CryptoSlate: Trump Media Reports Q3 Adjusted EBITDA Loss of $12.3 Million, Net Income Boosted by Investment Gains
According to CryptoSlate, Trump Media & Technology Group reported approximately $3 million in revenue for the third quarter, with an adjusted EBITDA loss of $12.3 million; net income for the same period came in at $409.7 million. The company disclosed that the combined realized and unrealized net gains from digital assets, staked digital assets, and equity securities totaled $496.1 million. The report emphasized that these accounting gains do not equate to quarterly cash inflows, nor does a positive net profit mean that operating metrics have turned profitable.
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