Trump Media reports $400 million in 2024 losses
Publishing timestamp: 2025-02-14 19:16:26
Summary
Trump Media & Technology Group reported a $400.9 million net loss for the full year, citing legal fees and a revenue-sharing agreement as reasons for the decline in revenue. The company's stock was down about 1% in extended trading after releasing its 2024 results, with revenue declining 12% year over year. Despite this, the company's stock nearly doubled in value in 2024, but is currently down about 11% year to date. Trump Media now has $776.8 million in cash and is exploring opportunities to partner, merge, or acquire other entities.
Sentiment: NEGATIVE
Keywords: technology, breaking news: technology, enterprise, breaking news: politics, meta platforms inc, politics, business news, business, earnings, trump media & technology group corp,
Source: https://www.cnbc.com/2025/02/14/trump-media-djt-earnings-report-2024.html