Trump Media reports $400 million in 2024 losses
Trump Media & Technology Group is worth almost $7 billion, but the company generated less than $4 million in revenue in 2024, according to a new filing.
Trump Media & Technology Group shares were down about 1% in extended trading on Friday after the operator of Truth Social released its 2024 results.
Here's how the company performed:
Earnings: Loss of $2.36 per share
Revenue: $3.6 million
The company's revenue declined 12% year over year, according to its annual report. The company saw its net loss widen to $400.9 million from $58.2 million in 2023.