{"id":37613,"date":"2026-08-11T01:24:35","date_gmt":"2026-08-10T20:24:35","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=37613"},"modified":"2026-08-11T01:24:35","modified_gmt":"2026-08-10T20:24:35","slug":"trump-media-truth-social-owner-reports-q2-net-loss-of-238m-and-revenue-of-1-7m","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=37613","title":{"rendered":"Trump Media, Truth Social Owner, Reports Q2 Net Loss of $238M and Revenue of $1.7M"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<\/p>\n<div>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tTrump Media &amp; Technology Group posted another large net loss for the second quarter of 2026, of $238.1 million, while the company generated $1.7 million in sales for the period.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\t<a href=\"https:\/\/variety.com\/t\/donald-trump\/\" id=\"auto-tag_donald-trump\" data-tag=\"donald-trump\">Donald Trump<\/a> is the largest shareholder in TMTG, holding more than 40% of its shares through a revocable trust, according to a\u00a0July 21 <a rel=\"noreferrer noopener nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-07-21\/senators-question-insider-access-to-trump-truth-social-posts\">Bloomberg report<\/a>. The company operates <a href=\"https:\/\/variety.com\/t\/truth-social\/\" id=\"auto-tag_truth-social\" data-tag=\"truth-social\">Truth Social<\/a>, President Trump\u2019s favored social media platform.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tThe company $238.1 million net loss for the June quarter compares with a $20 million net loss in the year-earlier period. TMTG said the \u201cvast bulk\u201d of its losses in Q2 of 2026 were \u201cnon-cash losses,\u201d including unrealized losses on digital assets, digital assets pledged and equity securities ($190.4 million). The company reported $25.6 million in legal expenses in the most recent quarter, primarily related to \u201clegacy litigation.\u201d TMTG\u2019s $1.7 million in revenue was up 89% from $0.9 million generated in the second quarter of 2025.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tTMTG said it ended Q2 with total assets of $2.0 billion and financial assets of approximately $1.9 billion comprising cash, restricted cash, short-term investments, equity securities, note receivable and accrued interest, digital assets and digital assets pledged.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tOn Aug. 1, TMTG launched a new service that provides instant access to \u201cthe highest-ranking\u201d accounts on Truth Social \u2014 including Trump\u2019s \u2014 charging as much as $100,000 per month. The move has drawn <a href=\"https:\/\/variety.com\/2026\/digital\/news\/trump-media-sell-access-truth-social-posts-gop-criticism-1236819411\/\">criticism from both Democrats and Republicans<\/a>, including Sen. Bill Cassidy (R-La.), who called it \u201ca form of buying access.\u201d<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tTMTG says its mission is \u201cto end Big Tech\u2019s assault on free speech by opening up the Internet and giving people their voices back.\u201d The company was founded in February 2021 after Trump was suspended from platforms including Twitter (now called X), Facebook, Instagram and YouTube; those services said Trump had violated rules against inciting violence in connection with the Jan. 6, 2021, attack on the U.S. Capitol.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tIn December 2025, Trump Media announced a\u00a0<a href=\"https:\/\/variety.com\/2025\/digital\/news\/trump-media-merger-tae-nuclear-fusion-company-1236611758\/\">merger agreement with nuclear fusion company TAE Technologies<\/a>\u00a0in an all-stock deal valued at more than $6 billion.\u00a0The companies had expected to close the transaction by mid-2026; on Monday, TMTG said the TAE merger is targeted to close in Q4 2026.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\t\u201cOver the past few months, we\u2019ve sharpened our strategic direction and brought real discipline to how we allocate capital,\u201d TMTG <a href=\"https:\/\/variety.com\/2026\/digital\/news\/trump-media-kevin-mcgurn-ceo-hulu-vevo-1236727313\/\">interim CEO Kevin McGurn<\/a>, a former Hulu exec, said in a statement. \u201cWe\u2019re making meaningful progress toward our proposed merger with TAE Technologies, which we believe is the most important driver of long-term shareholder value and a natural extension of our commitment to building durable, un-cancelable infrastructure, this time in energy security. At the same time, we\u2019ve refined our approach to capital allocation to better direct resources to the core pillars of our media business, and that effort is already yielding results.\u201d<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tMeanwhile, on Aug. 7, TMTG and Yorkville Acquisition Corp. (a blank-check company incorporated in the Cayman Islands set up for the purposes of M&amp;A) announced an agreement to \u201cmutually terminate their previously announced proposed business combination to establish Trump Media Group CRO Strategy, Inc.\u201d \u2014 which had been described as a \u201cdigital asset treasury company focused on acquisition of the native cryptocurrency token of the Cronos ecosystem (\u2018CRO\u2019)\u201d\u00a0\u2014 citing \u201cprevailing market conditions\u201d and \u201cshifting business and stakeholder priorities.\u201d In addition, Crypto.com, Trump Media and Yorkville America mutually agreed not to pursue their previously announced partnership, under which Crypto.com was to service certain of Yorkville America\u2019s anticipated electronically traded fund (ETF) offerings.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tOriginally, TMTG and Crypto.com\u2019s agreement called for Trump Media to introduce a rewards system on the Truth Social and Truth+ platforms that used Crypto.com\u2019s digital wallet infrastructure and that adopted the CRO digital currency as a utility token. In a joint press release last Friday, TMTG and Crypto.com said: \u201cRather than develop a direct prediction market integration on Truth Social, the companies will pivot to a marketing agreement under which Crypto.com\u2019s prediction markets experiences will be marketed to the Truth Social user base.\u201d<\/p>\n<\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>Trump Media &amp; Technology Group posted another large net loss for the second quarter of 2026, of $238.1 million, while the company generated $1.7 million in sales for the period. Donald Trump is the largest shareholder in TMTG, holding more than 40% of its shares through a revocable trust, according to a\u00a0July 21 Bloomberg report&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":37614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/variety.com\/wp-content\/uploads\/2026\/08\/Donald-Trump.jpg?w=1000&h=563&crop=1","fifu_image_alt":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-37613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pics-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/37613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37613"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/37613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/37614"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}