Newsmax stock fell 12.3% in March, a rough stretch that followed an initial jump after the war between the U.S. and Israel with Iran began at the end of February and then reversed as other news hit the market. By the time the company reported fourth-quarter results on March 26, investors had already seen the shares turn sharply lower.
The move came after Newsmax appointed Dave Evans to its board of directors and audit committee on March 23, a change that some investors may have read as a sign of possible scrutiny around financial reporting or internal controls. The company then said revenue in the fourth quarter was $52.2 million, while net loss came to $3 million, or 4 cents a share.
Newsmax's quarterly results also showed $6.9 million in adjusted earnings before interest, taxes, depreciation and amortization, compared with $8.2 million a year earlier, underscoring the pressure on earnings even as sales kept growing. For the full year, the company said sales reached $189.3 million, up 10.7% from the prior year.
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That backdrop matters because March's selloff came even as the broader market was weaker too: the S&P 500 fell 5.1% and the Nasdaq Composite slipped 4.8% over the same month. Newsmax's decline was steeper than both, reflecting the stock's swings around the Iran war and company-specific news.
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The company also guided for 2026 sales of between $212 million and $216 million and said it expected improved operating profit as legal expenses and public-company transition costs ease. Even after the March drop, the shares were up 10% in April as of the article's writing, leaving investors to weigh whether the early-year volatility was a pause or a reset.
