Fact Social’s operator, Trump Media and Expertise Group, reported a large web loss for the primary three months of 2026, and that it introduced in lower than $1 million in complete gross sales.
TMTG reported that it generated $871,200, up 6% yr over yr, within the first quarter whereas additionally reporting a $405.9 million web loss and a $387.8 million adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) loss for the primary quarter of 2026.
In accordance with an announcement from the corporate, the vast majority of the losses have been “non-cash losses together with unrealized losses on digital belongings, digital belongings pledged, and fairness securities ($368.7 million), accreted curiosity ($11.5 million), and stock-based compensation ($11.8 million).”
The embarrassing monetary information comes on the heels of Devin Nunes’ departure from the position final month. Nunes was a Republican and former U.S. Consultant from California who had served as CEO of TMTG since 2022.
Kevin McGurn, who beforehand labored at Hulu, Vevo, and T-Cellular, is now interim CEO.
Social media has been sharing its ideas on Trump Media’s poor numbers.
One particular person on X (previously Twitter) wrote, “I hate to say it, however no one actually makes use of Fact Social apart from Trump!”
Which is perhaps true, and will clarify why Donald Trump is up all hours of the night time happening Fact Social benders, posting every kind of deranged messages, sharing AI-generated slop and racist memes of his political rivals.
Different reactions embrace individuals simply saying “good” and wishing for the corporate’s continued downfall.
Welp.
You may see extra reactions beneath.
