Trump Media Narrows 1Q Loss, Looks to Continue Expanding

Dow Jones
2025/05/10

By Connor Hart

President Trump's media company narrowed its loss in the first quarter and said its cash on hand should provide it with the necessary runway to tackle its expansion plans.

Trump Media and Technology logged a loss of $31.7 million, or 14 cents a share, in the March quarter, compared with a loss of $327.6 million, or $3.61 a share, a year earlier. Last year's quarter included a $225.9 million charge tied to interest expenses.

Revenue for the March quarter rose to $821,200 from $770,500 a year earlier.

The company said it continued its focus on improving its existing platforms and diversifying into financial services during the recent quarter, in part citing the introduction of its Truth.Fi fintech and financial services brand, as well as its partnership with Crypto.com and Yorkville America Digital to develop a slate of customized exchange-traded funds and products.

Trump Media ended the quarter with $759 million of cash, cash equivalents and short-term investments. It said this liquidity, coupled with the company's low operating costs and cash burn rate, will allow it to continue work on its expansion plans and pursue potential mergers and acquisitions going forward.

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

May 09, 2025 17:51 ET (21:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10