Crypto hides Trump Media operating loss as it posts $410M profit

Trump Media & Technology Group reported $409.7 million in net income for the third quarter of 2026, saying most of it reflected non-cash items, as gains on digital assets and equity securities drove the result. The company announced the results for the quarter ended Sept. 30 in its Nov. 9 earnings release , furnished with a Form 8-K . It reported combined net realized and unrealized gains on digital assets and pledged digital assets and equity securities of $496.1 million. Trump Media reported $3 million in quarterly revenue and a $12.3 million loss in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). The release's reconciliation and accompanying quarterly filing separately identify $378.1 million in realized and unrealized gains on digital assets and digital assets pledged, namely Bitcoin and Cronos.

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