❯ Trump Media Posts $238.1 Million Q2 Net Loss; Truth API Has Signed 10 Paid Clients

LOSSES DEEPENTruth Social parent Trump Media & Technology Group posted a $238.1 million net loss in Q2, versus $20 million in the same period last year; quarterly revenue was $1.7 million, up 89% year over year. The loss was driven mainly by more than $190 million in unrealized losses taken on Bitcoin and other digital assets.

NEW REVENUE LINEOn August 1, the company launched Truth API, opening paid access to real-time content from top-ranked Truth Social accounts (including Trump himself) to external clients, at monthly fees of up to $100,000. The earnings call disclosed 10 corporate subscribers, with monthly fees between $60,000 and $100,000. Operating expenses fell 44% quarter over quarter to $165.2 million, a clear tightening of cost controls. The company also disclosed it still holds 14,139 Bitcoin.

CONTROVERSY FOLLOWSRepublican Senator Bill Cassidy publicly criticized the service as “a way to buy access.” For retail shareholders, what truly drives the P&L is not any single business revenue: between $1.7 million in quarterly revenue and the $238 million loss sits the rise and fall of crypto-asset prices — a curve the company itself cannot control.

▪ SIGNALA company with $1.7 million in revenue — the main variable on its quarterly income statement is the Bitcoin price.