Donald Trump’s media company, Trump Media & Technology, which owns the Truth Social platform favored by the former president, reported a $238 million loss in the second quarter ending June 2026. The company disclosed that these losses occurred amid ventures into new areas such as cryptocurrency and online betting.

Kevin McGurn, the company’s new chief executive, stated during a conference call that after a yearlong effort to expand into these sectors, the company will now refocus its efforts on social media. Additionally, Trump Media announced a paid service offering early access to the president’s posts on policies via the Truth Social platform.

The company’s financial results and strategic shift were reported on Monday, August 10th, 2026, reflecting ongoing adjustments in its business model.

Sources