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Trump Media reports $16 million loss for quarter as revenue falls

PoliticsTrump Media reports $16 million loss for quarter as revenue falls


This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.

Stefani Reynolds | AFP | Getty Images

Trump Media, the social media company whose majority shareholder is former President Donald Trump, on Friday reported a net loss of more than $16 million for the most recent financial quarter.

Trump Media, which owns the Truth Social app often used by the former president, also reported lower revenues for the quarter ending June 30, compared to the same period last year.

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