Trump Media & Technology Group, the media conglomerate owned by former US President Donald Trump, has reported a significant net loss of $238m in the second quarter of 2026, despite revenue increasing by 89 percent compared to the same period last year.
The company's revenue for the April-June quarter was $1.7m, with most of the shortfall attributed to $190.4m in unrealised losses on digital assets, digital assets pledged, and equity securities. Other losses included $11.7m in accreted interest and $8.1m in stock-based compensation.
The financial results bring Trump Media & Technology Group's net losses for the first half of 2026 to $644m, against revenue of $2.5m. The company's portfolio includes the social media platform Truth Social, the video streaming service Truth+, and the fintech brand Truth.Fi.
Truth Social has struggled to gain traction, with visitors to the platform down by more than a third in July compared to the same period last year, according to data from the online tracking firm Similarweb.
Despite the losses, Trump Media & Technology Group has expanded its services, including the launch of Truth API, a controversial subscription service that provides investors with faster access to posts on Truth Social.
The service has raised conflict of interest concerns, with 10 companies already signed up, paying $60,000 to $100,000 per month in fees. Trump regularly makes market-moving announcements on policy issues on Truth Social, which has contributed to the platform's influence despite its relatively small user base.
The company's financial struggles have had an impact on its stock price, with shares of Trump Media & Technology Group down 8 percent at market closing on Monday. The company's interim CEO, Kevin McGurn, highlighted the growth of the company's revenue during an earnings call on Monday, but the significant losses will likely raise concerns about the company's long-term viability.
As Trump Media & Technology Group continues to expand its services and navigate the challenges of the media industry, the company's financial performance will be closely watched by investors and industry analysts.
