Trump Media Posts $238M Loss

Trump Media posted a $238 million quarterly loss tied to falling crypto values.

•Left & Center

Trump Media reports $238m loss as crypto falls

Trump’s media company, which also owns Truth Social, reports $238m loss

Trump media company announces a massive loss and new turnaround effort

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Trump Media & Technology Group, owner of Truth Social, reported a $238 million net loss for the three months through June on about $1.7 million in revenue. The loss, up from nearly $20 million a year earlier, included more than $190 million in non-cash declines tied to digital assets, pledged digital assets and equity securities. New CEO Kevin McGurn said the company will abandon several non-media business lines and refocus on Truth Social. DJT shares closed down 8% at $9.39 ahead of the results.

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