Trump Media shares fell sharply after US and Israel strikes targeted Iran-linked sites, with reports of roughly 800 casualties and missile fire from Hezbollah. Heightened tensions prompted US embassies to suspend services and stoked concerns over regional stability and energy supply disruptions.

The company posted $3.7 million in revenue for 2025 and recorded a net loss of $712 million, driven primarily by unrealized digital-asset writedowns. Fourth-quarter results showed a $2.37 per share diluted loss on about $1 million in sales, while operating cash flow turned positive, aided by $44 million from a Bitcoin options strategy.

Management confirmed negotiations to spin off Truth Social into a separate publicly traded entity via a merger with Texas Ventures Acquisition III. The legacy media business is pursuing a distinct $6 billion merger with fusion power developer TAE Technologies to diversify its strategic portfolio.

Shares have declined steadily over the past year from the mid-$20s to just above $10, hitting a 52-week low of $9.89 in February. Recent rebounds have been limited, with the stock down about 2.6% on the latest trading session.