started · updated
Trump Media reports $409.7 million Q3 profit driven by crypto gains
Trump Media and Technology Group reported a net profit of $409.7 million for the third quarter of 2026, a significant turnaround from a $54.8 million loss during the same period last year. The profit was primarily driven by $496.1 million in gains from digital assets and securities, rather than the company’s core media operations.
The company’s core business remains loss-making, with an adjusted EBITDA of approximately -$12.3 million. However, revenue for the Truth Social platform grew 205% year-over-year to $3 million, bolstered by the launch of the Truth+ streaming service and the Truth API. The API allows news organizations and trading firms to pay between $60,000 and $100,000 monthly for high-speed, real-time access to Truth Social posts.
Trump Media has significantly increased its Bitcoin holdings, ending September with approximately 15,649 BTC. During the third quarter, the company acquired 4,359 BTC, partly through the sale of BlackRock Bitcoin ETF holdings. The company also holds seven million shares of BlackRock’s iShares Bitcoin Trust (IBIT).
The financial results come ahead of a planned $6 billion merger with TAE Technologies, which is expected to close in the fourth quarter. Interim CEO Kevin McGurn stated that finalizing the merger remains a key priority.
Entities
BlackRock · Donald Trump · Kevin McGurn · Phillip Juhan · TAE Technologies · Trump Media & Technology Group · Trump Media and Technology Group · Truth Social
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] Truth Social revenue increased 205% to $3 million in Q3. www.baocalitoday.com · www.finanzen100.de · www.crypto-insiders.nl · dev.tnonline.com.br · tribunadepetropolis.com.br · +2 more
- [● 12 SOURCES] Trump Media reported a Q3 net profit of $409.7 million. www.baocalitoday.com · diariodoestadogo.com.br · www.finanzen100.de · www.crypto-insiders.nl · www.cryptobreaking.com · +7 more
- [● 2 SOURCES] Donald Trump Jr. is the sole trustee with full voting and investment power over the Trump family trust holdings in the company. www.baocalitoday.com · www.nbcnews.com
- [● 4 SOURCES] Trump Media is planning a $6 billion merger with TAE Technologies. dev.tnonline.com.br · tribunadepetropolis.com.br · www.dgabc.com.br · www.cnnbrasil.com.br
- [● 2 SOURCES] The Truth API service costs between $60,000 and $100,000 per month. www.baocalitoday.com · www.nbcnews.com
- [● 9 SOURCES] The profit was driven by $496.1 million in gains from digital assets and securities. www.finanzen100.de · www.crypto-insiders.nl · dev.tnonline.com.br · www.it-boltwise.de · tribunadepetropolis.com.br · +4 more
- [● 2 SOURCES] The company acquired 4,359 BTC during the third quarter. www.cryptobreaking.com · crypto.news
- [● 3 SOURCES] Trump Media holds approximately 15,649 Bitcoin as of late September. www.finanzen100.de · www.cryptobreaking.com · crypto.news