DJT Stock Plunges 7.55% on Q3 Net Loss Widening to $54.8M, Revenue Falls 3.8% YoY

The share price fell to its lowest level since September 2024 today, with an intraday decline of 4.73%.

Trump Media & Technology Group (DJT) has seen its stock drop 7.55% over two days, driven by a widening third-quarter net loss of $54.8 million and a 3.8% year-over-year revenue decline to $972,900. The company’s financial struggles stem from surging legal costs—$20.3 million in Q3—and operational expenses outpacing revenue. A partnership with Crypto.com to accumulate the platform’s native token, CRO, has added crypto exposure, but gains from Bitcoin-related securities options ($15.3 million) and interest income ($13.4 million) failed to offset losses. The stock’s volatility remains tied to retail investor sentiment and the company’s reliance on Donald Trump’s political influence for user engagement on its Truth Social platform.

The firm’s lack of transparency in user metrics, such as daily or monthly active users, further complicates its ability to attract advertisers. Unlike peers, Trump Media does not disclose such data, creating uncertainty for investors. Broader risks include regulatory scrutiny of its crypto initiatives and political dynamics affecting Trump’s public presence. With leadership under CEO Devin Nunes and a speculative stock tied to short-term momentum, the company faces structural challenges in transitioning to a sustainable business model. As the 2028 election cycle looms, its long-term viability will depend on balancing crypto-driven gains with operational stability and navigating an unpredictable political landscape.