Trump Media & Technology Group (DJT) has officially launched its Truth+ streaming platform globally. The rollout includes access to live TV channels and on-demand content across iOS, Android, web browsers, and connected TV platforms offered by Apple (AAPL), Roku (ROKU), and Amazon (AMZN).
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As part of this international expansion, Trump Media has partnered with Newsmax (NMAX). This deal integrates the Newsmax news channel into all international Truth+ apps and its web platform, aiding Newsmax’s global growth initiatives.
The partnership could help DJT attract conservative viewers globally. Moreover, the international launch allows Trump Media to tap into new markets across Europe and Asia, which could boost its ad revenue and subscription growth.
DJT’s Future Expansion Plans
Trump Media had started testing its global rollout in late June and plans to continue collecting feedback as it finalizes the platform’s performance across devices. Also, the company plans to extend Truth+ availability to LG (LPL) and Samsung (SSNLF) connected TVs once app approvals are secured.
Trump Media CEO Devin Nunes said the global launch reflects growing demand for “fresh perspectives” and aims to offer “non-woke reporting and commentary” to users worldwide.
Launch Follows $400M Share Buybacks
The global launch came shortly after Trump Media announced a $400 million stock repurchase program. This reflects the company’s confidence in its long-term strategy and commitment to shareholder value.
Is DJT Stock a Buy?
TipRanks’ Technical Analysis Tool rates DJT stock as Neutral on a one-day timeframe. This is based on seven Bullish, six Neutral, and nine Bearish signals.
Trump Media stock has gained 13.8% in the past three months.
