Trump Media Lost More Than $400 Million Last Quarter - While Notching Paltry Sales Figure [View all]
Source: MEDIAite
May 8th, 2026, 8:25 pm
Truth Social’s parent company, Trump Media and Technology Group, lost more than $400 million last quarter and brought in less than $1 million in sales, according to a Friday press release from the company.
The company reported $871,200 in revenue during the first three months of 2026, a modest increase from the same period a year earlier, alongside a $405.9 million net loss and a $387.8 million adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss. Notably, President Donald Trump’s revocable trust owned about 41% of the company’s outstanding shares as of the end of April, according to Trump Media’s most recent annual filing. They recorded a $712 million net loss in 2025.
Trump Media said most of the red ink stemmed from accounting-related charges rather than day-to-day operations, citing “non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities ($368.7 million), accreted interest ($11.5 million), and stock-based compensation ($11.8 million).”
The earnings release marks the first quarterly report since former Rep. Devin Nunes (R-CA) stepped down as chief executive last month. Trump Media named media executive Kevin McGurn, whose résumé includes roles at Hulu, Vevo, and T-Mobile, as interim CEO.
Read more: https://www.mediaite.com/media/news/trump-media-lost-more-than-400-million-last-quarter-while-notching-paltry-sales-figure/
Link to SEC PRESS RELEASE - Trump Media & Technology Group Reports First Quarter 2026 Results
= new reply since forum marked as read