Trump's media firm posts $238m quarterly loss

Former US President Donald Trump's media company has

Former US President Donald Trump's media company has disclosed a $238m net loss for the second quarter of 2026, despite revenue climbing to just under $2m.

In a Monday filing with the Securities and Exchange Commission, Trump Media & Technology Group (TMTG) said the bulk of the shortfall—$190.4m—stemmed from unrealized losses tied to its digital assets, pledged digital holdings, and equity securities. The company also recorded $11.7m in accreted interest on unpaid loan balances and $8.1m in stock-based compensation.

Revenue for the April–June period rose 89% year-over-year to $1.7m, driven almost entirely by its media operations, which generated $1.43m from advertising and $179,500 from subscriptions. Still, expenses far outpaced income, pushing first-half losses to $644m against total revenue of $2.5m.

TMTG shares, trading under the Nasdaq ticker DJT

TMTG shares, trading under the Nasdaq ticker DJT, fell 8% by Monday's close. The company's portfolio includes the Truth Social platform, the Truth+ streaming service, and the fintech brand Truth.Fi. In recent months, TMTG has expanded into cryptocurrency and, as of August 1, launched Truth API, a subscription service offering investors early access to Trump's posts on Truth Social—where he frequently makes market-sensitive statements on tariffs and foreign policy.

Interim CEO Kevin McGurn said during an earnings call that ten firms had already subscribed to Truth API, paying between $60,000 and $100,000 monthly. Critics have raised conflict-of-interest concerns over the service, given Trump's influence on markets.

Despite the attention his posts generate, Truth Social continues to trail major rivals. The New York Times, citing Similarweb data, reported that unique visitors to the platform in July fell by more than a third compared with the same month last year.