Trump Media & Technology Group reports significant quarterly losses

Trump Media & Technology Group, the company founded by U.S. President Donald Trump and operator of the Truth Social platform, announced a net loss of $238.1 million for the second quarter ending in June 2026. This figure represents a sharp decline from the $20 million loss recorded during the same period last year. The significant shortfall was primarily driven by non-cash losses exceeding $190 million stemming from the depreciation of digital assets, including cryptocurrencies and equity holdings, as well as operational expenses that surged by approximately 275% year-over-year to over $165 million.

Despite these losses, the company reported revenue of $1.7 million, largely from advertising on Truth Social, marking an 89% increase compared to the previous year. However, reports indicate that platform traffic has seen a sharp decline this summer. To diversify income, the firm is currently launching the Truth API, which provides third-party access to platform data. Market analysts attribute the broader financial pressure on the company to volatility in the digital asset market, geopolitical tensions, and ongoing investor uncertainty regarding interest rates.