Overview
- Trump Media reported $972,900 in Q3 revenue and a $54.8 million net loss, while generating $10.1 million in positive operating cash flow and holding $3.1 billion in financial assets.
- The company accelerated its digital-asset push, investing roughly $2 billion in Bitcoin in July and acquiring 684.4 million CRO via $50 million in cash and $47 million in stock.
- Trump Media formed a venture with Crypto.com and Yorkville to create Trump Media Group CRO Strategy, Inc., described as a publicly traded CRO-focused treasury vehicle.
- Quarterly returns included $15.3 million from bitcoin-linked option premiums and $13.4 million in interest income, but non-cash asset markdowns outweighed those gains.
- Product updates tied to the crypto pivot included “Truth gems” convertible to CRO through Crypto.com, an AI-powered search rollout, Truth+ expansion to connected TVs, and a stated plan to launch a prediction market called Truth Predict.