Trump’s media company reports $238m loss

Trump Media & Technology Group (TMTG) reported a significant net loss of $238 million in the second quarter of 2026, with revenue totaling $1.7 million. The company attributed the majority of this shortfall to $190.4 million in unrealized losses on digital assets and equity securities. Other contributing factors included $11.7 million in accreted interest and $8.1 million in stock-based compensation. While TMTG's revenue increased 89 percent year-over-year, losses continued to exceed earnings. The company's portfolio includes Truth Social and other ventures. TMTG's shares saw an 8 percent decline following the financial report.

Donald Trump's media company, Trump Media & Technology, reported a $238 million loss in the second quarter. The company, which owns Truth Social, is pivoting back to a focus on social media after exploring ventures in crypto and online betting. As part of this refocus, they are launching a paid service called Truth API, charging $60,000 to $100,000 per month for early access to Trump's policy posts on Truth Social, which is intended for trading firms. Despite the loss, the company reported $1.7 million in revenue and held over $400 million in cash and investments, along with $1.2 billion in bitcoin assets. The company also intends to proceed with a previously announced merger related to nuclear fusion.

Trump Media & Technology, the company behind Truth Social, reported a significant $238 million loss in the second quarter, a substantial increase from the previous year. New CEO Kevin McGurn announced a strategic pivot to abandon ventures in crypto, online betting, and other new business lines, refocusing the company on its core social media mission. A key part of this turnaround is the new Truth API service, which offers paid early access to top Truth Social posts for Wall Street trading firms, a move that has drawn ethical concerns and vows of investigation from Democrats. Despite the massive loss, the company saw its revenue more than double to $1.7 billion in the quarter. One previously announced venture, nuclear fusion, will continue as a potential long-term value driver.