NASDAQ$DJT
Trump Media & Technology Group · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
TMTG completed business combination with Digital World Acquisition Corp and debuted as a public company.
TMTG reported $770,500 in revenue for the first quarter, with a GAAP loss of $327.6 million, which included $311.0 million in non-cash expenses. The company's cash and cash equivalents totaled $273.7 million as of March 31, 2024.
- Completed business combination with Digital World Acquisition Corp.
- Debuted as a public company and commenced trading on Nasdaq under the symbol DJT on March 26, 2024.
- Reported cash and cash equivalents of $273.7 million as of March 31, 2024.
- Signed first contracts for deployment of its TV streaming platform.
Headline financials
Revenue & EPS history
TMTG · Revenue · Quarterly
$771K
Forward guidance
TMTG is focused on long-term product development, aiming to develop best-in-class products that can be leveraged to increase revenue and drive long-term value.
Tailwinds
- Adding features to Truth Social
- Launching live TV streaming
- Building out its ecosystem
- Developing its own content delivery network
- Exploring potential mergers and acquisitions activities
Headwinds
- Forward-looking statements are subject to risks, uncertainties, and assumptions.
- Inability to accurately predict future events or control them.
- Potential material differences between actual results and expectations.
- New risk factors may emerge that cannot be predicted.
- Statements about the ability of TMTG to realize the benefits from the business combination
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q1 2024
-1.5%
Avg return
Earnings day
-1.7%
Avg return
5 days after
-0.0%
Avg return
30 days after
25%
3 / 12 earnings
Positive
+4.7%
Q3 2024
Best reaction
-13.2%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -0.8% | -8.3% | |
| Q4 2025 | +3.5% | +0.3% | -18.6% | |
| Q3 2025 | -1.7% | -5.2% | -14.8% | |
| Q4 2024 | +0.0% | +1.2% | +3.6% | |
| Q1 2025 | -1.0% | +3.5% | -16.9% | |
| Q3 2024 | +4.7% | -7.1% | -1.7% | |
| Q2 2024 | -5.5% | -9.0% | -35.1% | |
| Q1 2024 | -13.2% | -10.0% | -38.5% | |
| Q4 2023 | +0.0% | -1.5% | +116.0% | |
| Q3 2023 | -1.8% | +4.0% | -2.4% | |
| Q2 2023 | +0.3% | +6.9% | +18.6% | |
| Q4 2022 | -2.2% | -2.4% | -2.5% |
Discussion
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