Trump Media says it lost more than $400 million last year

Trump Media says it lost more than $400 million last year while revenue dropped 12%

The parent company of President Donald Trump's social networking site Truth Social says its losses were due to non-cash charges.

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 Media lost more than $400m in 2024

The company also reported a 12 percent decline in annual revenue to $3.6 million, which it blamed on an unnamed advertising partner

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.

Trump Media Says It Lost More than $400 Million Last Year

The parent company of President Donald Trump's social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

Trump Media, the US President's social networking parent, Truth Social, had a budget of 400.9 million dollars during 2024.