Trump Media Q2 Revenue Just $1.7M as Net Loss Hits $238M
Trump Media & Technology Group reported second-quarter revenue of only $1.7 million and a net loss of $238.1 million, despite holding nearly $2 billion in total assets.
DJT
Trump Media & Technology Group closed the second quarter with $2.0 billion in total assets, including over $1.9 billion in financial assets. However, the company generated just $1.7 million in revenue during the period.
It posted a net loss of $238.1 million and an adjusted EBITDA loss of $223.5 million for the quarter. Management indicated that legal expenses are expected to decline materially going forward.
Source: First Squawk