Trump Media & Technology Group reports $405.9 million first-quarter net loss
Updated
Updated · MarketWatch · May 8
Trump Media & Technology Group reports $405.9 million first-quarter net loss
13 articles · Updated · MarketWatch · May 8
The loss widened from $31.7 million a year earlier, while revenue rose to $900,000 from $821,000.
The company said $368.7 million of the loss came from non-cash items, including unrealized losses on digital assets, pledged digital assets and equity securities.
Trump Media ended the quarter with $2.1 billion in cash and short-term investments, and said it is pursuing a merger with TAE Technologies expected to close in mid-2026.
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