Trump Media's revenue more than triples in third quarter
DJT•Trump Media & Technology Group's third-quarter revenue rose 205% to $3.0 million, including $1.8 million from Truth API subscriptions. Net income was $409.7 million, compared with a $54.8 million loss a year earlier, mostly due to gains in the value of digital assets and investments.
1. Revenue and net income
Trump Media & Technology Group reported third-quarter revenue of $3.0 million, up 205% from a year earlier. Net income was $409.7 million, compared with a net loss of $54.8 million in the same quarter last year, mostly due to gains from increases in the value of its digital assets and investments.
2. Truth API subscriptions
Truth API generated $1.8 million in subscription revenue, making it the company's largest growth driver. Launched earlier this year, the service provides licensed, low-latency access to publicly available Truth Social posts. Truth Social has signed Bloomberg, Susquehanna International Group and Jump Trading as customers, with subscribers paying between $60,000 and $100,000 a month for faster access to posts.
