Trump Media 2025 Q3 Earnings Net Loss Surges 185% Amid Strategic Shifts

Trump Media (DJT) reported a wider-than-expected third-quarter loss and declining revenue, missing expectations amid soaring costs. The company outlined a strategic focus on digital assets and M&A but provided no specific revenue guidance, emphasizing long-term positioning over near-term metrics.

Revenue

The total revenue of Trump Media decreased by 3.8% to $972,900 in 2025 Q3, down from $1.01 million in 2024 Q3.

Earnings/Net Income

Trump Media's losses deepened to $0.20 per share in 2025 Q3 from a loss of $0.10 per share in 2024 Q3 (100.0% wider loss). Meanwhile, the company's net loss widened to $-54.85 million in 2025 Q3, representing a 185.0% increase from the $-19.25 million loss recorded in 2024 Q3. The Company has sustained losses for 3 years over the corresponding fiscal quarter, highlighting ongoing financial headwinds. The EPS decline reflects deteriorating profitability despite strategic initiatives.

Price Action

The stock price of Trump Media has edged down 0.00% during the latest trading day, has tumbled 14.52% during the most recent full trading week, and has plummeted 24.10% month-to-date.

Post-Earnings Price Action Review

The strategy of buying Trump Media (DJT) shares upon its revenue raise announcement and holding for 30 days showed poor performance over the past three years. The cumulative return was a significant loss of 58.95%, underperforming the market. This indicates that relying on earnings announcements for investment decisions was detrimental, suggesting a need for more robust criteria or a revised strategy.

CEO Commentary

Devin Nunes, CEO and President of Trump Media, highlighted the company’s strategic expansion and financial resilience, noting the growth of financial assets from $274 million in March 2024 to $3.1 billion by September 2025. He emphasized the robust infrastructure built through platform enhancements, partnerships (e.g., Crypto.com for CRO integration), and a bitcoin treasury strategy generating $61.1 million in year-to-date realized income. The CEO underscored the company’s second consecutive quarter of positive operating cash flow ($10.1 million) and its readiness to pursue mergers and acquisitions, targeting “crown jewel assets” to maximize shareholder value. He expressed optimism about legal victories and the potential for litigation resolution to improve future financial outcomes, while cautioning that ongoing legal costs from the 2024 SPAC merger remain a near-term challenge.

Guidance

The company outlined forward-looking plans to execute its M&A strategy, focusing on acquiring “one or more” high-value assets, and to launch Truth.Fi financial products in 2025. It expects continued income from its bitcoin treasury and CRO staking rewards, with the Trump Media Group CRO Strategy, Inc. poised to become the largest publicly traded CRO treasury company. Management anticipates further platform enhancements, including the rollout of Truth Predict for embedded prediction markets and expanded content on Truth+. Legal resolution of ongoing litigation is viewed as a potential catalyst for improved financial results. The guidance excludes specific revenue or EPS targets but emphasizes strategic positioning in digital assets, FinTech, and media expansion.

Additional News

Trump Media announced a partnership with Crypto.com to launch a treasury-style venture focused on accumulating CRO tokens, deepening its crypto industry ties. The company also revealed a $15.3 million gain from Bitcoin-related security options premiums in Q3 and a $13.4 million interest income from financial investments. Legal expenses surged to $20.3 million in the quarter, underscoring the financial strain from ongoing litigation tied to its 2024 SPAC merger.