{"id":7368,"date":"2024-11-05T23:05:22","date_gmt":"2024-11-05T23:05:22","guid":{"rendered":"https:\/\/finderica.com\/trump-media-loses-19-2-million-in-third-quarter-election-day-filing-reveals\/"},"modified":"2024-11-05T23:05:22","modified_gmt":"2024-11-05T23:05:22","slug":"trump-media-loses-19-2-million-in-third-quarter-election-day-filing-reveals","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=7368","title":{"rendered":"Trump Media loses $19.2 million in third quarter, Election Day filing reveals"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108050107\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign town hall meeting in Lancaster, Pennsylvania, on Oct. 20, 2024.<\/p>\n<p>Brian Snyder | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Trump Media<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>, which experienced a flurry of trading activity Tuesday as a possible proxy for Donald Trump&#8217;s presidency chances, revealed after the closing bell Tuesday a loss for the third quarter along with a slight drop in already-meager revenue.<\/p>\n<p>The Truth Social parent lost $19.2 million during the period. Revenue fell 5.6% to just $1.01 million from the year-earlier period. The filing was not telegraphed to investors beforehand and came as a surprise to traders not expecting it on Election Day, the very day the former president and Trump Media majority owner squares off against Vice President Kamala Harris.<\/p>\n<p>Shares were slightly higher in after-hours trading following the filing. Earlier in the day, the stock gave up an 18.6% surge to close 1.2% lower. The shares could move in the after hours or on Wednesday depending on the election results.<\/p>\n<p>Trump Media, which trades under the ticker DJT, has seen volatile trading lately. Over the past week, it is down more than 34%. However, it is still up 93% year to date.<\/p>\n<p>Volume in the name on Tuesday more than doubled its average 30-day volume.<\/p>\n<p>Trump Media also reported about $2.6 million in revenue and a net loss of $363 million for the first nine months of 2024. On top of that, the company boasted that it ended the third quarter with $673 million in cash and investments, along with no debt.<\/p>\n<p>&#8220;This has been an extraordinary quarter for the Company,&#8221; CEO Devin Nunes said in a statement. Trump Media is continuing to &#8220;explore additional possibilities for growth.&#8221;<\/p>\n<p><em>\u2014 Additional reporting by CNBC&#8217;s Kevin Breuninger<\/em><\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Don&#8217;t miss these energy insights from CNBC PRO: <\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/11\/05\/trump-media-loses-19point2-million-in-third-quarter-surprise-election-day-filing-reveals.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign town hall meeting in Lancaster, Pennsylvania, on Oct. 20, 2024. Brian Snyder | Reuters Trump Media, which experienced a flurry of trading activity Tuesday as a possible proxy for Donald Trump&#8217;s presidency chances, revealed after the closing bell Tuesday a loss for<\/p>\n","protected":false},"author":1,"featured_media":7369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[811,717,314,2114,1198,156,2115,2116,563],"class_list":{"0":"post-7368","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-day","9":"tag-election","10":"tag-filing","11":"tag-loses","12":"tag-media","13":"tag-million","14":"tag-quarter","15":"tag-reveals","16":"tag-trump"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7368"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/7369"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}