Newsmax shares are exploding higher following a strong reaction to the company's third-quarter earnings report released after the market closed on November 12. Investors responded favorably to the results, which were bolstered by a $14 million one-time payment and increased affiliate fees, as well as management's projection of $25 million in annualized licensing revenues for the coming year. The stock initially climbed 14% in after-hours trading on November 12 following the announcement, a momentum that carried forward into the following regular session as the market digested the company's second consecutive quarter of positive adjusted EBITDA.