profitability

Requiring large, expensive capital assets, it is hard hit by a tax which targets the value of assets rather than their profitability.

“We believe that investing in other core areas of the business will help deliver stronger profitability.”

The entertainment business’ results were augmented by another quarter of profitability for the company’s streaming business, which includes Disney+, Hulu and ESPN+.

A spurt of profitability followed, but this year is looking to be once again in the red.

Neither the surges nor the crashes appear tied to any actions taken by the business, financial filings, or optimism in Truth Social’s future profitability.