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Trump Media posts $238 million loss as Trump's crypto pivot overwhelms media revenue

The president's company is selling faster access to posts from Trump and his administration while bitcoin and Cronos losses dwarf revenue from Truth Social.

By Ryan Merket · Published Aug 10th, 2026, 5:30pm CT

Primary source: CNBC

Why it matters

Trump Media is becoming a Trump-controlled asset and licensing vehicle whose results depend more on crypto prices and transactions than on Truth Social's advertising business.

Illustration of Trump Media showing large losses with Bitcoin and Cronos coins looming over a shrinking Truth Social revenue chart.

Kevin McGurn's first reporting quarter as Trump Media & Technology Group's interim chief executive ended with a $238.1 million net loss on just $1.67 million of revenue. The result exposes how President Donald Trump's publicly traded media company has become less an operating media business than a leveraged bet on crypto and securities prices.…

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