President Trump’s media company reports $405 million in losses
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Trump Media & Technology Group, the parent company of Truth Social, has reported a net loss of more than $405 million during the first quarter of 2026. According to the companys latest earnings report, Trump Media recorded a net loss of approximately $405.9 million in the first three months of the year.The company reported net sales of about $871,200 for the quarter, representing a six percent increase compared to the same period last year. In the financial report released on Friday, the company also disclosed an adjusted EBITDA loss of approximately $387.8 million. Trump Media said most of the losses were tied to non cash accounting items, including unrealised losses connected to digital assets, pledged digital assets and equity securities. The company stated that these non cash losses accounted for roughly $368.7 million, while accreted interest and stock based compensation reportedly contributed additional losses. The earnings figures come shortly after changes in the companys leadership structure.Donald Trumps media company recently replaced former chief executive Devin Nunes with Kevin McGurn. Despite the reported losses, the company said it still holds approximately $2.2 billion in financial assets and reported positive operating cash flow of about $17.9 million.The post President Trump’s media company reports $405 million in losses appeared first on Linda Ikeji Blog.
Trump Media & Technology Group, the parent company of Truth Social, has reported a net loss of moRead more at http://www.lindaikejisblog.com/2026/5/president-trumps-media-company-reports-405-million-in-losses.html