Kathmandu— Donald Trump’s media conglomerate, Trump Media & Technology Group (TMTG), reported a net loss of $238 million for the second quarter of 2026, despite generating $1.7 million in revenue. The filing with the US Securities and Exchange Commission (SEC) on Monday detailed significant unrealized losses related to digital assets as a primary driver of the shortfall, alongside accrued interest and stock-based compensation. While revenue increased by 89 percent compared to the same period last year, losses continue to exceed earnings for the company which includes Truth Social, Truth+, and Truth.Fi.

Financial Losses Mount

The majority of TMTG’s second quarter loss—$190.4 million—was attributed to unrealized losses on digital assets, pledged digital assets, and equity securities. Additional losses included $11.7 million in accrued interest and $8.1 million in stock-based compensation. These figures contributed to a total net loss of $644 million for the first half of 2026, against revenue of just $2.5 million.

Revenue Breakdown

Almost all of TMTG’s revenue during the April-June quarter came from its media segments, with $1.43 million generated through advertising and $179,500 from subscriptions. The company has expanded beyond social media into areas like cryptocurrency and a market intelligence service called Truth API, launched on August 1st.

Truth API Raises Concerns

TMTG’s new subscription service, Truth API, provides investors with faster access to posts on Truth Social, where Trump frequently shares announcements impacting policy issues such as tariffs and the US-Israel war on Iran. Ten companies have reportedly signed up for the service, paying between $60,000 and $100,000 per month in fees; however, this has raised conflict of interest concerns.

Platform Usage Declines

Despite Trump’s influence on the platform, Truth Social continues to lag behind competitors like X (formerly Twitter) and Facebook in terms of user numbers. Data from Similarweb cited by The New York Times indicated that visits to Truth Social were down by more than a third in July compared to the same period last year.

Shares of TMTG, trading under the NASDAQ symbol “DJT”, closed down 8 percent on Monday following the release of the financial results. The company has not commented on its plans to address the ongoing losses.

(With inputs from Al Jazeera)

Originally published on abcnews.com.np.