Since its debut as a public company, Trump media has hit its highest highs and experienced significant losses. But now the company is in a rut…
And Trump media is betting that streaming will stop its losses dead in its tracks.
But how likely is it to pay off?
Trump Media’s Recent Losses
Currently, Trump Media is valued at $5 billion, yet that doesn’t account for its recent dramatic revenue loss.
The company reported they made $837,000 last quarter which is a 30% decline from last year’s stats.
Donald Trump, the chairman and biggest shareholder of the company also saw his stake halved since late March…
FALLING FROM $6.2 BILLION TO JUST $2.9 BILLION.
But Trump Media is planning to offset these losses through a new streaming platform, Truth+.
Truth+ will be home to TV shows that are “neglected by big corporations” or “at risk of cancellations.” The main content on the streamer will be shows, news, and “Christian content and family-friendly programming.”
The company is confident that this new streaming platform will be enough to cancel Trump Media’s underperformance…
But streaming is a hard game to get into, especially now.
