{"id":1679,"date":"2026-08-11T19:18:07","date_gmt":"2026-08-11T19:18:07","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=1679"},"modified":"2026-08-11T19:18:07","modified_gmt":"2026-08-11T19:18:07","slug":"trump-media-posts-238-million-second-quarter-loss-as-crypto-declines","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=1679","title":{"rendered":"Trump Media posts $238 million second-quarter loss as crypto declines"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>\n<p>In this article<\/p>\n<\/div>\n<ul>\n<li><span>DJT<\/span><span><button><\/button><\/span><\/li>\n<\/ul>\n<\/div>\n<div><button><span><span>Follow your favorite stocks<\/span><span>CREATE FREE ACCOUNT<\/span><\/span><\/button><\/div>\n<\/div>\n<div>\n<p><span>Trump Media &amp; Technology Group<span><span><button><\/button><\/span><\/span><\/span> on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million.<\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1677\">Why JPMorgan is investing big in the 2028 LA Olympics<\/a><\/p>\n<p>That loss, which dwarfed the almost $20 million it lost in the same period last year, was primarily due to declines in non-cash assets, including more than $190 million in losses from &#8220;digital assets, digital assets pledged, and equity securities,&#8221; the company said in a press release.<\/p>\n<p>The company&#8217;s $1.7 million in quarterly revenue mostly came through ad services on Truth Social, TMTG&#8217;s flagship social media product, which is used by President Donald Trump. That revenue marked an 89% increase from the year-ago quarter. <\/p>\n<p>The New York Times reported earlier Monday that Truth Social&#8217;s traffic \u2014 which already paled in comparison to similar platforms, such as Elon Musk&#8217;s X \u2014 fell sharply this summer.<\/p>\n<\/div>\n<div>\n<div>\n<div>\n<div>\n<h2>Read more CNBC politics and policy coverage<\/h2>\n<div>\n<ul>\n<li>Khanna to introduce \u2018Data Center Bill of Rights\u2019 as fight over AI power plants heats up<\/li>\n<li>Kids Online Safety Act social media safety bill advances in Senate<\/li>\n<li>Trump admin refunds $100 billion in \u2018liberation day\u2019 tariffs<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p>TMTG&#8217;s quarterly operating expenses of more than $165 million were roughly 275% higher year over year.<\/p>\n<p>&#8220;Our operating expenses are largely impacted by the price volatility of digital assets,&#8221; Chief Financial Officer Phillip Juhan said during the company&#8217;s first-ever earnings call.<\/p>\n<p>The company also provided new details about Truth API, its controversial new service offering faster access\u00a0to Trump&#8217;s Truth Social posts.<\/p>\n<p>TMTG said it has signed &#8220;more than 10 customer agreements to date,&#8221; adding that those clients are &#8220;primarily high-frequency trading firms&#8221; and are paying rates of $60,000 to $100,000 a month, the company confirmed.<\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1675\">Trump says NYC pied-\u00e0-terre tax \u2018must be stopped,\u2019 eyes federal block<\/a><\/p>\n<p>Trump Media &amp; Technology was created after Trump was temporarily suspended from social media platforms in the wake of the Jan. 6, 2021, Capitol riot. It went public through a merger with a special purpose acquisition company and started trading on the Nasdaq in 2024 under the ticker DJT, which match the president&#8217;s initials.<\/p>\n<p>Truth Social was the company&#8217;s first product, but it later expanded into a variety of other industries, including crypto, financial services and fusion power.<\/p>\n<p>TMTG interim CEO Kevin McGurn told Axios on Friday that the company is pulling back from two agreements it struck with Crypto.com as it focuses on its media business and a pending merger with TAE, the fusion energy firm.<\/p>\n<p>McGurn said in Monday&#8217;s earnings call that the combination with TAE is &#8220;the single most important driver of long-term value for this company.&#8221;<\/p>\n<p>There are currently no commercial plants producing electricity using fusion tech. <\/p>\n<p>TMTG stock, which is now worth a fraction of what it fetched when it first started trading, closed down 8% Monday.<\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=1672\">Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediately<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TMTG said it has signed more than 10 customer agreements for Truth API, the service offering faster access to President Donald Trump&#8217;s posts.<\/p>\n","protected":false},"author":1,"featured_media":1678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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