Earnings call transcript: Trump Media posts Q3 2026 revenue surge, stock rises 10%

Trump Media & Technology Group reported a sharp increase in revenue for Q3 2026, with earnings showing a notable surge. The company's revenue rose 78% from the previous quarter and 205% from the same period a year earlier, amounting to $3.0 million. Despite this growth, the company remained unprofitable on an operating basis, posting an adjusted EBITDA loss of $12.3 million.

Net income for the quarter was driven by a substantial $378.1 million gain on digital assets, primarily from Bitcoin prices rising by 42% during the quarter. Legal expenses reduced significantly, falling to $2.4 million from over $20 million in prior quarters, as SPAC-related matters were resolved in July. Trump Media's total assets amounted to $2.5 billion, with $2.3 billion in financial assets.

The company's revenue base remains relatively small, and while revenue growth is substantial in percentage terms, the absolute dollar amount remains modest. The stock rose 10.42% to $2.65, showing positive investor response to cost cuts and revenue growth, even though core business profitability remains unimproved.