Trump Media’s $409M Profit Dwarfs Its $3M Revenue

Trump Media and Technology Group reported a $409.7 million third-quarter profit, reversing a $54.8 million loss a year earlier, largely driven by non-cash gains on digital assets and equity securities. Trump Media and Technology Group reported net income of $409.7 million for the third quarter ended Sept. 30, a reversal from a $54.8 million loss a year earlier. The company generated just $3 million of revenue in the period, meaning the quarter’s profit was roughly 138 times its sales. The gap is explained by accounting. The company said the bulk of net income reflected non-cash items, chiefly gains on its digital assets and equity securities, rather than any sudden improvement in the underlying business.

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