Blab Business
Trump Media Posts $238 Million Loss, Shifts Focus to Truth Social and New API Service
Trump Media & Technology Group Corp. (NASDAQ: DJT) announced a net loss of $238.1 million for the quarter ended June 30, 2026, in its earnings release. Revenue rose sharply to $1.7 billion, more than double the $840 million reported a year earlier.
The loss per share widened to 86 cents from 8 cents in the same quarter last year. After stripping out unrealized losses on its bitcoin and Cronos holdings, the company’s operating loss climbed to $164 million from $44 million a year earlier. The bulk of the unadjusted loss stemmed from a decline in the value of the $1.2 billion in bitcoin and related assets.
During a conference call following the announcement, chief executive Kevin McGurn said the firm would abandon most of the new business lines it had pursued over the past year, including online betting and crypto ventures. He emphasized that the company would refocus on its core social‑media mission, stating, "We made the disciplined choice to pivot in order to invest more time and resources in our most important initiatives."
Central to the pivot is a new paid service called Truth API. The API delivers a machine‑readable feed of posts from Truth Social’s top accounts—including former President Donald Trump—to high‑frequency trading firms and other customers. Priced between $60,000 and $100,000 per month, the service had 10 customers at the time of the call, mostly trading firms that transact in milliseconds. McGurn projected that the service could generate $7 million to $12 million in annual revenue, roughly two to three times the company’s total revenue in the previous year.
Truth API has attracted regulatory scrutiny. Democrats warned that the paid service could be investigated if they gain control of Congress in the midterm elections. McGurn dismissed concerns, noting that other technology and financial‑information companies routinely offer commercial APIs.
The company also confirmed that it will proceed with its planned merger with TAE Technologies, a fusion‑energy startup. Valued at more than $6 billion, the merger is expected to close by year‑end. McGurn said the fusion business remains the company’s "single most important driver of long‑term value."
Trump Media’s balance sheet shows $1 billion in convertible notes that are not due until 2028, though lenders can demand repayment in November. The firm reported over $400 million in cash and short‑term investments and still holds roughly 9,542 bitcoin, worth about $557 million at the end of June.
The stock fell 8 percent in regular trading on the day of the earnings release and slipped slightly in after‑hours trading. Analysts have raised questions about the company’s ability to generate sustainable revenue from its social‑media platform.
Trump Media’s next quarterly report is expected in late September. Investors will watch for updates on Truth API revenue, the progress of the TAE merger, and the company’s debt‑repayment strategy. With a sizable cash reserve but significant crypto‑related paper losses and a potentially accelerated debt structure, the outcome of the Truth API rollout and the completion of the fusion merger will be key determinants of its financial trajectory.
The loss per share widened to 86 cents from 8 cents in the same quarter last year. After stripping out unrealized losses on its bitcoin and Cronos holdings, the company’s operating loss climbed to $164 million from $44 million a year earlier. The bulk of the unadjusted loss stemmed from a decline in the value of the $1.2 billion in bitcoin and related assets.
During a conference call following the announcement, chief executive Kevin McGurn said the firm would abandon most of the new business lines it had pursued over the past year, including online betting and crypto ventures. He emphasized that the company would refocus on its core social‑media mission, stating, "We made the disciplined choice to pivot in order to invest more time and resources in our most important initiatives."
Central to the pivot is a new paid service called Truth API. The API delivers a machine‑readable feed of posts from Truth Social’s top accounts—including former President Donald Trump—to high‑frequency trading firms and other customers. Priced between $60,000 and $100,000 per month, the service had 10 customers at the time of the call, mostly trading firms that transact in milliseconds. McGurn projected that the service could generate $7 million to $12 million in annual revenue, roughly two to three times the company’s total revenue in the previous year.
Truth API has attracted regulatory scrutiny. Democrats warned that the paid service could be investigated if they gain control of Congress in the midterm elections. McGurn dismissed concerns, noting that other technology and financial‑information companies routinely offer commercial APIs.
The company also confirmed that it will proceed with its planned merger with TAE Technologies, a fusion‑energy startup. Valued at more than $6 billion, the merger is expected to close by year‑end. McGurn said the fusion business remains the company’s "single most important driver of long‑term value."
Trump Media’s balance sheet shows $1 billion in convertible notes that are not due until 2028, though lenders can demand repayment in November. The firm reported over $400 million in cash and short‑term investments and still holds roughly 9,542 bitcoin, worth about $557 million at the end of June.
The stock fell 8 percent in regular trading on the day of the earnings release and slipped slightly in after‑hours trading. Analysts have raised questions about the company’s ability to generate sustainable revenue from its social‑media platform.
Trump Media’s next quarterly report is expected in late September. Investors will watch for updates on Truth API revenue, the progress of the TAE merger, and the company’s debt‑repayment strategy. With a sizable cash reserve but significant crypto‑related paper losses and a potentially accelerated debt structure, the outcome of the Truth API rollout and the completion of the fusion merger will be key determinants of its financial trajectory.
