On 10 November U.S. time, Trump Media & Technology Group shares rose following the earnings announcement. The stock reached an intraday high of $4.64, and the gain was approximately 10% near the close. President Trump's assets also increased by approximately $34 million.
On 10 November U.S. time, Trump Media shares rebounded sharply after the company announced its first quarterly profit since going public, rising more than 14% at one point in morning trading to reach $4.64 before trading around $4.43 in the afternoon. The stock was up approximately 9% on the day.
As of the afternoon of the same day, President Trump's assets had increased by $34 million to an estimated total of approximately $6.3 billion. This represented only a partial recovery of the decline in his assets following the midterm elections, and they had not fully recovered.
On the 9th, the company reported its first quarterly profit since going public. Net income for the three months through September was approximately $49.7 million, while revenue tripled year on year to approximately $3 million. Trump API and other services contributed to core subscription revenue, although the services had also been criticized over potential securities-law issues.
The share-price rise was driven by the announcement of higher revenue and a profit, while some viewed the stock as having not fully recovered from its post-midterm-election decline.
(This article is based on a summary of the original Forbes JAPAN article.)