Trump Media Q3 revenue triples to $3 million as Truth API and streaming add subscriptions

Trump Media & Technology Group reported third-quarter revenue of about $3 million, up 205% year-on-year, as income from its Truth API data-licensing product and Truth+ streaming service lifted the company’s topline.

Subscription revenue from Truth API and Truth+ reached around $1.8 million during the quarter. Truth API provides paid, low-latency access to public posts on Truth Social, creating a new business line beyond advertising and the social platform itself. Reuters has previously reported that customers include Bloomberg, Susquehanna International Group and Jump Trading, with contracts worth roughly $60,000 to $100,000 a month.

Trump Media also swung to net income of $409.7 million, compared with a loss of $54.8 million a year earlier. However, the profit was driven primarily by gains on cryptocurrency holdings and related securities rather than operating earnings from its media businesses.

The company continues to diversify beyond Truth Social. It has been expanding Truth+ as a streaming product and is also moving deeper into digital assets and financial services.

Trump Media additionally reiterated that its planned $6 billion merger with fusion-energy company TAE Technologies is expected to close during the current quarter.

Shares rose around 1% in extended trading following the results, although the stock remains down nearly 70% this year.

For the media business, the more interesting development is the early monetisation of social-platform data itself. Truth API turns public posts into a paid feed for financial and information-services customers, adding a B2B licensing layer alongside subscriptions, streaming and any future advertising revenue.

The quarter therefore shows a business that is broadening its revenue sources, but from a very small base: even after tripling year-on-year, quarterly revenue remains only about $3 million.