Newsmax Sees Unusually Large Options Volume (NYSE:NMAX)
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4 Articles
Why Newsmax Stock Popped on Friday
Politics equals profits for the cable news challenger.
Newsmax Sees Unusually Large Options Volume (NYSE:NMAX)
Newsmax Inc. (NYSE:NMAX - Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors bought 5,592 call options on the company. This is an increase of approximately 122% compared to the average volume of 2,519 call options.
Newsmax (NMAX) - Affiliate and Licensing Growth Lift Core Earnings - Channelchek
Q3 Operating Results. The company reported Q3 revenue of $69.0 million, up 52.5% year-over-year, including a $14.0 million nonrecurring contract termination payment. Excluding the payment, revenue increased 21.6% to $55.0 million, above our $52.1 million estimate. Adj. EBITDA reached $19.0 million, excluding the payment, adj. EBITDA was $5.0 million, substantially higher than our $0.2 million loss estimate.
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