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Trump Media And Technology Group’s Revenue Plunges 30 Percent In Q2 2024 On A Net Loss Of $16 Million

NewsTech

Published:

Despite announcing a spate of positive news in recent days, Trump Media and Technology Group (NASDAQ: DJT) shares are on watch for turbulence after announcing lackluster financial results for the second quarter of 2024. To wit, Trump Media earned just $836,900 in revenue for the recently concluded quarter, marking a decline of ~30 percent relative to $1.192 million in revenue that Truth Social's parent company recognized in the comparable quarter of 2023. On the positive side, the company reported a narrower net loss of $16.368 million vs. $22.768 million that it recognized as net loss in Q2 2023. Also, as […]

Read full article at https://wccftech.com/trump-media-and-technology-group-revenue-plunges-30-percent-in-q2-2024/

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