Donald Trump's media company lost more than four hundred times more money than it made from January to March this year.

The quarterly report from Trump Media and Technology Group (TMTG) showed the company had $US870,000 ($A1.2 million) in revenue in the first three months of the year.

At the same time it reported a $US406 million ($A560 million) net loss.

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But despite the colossal losses, its interim CEO Kevin McGurn is bullish.

"Trump Media is using its strong balance sheet and positive operating cash flow to continue growing all our businesses and platform infrastructure," he said.

"Truth Social remains a bastion of free speech with innovative enhancements coming soon."

Most of the company's shares are still owned by President Trump himself.

The bulk of the losses come from massive purchases of Bitcoin for a "treasury" to be held by the company. 

TMTG bought $3.5 billion in Bitcoin midway through last year.

Since that time, the value of Bitcoin has crashed.

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The centrepiece of the company is Truth Social, the social media site created when Donald Trump was banned from Twitter and Facebook.

Truth Social was touted as a conservative alternative to other social media sites, but it has attracted few prominent users save for Trump himself.

Today's statement said the company is looking to expand into prediction contracts and more use of AI.

Video streaming platform Truth+ has also not connected with a wider audience.

The platform bills itself as showing "non-woke movies, live TV, Christian content, and more".

Today's report comes out weeks after CEO Devin Nunes suddenly left the business.

Trump Media and Technology Group (TMTG) was valued at $US10 billion ($14 billion) when it first went public in March 2024. 

Now it is valued at a fraction of that.

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Part of Australia's east coast might be in for a wet week with a string of rainy days expected for parts of NSW and Queensland.

Despite a dry, yet cold start to the month, the drizzly conditions are due to roll in, potentially bringing multiple wet days to Sydney and Brisbane as onshore winds mix with abnormally warm sea temperatures.

Those conditions are set to change as a high-pressure system moves across the Tasman Sea, bringing easterly winds towards the east coast.

While the weather pattern is not expected to bring widespread rain or heavy conditions, it is expected to extend to parts of Queensland and NSW.

These conditions are caused by the warm water off the east coast, causing a higher chance of rainfall.

The Bureau of Meteorology has issued a hazardous surf warning for the Hunter Coast and Sydney Coast today, stating that surf and swell conditions are expected to be hazardous for water activities such as swimming, fishing and boating.

Strong wind warnings are also in place today for NSW's Eden Coast.

In Queensland, strong marine wind warnings have been issued for the Peninsula Coast, Cooktown Coast and Cairns Coast.

Those warnings are set to remain in place until tomorrow.

The conditions come a week after a polar blast across the nation's south-east brought year-low temperatures and snow to several states.

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