Trump Media cashes in on high-speed access to social media posts

Trump Media & Technology Group reported a third-quarter profit on Monday, with revenue soaring 205% to $3.0 million from $1.0 million a year earlier, according to Reuters and the company's Yahoo Finance-published earnings release. The growth was fueled by Truth API, a subscription-based data feed launched August 1, 2026, that provides licensed, low-latency access to publicly available Truth Social posts. Truth API and the Truth+ streaming platform together added $1.8 million in subscription revenue, accounting for the bulk of the increase. Reuters reported last month that Truth Social has signed Bloomberg, Susquehanna International Group and Jump Trading as customers, with subscribers paying between $60,000 and $100,000 a month for faster access to Truth Social posts.

The company recorded $409.7 million in net income for the quarter ended September 30, compared to a net loss of $54.8 million a year earlier. Yahoo Finance reported that the bulk of net income reflected non-cash items, including net realized and unrealized gains on digital assets, digital assets pledged, and equity securities of $496.1 million, partially offset by losses on derivatives, accreted interest expense, stock-based compensation and investment expenses, resulting in a $12.3 million Adjusted EBITDA loss. Legal fees declined to $2.4 million from $20.3 million a year earlier as legacy legal matters were resolved.

Trump Media, founded by US President Donald Trump, is in the process of merging with TAE Technologies in a $6-billion pivot toward fusion energy. Reuters reported the company reiterated the deal would close in the current quarter. Yahoo Finance said the SEC declared the merger's Form S-4 registration statement effective on November 5, 2026, and a special shareholder meeting is set for December 14, 2026, for shareholders of record as of November 2, 2026. Completion remains subject to shareholder and regulatory approvals.

Interim CEO Kevin McGurn said on a post-earnings call that the company's focus on business fundamentals is paying off and that its commitment to building independent, uncancellable media technology remains unwavering. Trump Media shares have fallen nearly 70% this year, including a roughly 32% decline since Democrats won control of the House and Senate in the midterm elections, Reuters reported.