US EditionTrump Media says it lost more than $400 million last year
- Trump Media & Technology Group reported a loss of $400.9 million last year and a 12% decline in revenue to $3.6 million.
- The company's losses were partly attributed to a revenue-sharing agreement with an undisclosed advertising partner.
- After winning the U.S. presidential election, Donald Trump transferred his shares, valued at around $4 billion, to the Donald J. Trump Revocable Trust.
- Trump Media became publicly traded after merging with Digital World Acquisition Corp., a type of special purpose acquisition company.
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40 Articles
New York., Trump Media and Technology Group (TMTG), President Donald Trump's social network parent company, Truth Social, reported losses of $400.9 million last year and reported that its annual revenues fell 12 percent annually to $3.6 million.
Trump Media Loses More Than $400 Million In 2024
The parent company of Truth Social, President Donald Trump’s social networking platform, reported a loss of $400.9 million last year, with annual revenue dropping 12% to $3.6 million. Trump Media & Technology Group released its earnings late Friday, attributing part of the $400.9 million loss to a revenue-sharing deal with an unnamed advertising partner. After securing victory in the U.S. presidential election in November, Donald Trump transferr…
Trump's Truth Social parent company reports $400.9 million loss amid revenue decline
Trump Media, the parent company of Truth Social, reported a $400.9 million loss in 2023, with revenue dropping 12% to $3.6 million. Trump transferred his $4 billion stake to a family trust in December.
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