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Trump Media Q3 revenue triples on Truth API subscriptions; adjusted EBITDA loss narrows

By Reuters News


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


Reuters Recommended Reads

  • Nov 9 - Israel's Monday.com Q3 revenue rises 19%

  • Nov 6 - Canada's Constellation Software Q3 revenue slightly beats estimates on acquisitions


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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