Trump Media Posts $410 Million Profit. Bitcoin Gains Did the Heavy Lifting
Summary
Trump Media reported a $409.7 million third-quarter profit, driven mainly by $496.1 million in gains on crypto assets and securities rather than its media business. Bitcoin rose about 42% during the quarter, and the company held roughly 15,649 BTC, some pledged to generate returns. Revenue was $2.97 million, while adjusted EBITDA remained negative at $12.3 million. Truth Social-related revenue rose 205% from a small base, but the company still recorded a $234.2 million net loss for the first nine months of 2026. Its earnings remain highly exposed to crypto price swings.
