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Trump Media Posts First-Ever Quarterly Profit on Crypto Gains, Reports $409.7 Million Q3 Net Income

Trump Media Posts First-Ever Quarterly Profit on Crypto Gains, Reports $409.7 Million Q3 Net Income

Summary

  • Trump Media said it posted its first quarterly profit on the back of crypto-related gains.
  • It reported net income of $409.7 million in the third quarter and revenue of $3 million, though the article said the profit appeared to depend heavily on gains from held assets.
  • Trump Media’s share price has shown sharp volatility in line with U.S. political developments, and the company said it is expanding into financial products and cryptocurrencies.

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