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

[BumRushDaShow]

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/

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

[rurallib]

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

[Princess Turandot]

2. With the departure of Nunes...

..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.

[AZJonnie]

3. The whole enterprise is probably some kind of tax deduction scam for the Trump family

As well as a scam on investors, of course.

IOW, I'd not be surprised if the claim of a $400M loss is fraudulent itself.