Trump Media & Technology Group Corp. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Trump Media and Technology Group (TMTG) Q2 2026 Earnings Summary

Period: Quarter ending June 30, 2026 (Inaugural earnings call). This reflects a transitional period focused on the proposed TAE Technologies merger, digital asset treasury management, and media platform growth.

Financial Highlights

  • Revenue: $1.7 million, up 92% sequentially from Q1 2026 and 89% year-over-year from Q2 2025. Growth driven by barter advertising on Truth Social, Patriot Package subscriptions (Truth+ beta), and Truth.Fi ETF management fees.
  • Operating Expenses: $165.2 million, down 44% sequentially from Q1 2026 but up ~270% year-over-year from Q2 2025. Primary drivers: digital asset mark-to-market volatility and legacy SPAC litigation costs.
  • Digital Asset Loss: $116.6 million (primarily from ~13% Bitcoin price decline to ~$58,800 from ~$67,800 at end of Q1 2026).
  • Investment Loss: $71.8 million (unrealized losses on Bitcoin-related securities like IBIT, down 34% sequentially; share price fell to $33.29 from $38.42).
  • Net Loss: $238 million, down 41% sequentially from Q1 2026 but up over 10x year-over-year due to non-cash digital asset impacts.
  • Adjusted EBITDA Loss: $223.5 million, down 42% sequentially; largely from $190.5 million in non-cash Bitcoin-related losses.

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Operator: Thank you for standing by. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to the Trump Media and Technology Group's Earnings Conference Call for the second quarter 2026. [Operator Instructions] I would now like to turn the call over to Scott Glabe, General Counsel. Thank you, sir. Please go ahead. Scott Glabe: Thank you. Good afternoon, and welcome to Trump Media and Technology Group's inaugural earnings call in which we will cover the period ending June 30, 2026. We appreciate everyone joining today. Before we begin, I'd like to remind everyone that certain statements made during today's call constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to our SEC filings for a discussion of these risk factors. Additionally, certain statements may include non-GAAP financial measures. These non-GAAP financial measures should be viewed in addition to and not as a substitute for our reported results prepared in accordance with U.S. GAAP. All non-GAAP financial measures referenced in today's call are reconciled in our earnings release to the most directly comparable GAAP measure. Joining me today are Kevin McGurn, our Interim Chief Executive Officer; and Phillip Juhan, TMTG's Chief Financial Officer. As previo

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