started · updated
Trump Media reports $238 million quarterly loss
Trump Media & Technology Group (TMTG) reported a net loss of $238 million for the second quarter of 2026, a figure more than ten times higher than the loss recorded during the same period the previous year. The company's revenue for the quarter rose 89 percent year-over-year to $1.7 million.
The significant loss was primarily attributed to approximately $190.4 million in unrealized losses on digital assets, including cryptocurrencies like Bitcoin. Following these results, interim CEO Kevin McGurn announced a strategic pivot to move away from non-media ventures, such as online betting and cryptocurrency, to refocus on the company's core social media mission.
To drive new revenue, TMTG launched the Truth API, a subscription service providing high-speed, low-latency access to posts from influential Truth Social accounts, including Donald Trump. The service is aimed at high-frequency trading firms and is reportedly priced between $60,000 and $100,000 per month. The company has already secured more than ten customer agreements for this service and is in discussions with potential clients in the artificial intelligence sector.
Entities
Bitstamp · Cronos · Crypto.com · Donald Trump · Kevin McGurn · Robinhood · Superhero · TAE Technologies · Trump Media & Technology Group · Truth Social · Yorkville Acquisition Corp.
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 30 SOURCES] The quarterly loss is more than ten times the amount reported during the same period the previous year. www.bbc.co.uk · www.kaaltv.com · srnnews.com · vinnews.com · cashcow.nl · +20 more
- [● 28 SOURCES] The company is launching Truth API, a service providing Wall Street firms with real-time access to content from top Truth Social posters. www.kaaltv.com · srnnews.com · vinnews.com · www.bbc.co.uk · kahawatungu.com · +20 more
- [● 31 SOURCES] Trump Media reported $1.7 million in revenue for the second quarter, an 89 percent increase from the same period last year. www.bbc.co.uk · cashcow.nl · theasset.nl · finance.technews.tw · therandyreport.com · +24 more
- [DISPUTED] The company intends to proceed with its planned merger with nuclear fusion energy firm TAE Technologies by the end of the year. www.kaaltv.com · srnnews.com · vinnews.com · www.fool.com · theasset.nl · +4 more
- [● 37 SOURCES] Trump Media & Technology Group reported a $238 million loss for the second quarter ending in June. www.bbc.co.uk · www.kaaltv.com · srnnews.com · vinnews.com · cashcow.nl · +26 more
- [DISPUTED] Interim CEO Kevin McGurn announced the company will pivot away from non-media ventures like crypto and online betting to refocus on its social media mission. www.kaaltv.com · srnnews.com · vinnews.com · www.bbc.co.uk · www.fool.com · +4 more
- [DISPUTED] Trump Media, Crypto.com, and Yorkville Acquisition Corp. have terminated their plan to create a $6.42 billion digital-asset treasury company focused on Cronos (CRO) tokens. www.fool.com · ambcrypto.com · unchainedcrypto.com · newstarget.com · www.nouvelles-du-monde.com · +2 more
- [● 33 SOURCES] A significant portion of the quarterly loss was attributed to unrealized paper losses from declining values in digital asset holdings. www.kaaltv.com · srnnews.com · vinnews.com · www.fool.com · theasset.nl · +24 more
- [● 4 SOURCES] The company is in discussions with potential customers in the AI sector. www.allgaeuer-zeitung.de · bnn.de · www.europesays.com
- [● 17 SOURCES] TMTG revenue increased by 89 percent year-over-year to 1.7 million dollars in the last quarter. www.allgaeuer-zeitung.de · bnn.de · fr.news.yahoo.com · www.nbcpalmsprings.com · www.finanzen100.de · +11 more
- [● 6 SOURCES] The monthly price drops to 60,000 dollars for longer-term contracts. www.allgaeuer-zeitung.de · bnn.de · t3n.de · www.cash.ch · www.finanzen100.de
- [● 16 SOURCES] TMTG reported a net loss of 238.1 million dollars in the last quarter. www.allgaeuer-zeitung.de · bnn.de · fr.news.yahoo.com · www.mediaplaynews.com · www.danas.rs · +10 more