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

On November 10, according to The Block, Trump Media and Technology Group, the parent company of Truth Social, reported a third-quarter net profit of $409.7 million, compared to a net loss of $54.8 million in the same period last year.

The company stated that the profit largely came from non-cash realized and unrealized gains on digital assets, staked digital assets, and equity securities. Third-quarter revenue was $3 million, a 205% year-over-year increase, primarily driven by growth in Truth API subscription revenue.