Trump Media & Technology Reports Revenue Growth and Advances Fusion Energy Merger
Trump Media & Technology (DJT) reported significant third-quarter 2026 growth, highlighted by a 78% sequential increase in revenue to $3 million. This growth was primarily driven by the launch of Truth API, a B2B data subscription service providing institutional access to Truth Social content. The company also noted a substantial reduction in legal expenses, which dropped from over $20 million to $2.4 million. Strategically, the company is managing nearly $1 billion in convertible debt using its $2.3 billion in gross financial assets, aiming to avoid shareholder dilution. Furthermore, Trump Media is moving forward with a merger involving TAE Technologies to expand into the fusion energy sector, targeting power solutions for data centers. A shareholder vote regarding this merger is scheduled for December 14, 2026.
Tickers: $DJT
Topics: Data Subscriptions Debt Management Mergers and Acquisitions Q3 Earnings Revenue Growth