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, mostly due to legal expenses, as well as consulting and licensing expenses.
Trump Media stock closed at $26.21 per share Friday afternoon, a decrease of .49%.
In its 10-Q filing Friday afternoon, Trump Media reported a loss of $16.37 million for the quarter ending June 30, compared to a $22.8 million loss for the same quarter in 2023.
Revenue for the most recent quarter was just $839,000, compared to $1.2 million for the same quarter last year.
Trump Media said it ended the quarter with $344 million in cash and cash equivalents, with no debt.
Persons:
Donald Trump, ”, “, Sen, JD Vance, Kamala Harris, Tim Walz
Organizations:
Trump Media, Trump, ” Trump Media, Revenue, Business, Company, Republican, Democratic, Minnesota Gov
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Ohio, November’s