Trump Media Loses $238 Million on Only $1.7 Million in Revenue
The Trump Social operator says it is redirecting resources toward the "core pillars" of its media business The post Trump Media Loses $238 Million on Only $1.7 Million in Revenue appeared first on TheWrap .
Trump Media & Technology Group suffered a significant $238.1 million loss in the second quarter of 2026, despite generating $1.7 million in revenue—an 89% increase from the same period last year. The company, which operates Truth Social, Truth+, and is expanding into cryptocurrency, financial services, and other ventures, posted $190.4 million in unrealized losses, contributing to the overall $238.1 million net loss.
Interim CEO Kevin McGurn stated that the company is focusing on its core pillars as it seeks to expand its media offerings. In addition to its media ventures, Trump Media has invested in cryptocurrency and financial assets and launched financial services products under the Truth.Fi brand. The company also merged with fusion energy company TAE Technologies, but these moves did not prevent the substantial quarterly loss. Despite the losses, Trump Media ended the quarter with approximately $2 billion in total assets.
Written by urgent.news from TheWrap's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
