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Trump Media Posts $54.8 Million Q3 Loss as Crypto Strategy Expands

Management is pivoting to a crypto‑treasury model centered on CRO tokens plus bitcoin, increasing exposure to digital‑asset volatility.

Overview

  • The company reported $972,900 in third‑quarter revenue, a 3.8% decline from a year earlier.
  • Operating cash flow totaled $10.1 million and financial assets stood at roughly $3.1 billion.
  • The $54.8 million net loss included $20.3 million in legal expenses and large non‑cash revaluations tied to digital assets and securities.
  • Trump Media formed a CRO treasury venture with Crypto.com and Yorkville and bought about 684.4 million CRO for approximately $50 million in cash plus $47 million in stock.
  • Truth Social introduced “Truth gems” that convert to CRO via Crypto.com and added upgrades such as an AI search tool and a proprietary content‑delivery network, as shares fell more than 3% to around $12.76.