Trump Media's third-quarter net profit reached $409.7 million

According to TechFlow, on November 10, The Block reported that Truth Social parent company Trump Media and Technology Group posted a third-quarter net profit of $409.7 million, compared with a net loss of $54.8 million in the year-ago period.

The company said most of the profit came from non-cash realized and unrealized gains on digital assets, staked digital assets, and equity securities. Third-quarter revenue was $3 million, up 205% year over year, mainly driven by growth in Truth API subscription revenue.

Source: TechFlow