Trump's company announced a profit for the first time

Trump Media & Technology Group, the social media company controlled by U.S. President Donald Trump, reported its first quarterly profit since going public, posting $409.7 million in net income for the third quarter, a result driven largely by gains on cryptocurrency and digital asset holdings. Despite the swing to profitability, the company's shares have fallen roughly 70% since the start of the year, reflecting investor skepticism about its core business. The profit marks a milestone for a company whose revenue has lagged its valuation, and the crypto contribution raises questions about how sustainable the earnings are. Investors will watch whether the company can generate consistent operating income beyond digital asset gains and how the stock reacts to the first profit in its public-market history.