Trump Media and Technology Group reported a third-quarter profit of $409.7 million, powered largely by digital asset gains and a high-speed data feed for Wall Street traders.
Revenue surged 205% in the third quarter, which the company stated was primarily driven
by selling a high-speed feed of posts on Truth Social, according to NBC News reporting.
The service, called the Truth API, charges news organizations, Wall Street trading firms, and other services between $60,000 and $100,000 per month for direct, low-latency access to social network posts. Subscription expansion helped top-line revenue rise 78% sequentially to $3 million, Yahoo Finance noted during management’s earnings presentation.
In July, Trump Media announced the high-speed feed offering, stating it would allow real-time access to posts from the highest-ranking Truth Social accounts.
The company acknowledged that the service could prove highly valuable to trading firms.
At the time, Trump Media interim CEO Kevin McGurn pointed out that financial markets already react to Truth Social updates, noting that automated high-frequency trading operations—which demand machine-friendly, low-latency data streams instead of manual monitoring—might find purchasing the feed advantageous.
Bloomberg and two Wall Street trading firms signed up for the service after it went live in August. In October, NBC News received no comment from Bloomberg, while the remaining two companies failed to respond to inquiries.
The parent company of Truth Social swung to a profit of $409.7 million for the third quarter, compared with a loss of $54.8 million during the same period a year earlier. The quarterly profit was driven by a $496.1 million gain on digital assets and equity securities, offset partially by other non-cash costs, according to The Wall Street Journal.
This financial shift arrived ahead of the company’s planned merger with TAE Technologies, a fusion energy developer focused on power solutions for data centers. During the earnings call, interim CEO Kevin McGurn outlined the firm’s balance sheet strategy regarding its debt and assets.
As we stated earlier, we’ve got $2.3 billion of assets on the books and our current thinking is using a mix of cash and credit to repay the notes.
Management is monitoring debt-settlement terms, recurring revenue growth, and vote execution for the upcoming energy merger through year-end.
Critics have condemned the Truth API as an attempt to profit directly from President Donald Trump’s posts. Two Democratic senators, Elizabeth Warren of Massachusetts and Adam Schiff of California, characterized the feed as an outrageous abuse of the President’s office for his personal benefit.
The lawmakers previously asked the Securities and Exchange Commission to determine whether the proposed arrangement would violate applicable federal securities laws.
President Trump’s revocable trust is the largest single shareholder of Trump Media, owning more than 41% of the company according to S&P Capital IQ data. A June filing with the SEC stated that Donald Trump Jr. was the sole trustee and has sole voting and investment power
over the trust’s holdings.
When asked on CBS News’ “60 Minutes” whether he was using the presidency to enrich himself, Trump responded regarding his net worth.
Trump added that his son watches over his money, stating that he does not even talk to him about it. Trump Media’s stock, trading under the symbol DJT, closed at $4.06 on Monday, resulting in a market valuation of $1.13 billion.
