Latest Breaking News

BumRushDaShow

(171,793 posts) Sat May 9, 2026, 07:56 AM 14 hrs ago

Trump Media Lost More Than $400 Million Last Quarter - While Notching Paltry Sales Figure

Source: MEDIAite

May 8th, 2026, 8:25 pm

Truth Social’s parent company, Trump Media and Technology Group, lost more than $400 million last quarter and brought in less than $1 million in sales, according to a Friday press release from the company.

The company reported $871,200 in revenue during the first three months of 2026, a modest increase from the same period a year earlier, alongside a $405.9 million net loss and a $387.8 million adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss. Notably, President Donald Trump’s revocable trust owned about 41% of the company’s outstanding shares as of the end of April, according to Trump Media’s most recent annual filing. They recorded a $712 million net loss in 2025.

Trump Media said most of the red ink stemmed from accounting-related charges rather than day-to-day operations, citing “non-cash losses including unrealized losses on digital assets, digital assets pledged, and equity securities ($368.7 million), accreted interest ($11.5 million), and stock-based compensation ($11.8 million).”

The earnings release marks the first quarterly report since former Rep. Devin Nunes (R-CA) stepped down as chief executive last month. Trump Media named media executive Kevin McGurn, whose résumé includes roles at Hulu, Vevo, and T-Mobile, as interim CEO.

Read more: https://www.mediaite.com/media/news/trump-media-lost-more-than-400-million-last-quarter-while-notching-paltry-sales-figure/

Link to SEC PRESS RELEASE - Trump Media & Technology Group Reports First Quarter 2026 Results

10 replies

= new reply since forum marked as read

Highlight:

Trump Media Lost More Than $400 Million Last Quarter - While Notching Paltry Sales Figure (Original Post) BumRushDaShow 14 hrs ago OP

don't worry - he is making it up in bribes rurallib 14 hrs ago #1

Yes. LudwigPastorius 10 hrs ago #5

With the departure of Nunes... Princess Turandot 13 hrs ago #2

The whole enterprise is probably some kind of tax deduction scam for the Trump family AZJonnie 12 hrs ago #3

Trump probably made a killing and left TS to die. That's his MO. The same will happen with his cryptocurrency scheme. Martin68 11 hrs ago #4

Now we know why Trump Media CEO Nunes is long gone. republianmushroom 10 hrs ago #6

LOL...as if Trump gives a shit? He's banked big like he has done all his life Bengus81 10 hrs ago #7

Oh well twodogsbarking 4 hrs ago #8

What is he doing, borrowing money from banks to make up the losses? FakeNoose 4 hrs ago #9

Everything he touches turns to shit Yo_Mama_Been_Loggin 2 hrs ago #10

rurallib

(64,794 posts)

1. don't worry - he is making it up in bribes

Reply to BumRushDaShow (Original post)

Sat May 9, 2026, 08:04 AM

14 hrs ago

LudwigPastorius

(14,948 posts)

5. Yes.

Reply to rurallib (Reply #1)

Sat May 9, 2026, 11:28 AM

10 hrs ago

Trump Media probably just exists to launder his bribery income, while simultaneously showing a loss and avoiding income tax.

Princess Turandot

(4,929 posts)

2. With the departure of Nunes...

Reply to BumRushDaShow (Original post)

Sat May 9, 2026, 08:49 AM

13 hrs ago

..they may have decided to do a 'clean up' and take the hit now, rather than dragging it out. I'm assuming that the devalued 'assets' had something to do at least in part with his decision making. (Considering that he could not handle an imaginary (digital) cow, that would be consistent with his brand.)

The guy described as their interim CEO appears to have relevant experience, superficially speaking; I assume he is being considered for the full time gig. It's possible that he made getting a fresh start as a condition of taking it.