Trump Media loses $238 million as crypto falls

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27 segments

0:00

Trump Media post 238 million second

0:02

quarter loss. It turns out when you put

0:04

a whole bunch of crypto on your balance

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sheet, Bitcoin in this case, CRO, which

0:08

they bought like hundred million dollar

0:10

worth, it's not great for your earnings

0:12

when it goes down, right? So, what we

0:14

saw here largely is not much to do with

0:16

the fundamental business of Trump Media,

0:19

which is truthing over on Truth Social,

0:21

whatever that is, and more to do with

0:23

the assets that they're holding on their

0:25

balance sheet. Trump Media reported a

0:27

quarterly net loss of approximately $238

0:29

million on only $1.7 million of revenue.

0:33

Their expense was like $140 for every

0:36

dollar that they made. Good business.

0:38

Much of this loss, if we're being

0:39

honest, came from non-cash declines in

0:41

the value of its digital assets and

0:43

investments. But the Trumps made their

0:45

money on the Trump token, on the fees on

0:46

World Liberty Financial. They've had a

0:49

lot of ways to make money in the

0:50

industry. Now they're pulling back on

0:52

the obvious ones where they're going to

0:53

continue to lose

Interactive Summary

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Trump Media recorded a significant quarterly loss of $238 million against $1.7 million in revenue, largely attributed to the devaluation of digital assets like Bitcoin and CRO held on its balance sheet rather than the core performance of the Truth Social platform.