Trump Media Posts $410 Million Profit. Bitcoin Gains Did the Heavy Lifting

Trump Media & Technology Group reported a $409.7 million profit for the third quarter, reversing a $54.8 million loss a year earlier. The result was driven largely by gains in the value of its crypto holdings and investments, rather than its media business, highlighting how closely its finances are tied to asset prices.

The company recorded $496.1 million in gains on digital assets, pledged crypto and securities, including $378.1 million from digital assets and pledged coins. Bitcoin rose about 42% during the quarter, and Trump Media held roughly 15,649 Bitcoin at quarter-end. Revenue rose 205% to $2.97 million, but the company still had a $12.3 million adjusted EBITDA loss and a $234.2 million net loss for the first nine months of 2026; its shares were down 94.7% from their 2024 high.