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Shares of Trump Media & Technology Group fell by 4% following a statement of losses in the second quarter.
By the close of trading on Friday, August 1, 2025, shares of Trump Media & Technology Group (TMTG), owned by U.S. President Donald Trump, fell by 3.8%. The reason was the report on the financial results for Q2 2025.
Later, in the pre-market, quotes partially recovered. However, on the weekly chart, there is a decline of more than 10%:
In the report, the company stated a net loss of $20 million on revenue of $0.9 million. Most of the losses — about $15 million — are related to legal costs associated with the merger of Trump Media & Technology Group with the specialized organization (SPAC) to go public.
This deal was initiated back in 2021. However, the final conclusion of the agreement has been delayed due to "certain legal and physical entities." The company expects that possible revenues in case of winning legal disputes with them will have a significant impact on its results in the future.
In addition, at the end of the quarter, Trump Media & Technology Group reported assets of $3.1 billion. The majority of this amount was raised by the company to purchase bitcoins.
In April 2025, TMTG had already hinted at the launch of a utility token within the Truth Social ecosystem. This is also mentioned in the report for the second quarter of 2025.
According to the documents, the developers of the social network are also considering the possibility of integrating AI-based features. However, it is not specified what exactly is being referred to.