued and outstanding at December 31, 2024; 60,000 Class B shares authorized; 0 Class B shares issued and outstanding at December 31, 2024 (1)
129,008
10
Treasury stock, 0 and 27,061,584 shares at cost, respectively
–
(14,622,222
)
Additional paid-in capital
426,631,367
18,056,702
Accumulated other comprehensive income (loss)
876,320
(52,849
)
Accumulated deficit
(320,783,799
)
(227,767,415
)
Total stockholders’ equity (deficit)
106,852,896
(137,643,729
)
Total liabilities, convertible and redeemable preferred stock and stockholders’ equity (deficit)
$
259,797,788
$
146,072,863
(1) On March 28, 2025, the Company announced a 6,765.396 for 1 stock split, effective March 31, 2025. This stock split is reflected retroactively in all periods presented for the common shares issued and outstanding.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)
For the three months ended
For the six months ended
June 30,
June 30,
2025
2024
2025
2024
Revenues:
Service revenue
$
44,884,207
$
37,746,093
$
88,619,548
$
76,909,470
Product revenue
1,555,537
1,480,639
3,121,904
2,916,907
Total revenues
46,439,744
39,226,732
91,741,452
79,826,377
Cost of services
27,758,685
21,073,281
52,407,148
41,576,599
Cost of products sold
1,039,298
1,431,756
2,230,404
2,623,036
Gross profit
17,641,761
16,721,695
37,103,900
35,626,742
General and administrative expenses:
Personnel costs
8,614,761
6,047,773
16,628,179
11,839,569
Advertising costs
5,941,417
3,852,379
10,359,871
8,344,979
Professional fees
4,766,085
1,132,068
7,390,549
2,470,818
Rent and utilities
1,540,453
1,472,394
2,990,244
2,969,458
Depreciation
734,590
820,044
1,471,465
1,625,093
Other corporate matters
68,437,098
5,838,233
78,104,701
59,074,353
Other
4,012,806
2,309,934
8,137,119
4,896,946
Total general and administrative expenses
94,047,210
21,472,825
125,082,128
91,221,216
Loss from operations
(76,405,449
)
(4,751,130
)
(87,978,228
)
(55,594,474
)
Other income (expense), net
Interest and dividend income
1,802,054
26,168
2,856,340
53,461
Interest expense
(7,456
)
(22,377
)
(13,511
)
(48,162
)
Unrealized (loss) gain on marketable securities
(500,736
)
(34,772
)
1,084,844
128,574
Other, net
(54,342
)
(28,461
)
(8,342,898
)
(31,686
)
Total other income (expense), net
1,239,520
(59,442
)
(4,415,225
)
102,187
Net loss before income taxes
(75,165,929
)
(4,810,572
)
(92,393,453
)
(55,492,287
)
Income tax expense
9,693
18,988
14,693
20,960
Net loss
$
(75,175,622
)
$
(4,829,560
)
$
(92,408,146
)
$
(55,513,247
)
Other comprehensive income:
Unrealized gain on available for sale debt investments, net of income tax
446,778
–
929,169
–
Comprehensive loss
$
(74,728,844
)
$
(4,829,560
)
$
(91,478,977
)
$
(55,513,247
)
Weighted average common stock outstanding, basic and diluted (1)
128,333,356
41,065,954
86,938,585
41,065,954
Net loss per share attributable to common stockholders, basic and diluted
$
(0.59
)
$
(0.15
)
$
(1.12
)
$
(1.42
)
(1) On March 28, 2025, the Company announced a 6,765.396 for 1 stock split, effective March 31, 2025. This stock split is reflected retroactively in all periods presented for the common shares issued and outstanding. See Note 1. Nature of Business.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024 (Unaudited)
2025
2024
Cash flows from operating activities:
Net loss
$
(92,408,146
)
$
(55,513,247
)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
3,089,126
3,153,473
Stock-based compensation
4,994,794
–
Change in fair value of warrant liability
1,824,179
6,373,757
Change in fair value of derivative liability
6,104,230
–
(Recovery of) provision for credit losses
(266,076
)
(458,695
)
Unrealized gain on marketable securities
(1,084,844
)
(128,574
)
Non-cash lease expense
1,788,532
1,706,637
Non-cash expense related to SEPA Agreement
500,000
–
Changes in operating assets and liabilities:
(Increase) decrease in assets:
Accounts receivable
(1,021,463
)
(545,163
)
Inventory
151,745
1,072,475
Prepaid expenses and other current assets
(1,226,532
)
(1,151,295
)
Other asset
(1,201,125
)
–
Security deposits
11,107
54,989
Increase (decrease) in liabilities:
Accounts payable
314,683
(1,918,363
)
Accrued expenses
(2,530,837
)
3,677,186
Lease liabilities
(1,921,948
)
(1,753,792
)
Settlement liability
44,984,790
40,000,000
Other long-term liabilities
1,000,000
–
Deferred revenue
(2,050,078
)
(1,996,968
)
Net cash used in operating activities
(38,947,863
)
(7,427,580
)
Cash flows from investing activities:
Purchase of investments
(131,727,862
)
–
Proceeds from maturity of investments
28,000,000
–
Sale of investments
–
314,185
Purchase of property and equipment
(689,460
)
(207,489
)
Net cash (used in) provided by investing activities
(104,417,322
)
106,696
Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net
80,742,222
8,025,738
Proceeds from issuance of common stock IPO, net
66,659,453
–
Proceeds from exercise of stock options
6,707,723
–
Proceeds from additional stock issuance
65,000
–
Payment of dividend
(915,067
)
–
Principal payment under finance lease obligation
(104,995
)
(90,102
)
Net cash provided by financing activities
153,154,337
7,935,636
Net change in cash
9,789,152
614,752
Cash and cash equivalents – beginning
24,052,887
6,037,211
Cash and cash equivalents – ending
$
33,842,039
$
6,651,963
Supplemental disclosures of cash flow information:
Operating lease assets obtained in exchange for operating lease liabilities
$
28,391
$
76,708
Allocation from equity to derivative liability for Series B Preferred Stock
$
–
$
2,358,376
Interest paid
$
1,829
$
19,968
Non-cash transactions:
Property and equipment acquired through accounts payable:
$
743,485
$
217,172
Non-cash financing activities:
Issuance of warrants in connection with the issuance of convertible stock
$
1,144,976
$
–
Common stock issuance costs reclassified from prepaid expenses
$
(1,798,989
)
$
–
IPO funds receivable in escrow
$
34,500
$
–
Proceeds from exercise of stock options in transit
$
38,320
$
–
NEWSMAX INC. AND SUBSIDIARIES ADJUSTED EBITDA RECONCILIATION (Unaudited)
For the three months ended June 30,
For the six months ended June 30,
2025
2024
2025
2024
Net loss
$
(75,175,622
)
$
(4,829,560
)
$
(92,408,146
)
$
(55,513,247
)
Add
Depreciation
734,590
820,044
1,471,465
1,625,093
Interest, net
(1,794,598
)
(3,791
)
(2,842,829
)
(5,299
)
Unrealized (gain) loss on marketable securities
500,736
34,772
(1,084,844
)
(128,574
)
Stock-based compensation
3,417,686
–
4,994,794
–
Other corporate matters
68,437,098
5,838,233
78,104,701
59,074,353
Other, net2
54,342
28,461
8,342,898
31,686
Income tax expense
9,693
18,988
14,693
20,960
Adjusted EBITDA3
$
(3,816,075
)
$
1,907,147
$
(3,407,268
)
$
5,104,972
2Comprised of miscellaneous items such as derivative adjustments, income tax credits, and unrealized gains on securities
3For a discussion of Adjusted EBITDA, see "Non-GAAP Financial Measures" above.
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