NEW YORK — The parent company of Donald Trump’s social networking site, Truth Social, lost $19.2 million last quarter, according to an earnings report released the same day he won back the presidency.

Trump Media and Technology Group reported Tuesday evening that much of that loss came from more than $12 million in legal fees, as well as a drop in revenue, according to the surprise report on Election Day results. Its stock price jumped on Wednesday, but that was more likely due to Trump losing to Vice President Kamala Harris to regain the presidency than its earnings outlook.

Trump created the company after being banned from Twitter and Facebook following the January 6, 2021, riot at the Capitol. Based in Sarasota, Florida, it is losing money and struggling to generate revenue.

Revenue for the three months ended September 30 was just over $1 million, down almost 6% from the previous year. Trump Media, based in Sarasota, Florida, has lost more than $363 million so far this year.

Trump Media said some of its costs were related to the launch of its new TV streaming service called Truth+.

CEO and former Republican U.S. Rep. Devin Nunes said in a statement that the company “continues to explore new growth opportunities,” such as mergers with other companies that “would benefit from technology and of Trump Media’s brand image.

The company said in a regulatory filing that its success depends in part on “the reputation and popularity of President Donald J. Trump.”