Trump Media Q3 revenue triples on Truth API subscriptions; adjusted EBITDA loss narrows
Overview
US social media platform's Q3 revenue rose 205% yr/yr, driven by subscription and data licensing
Company posted Q3 net income of $409.7 mln, mostly reflecting non-cash gains on digital assets and equity securities
Adjusted EBITDA loss for Q3 narrowed to $12.3 mln
Outlook
Company expects to complete proposed merger with TAE Technologies in Q4 2026, pending approvals
Company plans to implement a more disciplined approach to managing digital assets in its treasury
Company aims to scale marketing and monetize proprietary assets via long-term data licensing products
Result Drivers
SUBSCRIPTION AND DATA LICENSING GROWTH - Revenue rose 205% yr/yr, primarily reflecting $1.8 mln of subscription growth from Truth API and Truth+, as well as $0.2 mln in Truth.Fi management fees
LOWER LEGAL FEES - Co said legal fees declined to $2.4 mln in Q3 from $20.3 mln a year earlier due to resolution of legacy legal matters
ASSET VALUATION GAINS - Net income included $496.1 mln in realized and unrealized gains on digital assets, pledged digital assets and equity securities, partly offset by a $54.0 mln derivatives loss
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $3 mln | ||
Q3 Net Income | $409.70 mln | ||
Q3 Adjusted EBITDA Loss | $12.30 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)