President Donald Trump’s media company, which operates his fringe social media platform Truth Social, reported a roughly $405 million net loss during the first quarter of 2026 and less than $900,000 in sales, according to a company earnings reportreleased Friday.
Despite Trump Media and Technology Group losing hundreds of millions during the first three months of 2026, the group’s interim CEO Kevin McGurn offered a vote of confidence in the company.
“Trump Media is using its strong balance sheet and positive operating cash flow to continue growing all our businesses and platform infrastructure,” he said in a statement.
“Truth Social remains a bastion of free speech with innovative enhancements coming soon, and I look forward to rapidly growing our Truth Social and Truth+ communities and building out these powerful, uncancellable platforms for free expression,” he continued.
The media group has incurred hundreds of millions in losses since its launch in 2021.
The poor earnings report comes weeks after Trump announced he was replacing the struggling company’s CEO Devin Nunes, a former Republican congressman from California….
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Typical business LOSS for Donald….
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