Trump Media lost $19.2 million in the third quarter, election filings show

Trump mediawhich saw brisk trading activity on Tuesday as a possible indicator of Donald Trump's presidential chances, reported a third-quarter loss after Tuesday's closing bell along with a slight decline in already meager revenue.

Parent company Truth Social lost $19.2 million during this period. Revenue fell 5.6% to just $1.01 million compared to the same period last year. The filing was not telegraphed to investors in advance and came as a surprise to traders who did not expect it on Election Day, the very day the former president and majority owner of Trump Media is running against Vice President Kamala Harris.

Following the filing, shares rose more than 6% in after-hours trading. Earlier in the day, the stock gave up an 18.6% gain and closed 1.2% lower. Depending on the election results, stocks could move after hours or on Wednesday.

Trump Media, which trades under the ticker symbol DJT, has seen volatile trading recently. In the last week it has fallen by more than 34%. However, the value is still up 93% since the beginning of the year.

The stock's volume has more than doubled its 30-day average volume.

Trump Media also reported revenue of approximately $2.6 million and a net loss of $363 million for the first nine months of 2024. Additionally, the company boasted that it closed the third quarter with $673 million. Dollars in cash and investments and with no debt.

“This was an exceptional quarter for the company,” CEO Devin Nunes said in a statement. Trump Media continues to explore “additional growth opportunities.”

—Additional reporting by CNBC's Kevin Breuninger