TMTG Reports Full-Year 2024 Results

Core Viewpoint - Trump Media and Technology Group Corp. (TMTG) has reported strong financial results for 2024, ending the year with $776.8 million in cash and short-term investments, positioning the company for future growth and expansion across its platforms [2][7]. Financial Performance - TMTG had cash used in operating activities of $61.0 million in 2024, with significant legal expenses related to its merger with a special purpose acquisition company [6]. - The company reported net sales of $3.6 million and $11.6 million in net interest income, primarily from advertising initiatives and monetization tests [8]. Product Development - TMTG launched the Truth+ video streaming service in 2024, which is nearing the end of its beta testing phase and will feature a variety of content including news and family-friendly programming [3][4]. - The company is also rolling out its financial services and FinTech brand, Truth.Fi, which includes plans for investment vehicles aligned with America First principles [4][5]. Strategic Initiatives - TMTG aims to evolve into a holding company, exploring mergers and acquisitions across various industries to enhance its brand and technology [6]. - The company has attracted approximately 650,000 shareholders, indicating strong retail interest and support for its mission to provide alternatives to mainstream social media platforms [2].