NASDAQ$DJT
Trump Media & Technology Group · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
TMTG reported Q3 2024 results, ending the quarter with $673 million in cash/investments and no debt. The company activated its proprietary TV content delivery network and released Truth+ TV streaming apps.
TMTG reported $1.0 million in revenue and a net loss of $19.2 million for the third quarter of 2024. The company's cash, cash equivalents, and short-term investments totaled $672.9 million with no debt. TMTG launched its Truth+ TV streaming platform and is exploring further growth avenues including mergers/acquisitions.
- Ended Q3 with $672.9 million in cash/investments and no debt.
- Activated proprietary TV content delivery network in multiple nodes across the nation.
- Released Truth+ TV streaming apps for iOS, Android devices, and connected TV sets.
- Exploring further growth avenues including mergers/acquisitions.
Headline financials
Revenue & EPS history
TMTG · Revenue · Quarterly
$1.01M
Forward guidance
TMTG believes it has laid the foundation for Truth+ to become a major driver of long-term earnings and shareholder value, and for TMTG to robustly expand its ecosystem beyond the social media component of the Truth Social platform. With its strong balance sheet anchored by a robust cash balance and zero debt, the Company believes it has sufficient working capital to fund operations for the foreseeable future.
Tailwinds
- Truth+ TV streaming platform is expected to become a major driver of long-term earnings and shareholder value.
- Company has a strong balance sheet with a robust cash balance and zero debt.
- Company believes it has sufficient working capital to fund operations for the foreseeable future.
- Expansion of the ecosystem beyond the social media component of the Truth Social platform.
- Exploring additional possibilities for growth such as potential mergers and acquisitions.
Headwinds
- Forward-looking statements are subject to risks, uncertainties, and assumptions.
- Potential for actual results to differ materially from expectations.
- Inability to accurately predict future events.
- Lack of control over events that may occur in the future.
- Reliance on current expectations and projections about future events.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 11 quarterly earnings reports · overlaid with Q3 2024
-1.5%
Avg return
Earnings day
-1.7%
Avg return
5 days after
+0.7%
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 | -1.0% | -0.9% | — | |
| 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% |
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