Trump Media drops 8% to 2-week low before Q2 earnings

Trump Media & Technology Group shares fell 8 percent to $9.39, a two-week low, ahead of the company's second-quarter earnings report due after Monday's close.

The stock trades at a premium to its estimated intrinsic value of $8.49 per share, according to Simply Wall St's discounted cash flow analysis, implying roughly 20 percent downside from current levels. The stock also trades at 2.3 times book value, more than double the Interactive Media and Services industry average of 1.1 times.

Trump Media's market capitalization stood at $2.55 billion intraday. The company, parent of the Truth Social platform, has not introduced new revenue drivers during the quarter, leaving it reliant on advertising revenue that totaled $3.7 million in 2025. Trump Media lost $712 million last year, more than half from unrealized losses and digital asset investments. Trailing twelve-month revenue was $3.73 million with a net loss of $1.09 billion and diluted EPS of negative $4.13.

President Donald Trump's stake in the company is worth about $1 billion, according to Forbes estimates. His net worth fell nearly $100 million Monday to $6.4 billion. The stock remains well above its 2026 low of about $7 per share reached in July but has fallen roughly 80 percent since going public in early 2024 at $70.90 per share on the Nasdaq.

Trump Media launched Truth API on Aug. 1, which provides early access to posts from high-ranking Truth Social accounts, including Trump's, for a reported cost of up to $100,000 a month. The service could support the company's limited revenue streams in future quarters.

Truth Social has faced a 36 percent decline in monthly visitors from a year ago, according to The New York Times, citing analytics firm SimilarWeb. The platform averaged 28 million monthly visits in the first seven months of 2025.

Short interest stands at 16.55 million shares, or 10.23 percent of float, according to Yahoo Finance data. Insiders hold 42.75 percent of shares, with institutions at 21.20 percent. The stock's beta of 4.11 reflects its high volatility relative to the broader market.

The company's Q2 earnings call is scheduled for 5 p.m. EDT Monday. Investors will watch for updates on Truth API adoption and any progress on the company's digital asset strategy, including its bitcoin treasury and Truth.Fi financial services brand. The stock's 50-day moving average sits at $8.81, with the 200-day average at $10.69, suggesting near-term support levels are being tested. The earnings report will be the first test of whether the Truth API launch can begin to close the gap between the company's valuation and its underlying cash flows.

This article is for informational purposes only and does not constitute investment advice.