Trump Media Revenue Triples on Data Licensing
Trump Media & Technology Group's third-quarter revenue more than tripled year over year, driven by its Truth API data-licensing business.
Updated on Nov. 9, 2026 in Economic Indicators
Trump Media & Technology Group reported third-quarter revenue that more than tripled from a year earlier, reaching $3.0 million. The growth was driven by Truth API, a subscription-based data feed that provides licensed access to publicly available Truth Social posts.
Why it matters
The results show that Trump Media is pursuing revenue beyond its social platform by selling licensed access to its post data. Net income of $409.7 million, mostly from gains in digital assets and investments, contrasts sharply with a net loss of $54.8 million a year earlier.
Trump Media's third-quarter filing shows quarterly revenue of $3.0 million, up 205% from a year earlier, with Truth API contributing $1.8 million in subscription revenue. Net income of $409.7 million, mostly from digital asset and investment gains, compares with a $54.8 million net loss a year earlier, and the filing does not address how much of the revenue will recur.
The players
Trump Media & Technology Group
The parent company of the Truth Social platform, a social media company founded by former President Donald Trump.
Bloomberg
A global financial data and media company that is among the named Truth API customers.
Susquehanna International Group
A privately held global quantitative trading firm that is among the named Truth API customers.
Jump Trading
A proprietary trading firm that is among the named Truth API customers.
The details
Truth API is a subscription-based feed giving licensed, low-latency access to publicly available Truth Social posts, and Bloomberg, Susquehanna International Group, and Jump Trading are named as customers. Subscribers pay between $60,000 and $100,000 a month for faster access to the posts.
Timeline
Earlier in 2026: Trump Media launched Truth API.
Last month (October 2026): Reuters reported on Truth Social's Truth API customers.
Quarter ended September 30, 2026: Third-quarter revenue more than tripled year over year.
November 9, 2026: Trump Media reported its third-quarter results.
Market Dynamics
Trump Media's Truth API, launched earlier in 2026, is now producing a measurable revenue stream from licensing social media post data to trading and financial firms. The results suggest that licensing of platform data to financial customers is emerging as a revenue source for social media companies alongside advertising and subscriptions.
For ordinary readers, the Truth API story signals that the data people post on social platforms can be packaged and sold to trading firms at high prices. Consumers using Truth Social see no change in access from this report, since the feed is sold to paying institutional subscribers.
The takeaway
Revenue from licensing platform data can grow quickly, but investors should check how much of the income is recurring versus one-time. Reading the quarterly filing alongside the net income figures helps separate operating results from gains in digital assets and investments.
Further reading
For broader context on the metrics used to track business and market activity, see Economic Indicators.
