Trump Media to Launch Utility Token and Explore Crypto ETFs After $20 Million Q2 Loss
Main Idea
Trump Media & Technology Group reported a $20M Q2 loss but showed growth in sales and operating cash flow, while announcing plans for a utility token and exploring crypto ETFs to expand into fintech.
Key Points
1. Trump Media & Technology Group (TMTG) reported a net loss of $20 million in Q2 2025, up from $16.4 million, with shares dropping by 3.8%.
2. Despite the loss, TMTG saw a 5.5% year-over-year increase in net sales, reaching $883,300, and generated $2.3 million in positive operating cash flow.
3. The company announced plans to launch a utility token tied to its Truth Social and Truth+ platforms as part of its fintech expansion strategy.
4. TMTG is exploring the creation of crypto ETFs to support its broader fintech initiatives.
5. Non-cash charges, including $20.5 million from stock-based compensation and depreciation, contributed significantly to the quarterly loss.
Description
Trump Media posts $20M Q2 loss despite rising sales and positive operating cash flow. Truth+ expands globally with new features, digital wallet, and AI-driven tools in beta. TMTG plans utility token and explores crypto ETFs to support fintech expansion. Trump Media & Technology Group (Nasdaq, NYSE Texas: DJT), the company behind Truth Social, reported a net loss of $20 million for the second quarter of 2025, according to its 10-Q filing. The figure is an increase from the $16.4 million loss repo...
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