Trump’s media company reports $238m loss
Summary
President Donald Trump’s media company, Trump Media & Technology Group (TMTG), reported a loss of $238 million in the second quarter of 2026, despite earning $1.7 million in revenue. Most of the loss was due to decreases in the value of digital assets and securities, with the company’s total losses reaching $644 million in the first half of 2026.Key Facts
- TMTG reported a net loss of $238 million for April-June 2026.
- The company earned $1.7 million in revenue during the same period.
- $190.4 million of the loss came from unrealized losses on digital assets and securities.
- Additional losses included $11.7 million in unpaid interest added to loans and $8.1 million from stock-based pay.
- The company’s revenue grew 89% compared to last year, mostly from advertising and subscriptions.
- TMTG’s total losses in the first half of 2026 were $644 million against $2.5 million in revenue.
- TMTG owns Truth Social, Truth+ streaming, and Truth.Fi fintech, and recently launched Truth API, a paid market data service.
- Truth Social’s user visits dropped by more than one-third year-over-year in July 2026, lagging behind bigger social platforms.
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