BLOOMBERG · 2026-11-09 22:29 UTC

Trump Media Posts First-Ever Profit as Crypto Boosts Results

Trump Media & Technology Group reported net income of $409.7 million for the three months ended September, versus a net loss of $54.8 million a year earlier, driven mainly by gains on cryptocurrencies and virtual assets it held. Revenue was $3 million, triple the year-ago period, mostly from $1.8 million of subscription growth in its media group, including the Truth API service. Shares have fallen nearly 70% year-to-date, including a 25% drop after the midterms, and the company is pursuing a merger with TAE Technologies expected to close before end-2026.

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