DJT: Trump Media reports $771,000 revenue for first quarter, net loss of $327.6 million
Trump Media's $327M Loss: Sustainable?
Trump Media & Technology Group reported a significant net loss of $327.6 million with a revenue of just $770,500 in its first quarter. The company's performance comes after going public on Nasdaq in March, following a merger with Digital World Acquisition Corp. Despite the financial results, DJT shares remained relatively stable in post-market trading. Trump Media is also advancing its digital footprint, announcing plans for a TV streaming platform through Truth Social, with contracts already signed with a data center partner and hardware vendor.
How much total revenue did Trump Media & Technology Group generate in the same period?
Trump Media & Technology Group generated total revenue of $770,500 in the first fiscal quarter.
What was the net loss reported by Trump Media & Technology Group in the first fiscal quarter?
Trump Media & Technology Group, the parent company of Donald Trump's Truth Social network, reported a net loss of $327.6 million in its first fiscal quarter. The total revenue for the same period was $770,500. This information was disclosed in the company's earnings report, which was filed with the Securities and Exchange Commission.