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Trump Media reports $238 million second-quarter loss amid crypto slide
The company said it has signed more than 10 customer agreements for its Truth API platform.
CNBC Earnings reports that Trump Media and Technology Group posted a $238 million loss in its second quarter, with the company pointing to weaker crypto conditions.
In its earnings update, TMTG said it has signed more than 10 customer agreements for Truth API, a service designed to provide faster access to President Donald Trump posts.
The company’s disclosure connects the quarter’s results to its technology offering and highlights its ongoing push to expand usage of Truth API as it continues to navigate shifting market conditions.