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He still had more of the popular vote than Harris, it was just they were both less than 50% due to 3rd party votes. So neither had a "majority" of the vote.
So he still would have won, even under a purely popular vote based system.
Another thing it means is that if we had ranked choice voting, those 3rd party votes would be the deciding factor in who won the presidency.
If we had ranked choice and got rid of the electoral college*
A lot of those third party votes are in solid red or blue states where it wouldn't matter. Also a lot of the third party votes this time was for rfk and the libertarian Oliver, who wouldve probably went to trump so the outcome would probably be the same.