Truth Social Parent Reports $401 Million Loss In 2024

Bloomberg News reports:

Trump Media & Technology Group Corp. rewarded employees with more than $107 million in stock last year as revenue declined and it posted a $401 million loss, according to an annual report posted after markets closed Friday.

Revenue slipped more than 12% to $3.6 million while its annual loss swelled more than six-fold. The results boosted the venture’s accumulated deficit to $2.9 billion.

Despite losses, the company’s shares trade akin to so-called meme stocks that move independently of underlying financial results. The price almost doubled last year as the 45th US president successfully campaigned to retake the White House.

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Trump Media generated $3.6 million in revenue, with a $400 million net loss. Shares fell 1% on the news. There isn’t one sentence in here that makes sense. https://t.co/K1HSBFed8k

— Eric Nelson (@literaryeric) February 15, 2025

Trump Media’s Losses Spiked Last Year On $3.6 Million In Saleshttps://t.co/0Ys28cruil pic.twitter.com/jcupvFHCQ2

— Forbes (@Forbes) February 15, 2025