05/21/2024

Trump Media Reports $771,000 Revenue for Q1 2024

It also experienced a net loss of $327.6 million

Trump Media & Technology Group, the parent company of Donald Trump's Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission.

The report is one of the first measures of company’s true financial health, since it debuted as a public company on the Nasdaq stock exchange in March, after completing a merger with a shell company, Digital World Acquisition Corp.

DJT shares were relatively flat in post-market trading following the release of the earnings report, which had not been highly publicized prior. The stock was down 5 percent at market close, with a share price of $48.

Please select this link to read the complete article from CNBC.