Alejandro Escamilla / Wikimedia Commons / CC0
Trump Media & Technology Group reported $409.7 million in third-quarter net income in Monday’s earnings release, with most of the profit reflecting noncash items tied to digital assets and equity investments rather than revenue from its media operations.
The operator of Truth Social, Truth+ and Truth.Fi reported $3.0 million in revenue for the quarter ended September 30, up 205% from a year earlier, according to its November 9 company release, issued at 4:05 p.m. Eastern.
The company attributed revenue growth primarily to $1.8 million of subscription growth in its Media segment from Truth API, its data-licensing product, and Truth+. It also reported $0.2 million in management fees from Truth.Fi exchange-traded fund offerings.
The reported profit included $496.1 million in net realized and unrealized gains on digital assets, pledged digital assets and equity securities. Those gains were partly offset by derivatives losses and other expenses.
In plain terms, changes in investment values helped produce a large accounting profit. That does not mean the company’s media products generated $409.7 million in sales or operating earnings.
On the company’s adjusted EBITDA measure, which removes selected investment, financing and other items, it reported a $12.3 million loss. Adjusted EBITDA is a non-GAAP measure and is not a substitute for net income under standard accounting rules.
Legal fees fell to $2.4 million from $20.3 million a year earlier, the company said. It used $28.4 million of cash in operating activities over the first nine months of 2026.
JBizNews Desk | Business & Technology
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