Trump Media & Technology Group (NASDAQ: DJT) reported second-quarter 2026 revenue of approximately $1.7 million, representing a 92% sequential increase from the first quarter of 2026.
The company also recorded an 89% year-over-year revenue gain compared to the same period in 2025, signaling early but meaningful commercial traction across its platforms.
Revenue growth was driven primarily by barter advertising services on Truth Social, subscriptions to the Patriot Package through the beta launch of Truth+, and management fees from Truth.Fi ETF offerings.
Despite the revenue progress, Trump Media posted a net loss of $238 million for the quarter, driven largely by non-cash mark-to-market losses on Bitcoin and related securities holdings.
Total operating expenses reached $165.2 million in Q2, down 44% sequentially from the prior quarter but roughly 270% higher compared to the same period a year earlier.
The earnings call, held on August 10, 2026, featured remarks from General Counsel and Secretary Scott Glabe, Interim CEO Kevin McGurn, and CFO and Treasurer Phillip Juhan, with no live Q&A session offered to participants.
Glabe opened the call by noting it was the company’s inaugural earnings call covering the period ending June 30, 2026, and reminded attendees that forward-looking statements carry inherent risks and uncertainties.
CFO Juhan flagged that legacy legal costs tied to the 2024 SPAC merger have been largely resolved, though he cautioned that “given the timing of the settlement in July, we can expect some additional legacy expenses in the third quarter.”
Management also addressed the proposed merger with TAE Technologies, with Interim CEO McGurn noting that “the SEC process introduces other types of variables” regarding the specific timeline for deal completion.
On the product side, the company launched Truth API on August 1, a business-to-business data feed subscription offering licensed, low-latency access to publicly available posts from certain top Truth Social accounts.
Management described Truth API as part of a broader strategy to monetize proprietary platform data and diversify revenue streams beyond traditional digital advertising models.
The company indicated it is pursuing a disciplined digital asset treasury framework as part of its longer-term financial strategy, reflecting a growing trend among technology-adjacent firms allocating capital to crypto holdings.
With legacy SPAC-related legal expenses largely behind it, management suggested the company is now positioned to operate with a leaner cost structure heading into the second half of 2026.
