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lossTrump Media & Technology Group earns less than $2m in Q2.ListenListen (3 mins)SaveClick here to share on social
mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoUS President Donald Trump shows a
printout of a Truth Social post as he delivers remarks to reporters in the Oval Office at the White House in Washington,
DC, on June 4, 2026 [Jonathan Ernst/Reuters]By Erin HalePublished On 11 Aug 202611 Aug 2026US President Donald Trump’s
media conglomerate has reported a net loss of $238m in the second quarter of 2026, against revenue of $1.7m.In its
latest filing with the US Securities and Exchange Commission (SEC) on Monday, Trump Media & Technology Group (TMTG)
attributed most of the shortfall to $190.4m in unrealised losses on digital assets, digital assets pledged and equity
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Israeli claim over Golan Heightsend of listOther losses included $11.7m in “accreted interest” – unpaid interest
on a loan that is added to the principal – and $8.1m in “stock-based compensation”.TMTG said revenue for the
April-June quarter rose 89 percent compared with the same period last year, though losses continued to outpace
earnings.Almost all of TMTG’s revenue came from “media segments”, including $1.43m from advertising and $179,500
from subscriptions, according to the SEC filings.The financial results bring TMTG’s net losses for the first half of
2026 to $644m, against revenue of $2.5m.Shares of TMTG, which trades under the NASDAQ symbol “DJT”, were down 8
percent at market closing on Monday.TMTG’s portfolio includes the social media platform Truth Social, the video
streaming service Truth+ and the fintech brand Truth.Fi.Over the past year, the company has also branched into other
areas, including cryptocurrency and, as of August 1, market intelligence through the controversial subscription service
Truth API.Truth API provides investors faster access to posts on Truth Social, where Trump regularly makes market-moving
announcements on policy issues such as tariffs and the US-Israel war on Iran. Advertisement TMTG interim CEO Kevin
McGurn said during an earnings call on Monday that 10 companies had already signed up for the service, which has raised
conflict of interest concerns, paying $60,000 to $100,000 per month in fees.Despite the influence of Trump’s posts,
Truth Social has lagged behind rival platforms such as X and Facebook in terms of users since its launch in 2022.The New
York Times reported on Monday that visitors to Truth Social in July were down by more than a third compared with the
same period last year, citing data from the online tracking firm Similarweb.aj-logoaj-logoaj-logo Advertisement
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