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Trump Media (DJT) Just Soared 21% — This Propelled the Rally

Trump Media & Technology Group Corp. is on the AI Stocks Dominating List of Biggest Winners.

Trump Media & Technology extended its winning streak to a third consecutive day on Wednesday, soaring by 21.26 percent to close at $5.19 apiece, as investor sentiment was bolstered by its swing to profitability in the third quarter of the year.

During the period, Trump Media & Technology Group Corp. ended with a $409.7 million net income, reversing a $54.8 million net loss in the same period last year, reflecting non-cash items, including net realized and unrealized gains on digital assets, digital assets pledged, and equity securities, partially offset by realized and unrealized loss on derivatives, accreted interest expense, stock-based compensation, and investment expenses resulting in $12.3 million of Adjusted EBITDA loss.

Photo by Tima Miroshnichenko on Pexels

Revenues stood at $3 million, up 205 percent from $972,900 year-on-year, primarily driven by $1.8 million of subscription growth in the media segment from Truth API, its first data licensing product, which was launched on August 1, 2026, Truth+, and management fees in TruthFi ETF offerings.

“We’ve remained committed to capitalizing on our business fundamentals, and that focus is paying off,” Trump Media & Technology Group Corp. interim CEO Kevin McGurn said.

“Revenue grew 205% year-over-year on recurring subscription revenue, our cost structure is inherently leaner, and our balance sheet gives us real flexibility. With our S-4 effective and our special meeting set for December 14th, we are advancing an exciting new chapter for our shareholders. Our commitment to building independent, uncancellable media technology remains unwavering, while TAE’s groundbreaking innovations represent an extraordinary opportunity to advance American energy independence. Both reflect the power of American innovation and our commitment to creating long-term shareholder value,” he noted.

Trump Media & Technology Group Corp. is targeting to complete its proposed merger with TAE Technologies by the end of the year, subject to customary closing conditions, including approval of its shareholders.

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