Trump Media Posts $238 Million Loss, Launches Paid Data Feed

Trump Media & Technology Group recorded a $238 million net loss for the second quarter, more than ten times the figure from the same period a year earlier. Revenue reached $1.7 million, an 89 percent increase, yet the company remains unprofitable. The results coincide with the early-August launch of Truth API, a subscription service that supplies high-frequency trading firms with accelerated machine-readable delivery of posts from influential Truth Social accounts.

Ten or more customers, primarily high-frequency trading firms, have signed contracts at $60,000 to $100,000 per month, according to interim chief executive Kevin McGurn. The company projects the service will generate between $7 million and $12 million in annual recurring revenue. Executives stated they are narrowing focus to the core social-media platform after earlier moves into cryptocurrency holdings, clean-energy investments, and other areas.

The quarterly loss included $190.4 million in non-cash unrealized declines on cryptocurrency positions, per the company’s regulatory filing. Trump Media ended the quarter with roughly $2 billion in total assets, nearly all of them financial holdings that include cash, short-term investments, and digital currencies. Shares closed at $9.39 on the day of the earnings release, down 8 percent.

McGurn described paid data feeds as standard practice for trading desks and said the company is also speaking with news organizations, technology firms, and betting markets about possible uses. The service provides faster structured access after posts appear publicly on the platform. A bill introduced in the Senate on August 3 would restrict prioritized access to government officials’ social-media data.

The company has reported cumulative losses exceeding $1 billion since early last year and faces $1 billion in debt agreements with repayment provisions that become active November 30.