Mega Matrix Inc. Announces 2024 Year-End Financial Results
Mega Matrix (MPU) reported strong financial results for fiscal year 2024, achieving record revenue of $36.2 million, with $31.6 million from membership and streaming services and $3.7 million from advertising. The Asia-Pacific region generated 44.89% of total revenue, while the US and Canada contributed 37.11%. The company posted a gross profit of $21.0 million with a 58.09% margin.
FlexTV's operational metrics showed 10.0 million active users and 1.0 million paying users, with ARPU at $3.15 and ARPUU at $31.22. The platform's content library expanded to 560 short dramas across 2,400 titles in 15 languages, including 90 self-produced shows. Strategic initiatives include a planned $100 million investment fund with 9Yards for short drama production and AI projects, plus a partnership with Telkomsel for Indonesian market expansion.
Mega Matrix (MPU) ha riportato risultati finanziari solidi per l'anno fiscale 2024, raggiungendo un fatturato record di 36,2 milioni di dollari, con 31,6 milioni di dollari provenienti da servizi di abbonamento e streaming e 3,7 milioni di dollari dalla pubblicità. La regione Asia-Pacifico ha generato il 44,89% del fatturato totale, mentre gli Stati Uniti e il Canada hanno contribuito per il 37,11%. L'azienda ha registrato un profitto lordo di 21,0 milioni di dollari con un margine del 58,09%.
I metriche operative di FlexTV hanno mostrato 10,0 milioni di utenti attivi e 1,0 milioni di utenti paganti, con un ARPU di 3,15 dollari e un ARPUU di 31,22 dollari. La biblioteca di contenuti della piattaforma è cresciuta a 560 drammi brevi su 2.400 titoli in 15 lingue, comprese 90 produzioni originali. Le iniziative strategiche includono un fondo di investimento pianificato di 100 milioni di dollari con 9Yards per la produzione di drammi brevi e progetti di intelligenza artificiale, oltre a una partnership con Telkomsel per l'espansione nel mercato indonesiano.
Mega Matrix (MPU) reportó resultados financieros sólidos para el año fiscal 2024, alcanzando ingresos récord de 36,2 millones de dólares, con 31,6 millones de dólares provenientes de servicios de membresía y streaming y 3,7 millones de dólares de publicidad. La región de Asia-Pacífico generó el 44,89% de los ingresos totales, mientras que Estados Unidos y Canadá contribuyeron con el 37,11%. La compañía reportó una ganancia bruta de 21,0 millones de dólares con un margen del 58,09%.
Las métricas operativas de FlexTV mostraron 10,0 millones de usuarios activos y 1,0 millones de usuarios de pago, con un ARPU de 3,15 dólares y un ARPUU de 31,22 dólares. La biblioteca de contenido de la plataforma se expandió a 560 dramas cortos en 2.400 títulos en 15 idiomas, incluyendo 90 programas producidos por ellos mismos. Las iniciativas estratégicas incluyen un fondo de inversión planeado de 100 millones de dólares con 9Yards para la producción de dramas cortos y proyectos de inteligencia artificial, además de una asociación con Telkomsel para la expansión en el mercado indonesio.
메가 매트릭스 (MPU)는 2024 회계 연도에 강력한 재무 실적을 보고하며 3,620만 달러의 기록적인 수익을 달성했습니다. 이 중 3,160만 달러는 멤버십 및 스트리밍 서비스에서, 370만 달러는 광고에서 발생했습니다. 아시아-태평양 지역은 전체 수익의 44.89%를 차지했으며, 미국과 캐나다는 37.11%를 기여했습니다. 회사는 2,100만 달러의 총 이익을 기록하며 58.09%의 마진을 보였습니다.
FlexTV의 운영 지표는 1,000만 명의 활성 사용자와 100만 명의 유료 사용자를 보여주며, ARPU는 3.15 달러, ARPUU는 31.22 달러입니다. 플랫폼의 콘텐츠 라이브러리는 15개 언어로 2,400개 제목 중 560개의 짧은 드라마로 확장되었으며, 90개의 자사 제작 프로그램이 포함되어 있습니다. 전략적 이니셔티브로는 짧은 드라마 제작과 AI 프로젝트를 위한 9Yards와의 1억 달러 투자 기금 계획과 인도네시아 시장 확장을 위한 Telkomsel과의 파트너십이 포함됩니다.
Mega Matrix (MPU) a rapporté des résultats financiers solides pour l'exercice fiscal 2024, atteignant un chiffre d'affaires record de 36,2 millions de dollars, dont 31,6 millions de dollars proviennent des services d'abonnement et de streaming et 3,7 millions de dollars de la publicité. La région Asie-Pacifique a généré 44,89% du chiffre d'affaires total, tandis que les États-Unis et le Canada ont contribué à hauteur de 37,11%. L'entreprise a affiché un bénéfice brut de 21,0 millions de dollars avec une marge de 58,09%.
Les indicateurs opérationnels de FlexTV ont montré 10,0 millions d'utilisateurs actifs et 1,0 million d'utilisateurs payants, avec un ARPU de 3,15 dollars et un ARPUU de 31,22 dollars. La bibliothèque de contenu de la plateforme s'est élargie à 560 drames courts parmi 2 400 titres en 15 langues, y compris 90 émissions auto-produites. Les initiatives stratégiques comprennent un fonds d'investissement prévu de 100 millions de dollars avec 9Yards pour la production de drames courts et des projets d'IA, ainsi qu'un partenariat avec Telkomsel pour l'expansion sur le marché indonésien.
Mega Matrix (MPU) hat starke Finanzergebnisse für das Geschäftsjahr 2024 gemeldet und einen Rekordumsatz von 36,2 Millionen Dollar erzielt, wobei 31,6 Millionen Dollar aus Mitgliedschafts- und Streamingdiensten und 3,7 Millionen Dollar aus Werbung stammen. Die Region Asien-Pazifik generierte 44,89% des Gesamtumsatzes, während die USA und Kanada 37,11% beitrugen. Das Unternehmen verzeichnete einen Bruttogewinn von 21,0 Millionen Dollar mit einer Marge von 58,09%.
Die operativen Kennzahlen von FlexTV zeigten 10,0 Millionen aktive Nutzer und 1,0 Millionen zahlende Nutzer, mit einem ARPU von 3,15 Dollar und einem ARPUU von 31,22 Dollar. Die Inhaltsbibliothek der Plattform erweiterte sich auf 560 Kurzdramen in 2.400 Titeln in 15 Sprachen, einschließlich 90 selbstproduzierter Shows. Strategische Initiativen umfassen einen geplanten Investitionsfonds von 100 Millionen Dollar mit 9Yards für die Produktion von Kurzdramen und KI-Projekten sowie eine Partnerschaft mit Telkomsel zur Expansion auf dem indonesischen Markt.
- Record annual revenue of $36.2 million
- Strong gross profit margin of 58.09% ($21.0 million)
- Large user base with 10.0 million active users and 1.0 million paying users
- Significant content library expansion with 560 short dramas and 90 self-produced shows
- Strategic $100 million investment fund partnership with 9Yards
- None.
Insights
Mega Matrix's 2024 financial results reveal a company generating significant revenue relative to its market capitalization. With
The company's gross profit margin of
Revenue diversification appears healthy with membership/streaming services contributing
User monetization metrics show promise with 1 million paying users from a base of 10 million active users - a
The planned
Financial Highlights
- In 2024, the Company's total annual revenue reached a record high of
, primarily driven by approximately$36.2 million from membership and top-up streaming services, and approximately$31.6 million from online advertising services. The$3.7 million Asia-Pacific market accounted for about44.89% of the total revenue, andthe United States andCanada contributed about37.11% . - As for profitability, the Company achieved a gross profit of about
in 2024, resulting in a gross profit margin of$21.0 million 58.09% .
Operational Highlights
- In 2024, the revenue from membership and top-up streaming services was approximately
and user recharge reached approximately$31.6 million .$33.4 million - During 2024, the Company had 10.0 million total active users and 1.0 million total paying users. The average revenue per user (ARPU) was approximately
while the average revenue per paying user (ARPUU) was approximately$3.15 . Period Active Users (PAU) from$31.22 the United States andCanada accounted for approximately20.5% of the PAU user base, and36.5% were from theAsia-Pacific region , making theses the Company's two largest user markets. The ARPU in the two regions were approximately and$6.53 , respectively.$3.15 - As of March 31, 2025, FlexTV's content library included approximately 560 short dramas, spanning over 2,400 titles in 15 languages. Among these, around 90 short dramas are self-produced, with half originally created in English.
- In a strategic move to expand our global footprint in 2024, the Company established strategic cooperation with international partners. This includes a plan to start a joint venture with 9Yards to launch a
investment fund focusing on short drama production and AI-driven projects, and a collaboration with Telkomsel to introduce FlexTV's short drama content to the Indonesian market through telecom packages.$100 million
Management Commentary
Mr. Yucheng Hu, CEO of MPU, commented, "In 2024, FlexTV achieved remarkable growth across multiple fronts, delivering strong revenue performance and a significant increase in original content output, while maintaining steady user engagement that validates our strategic direction. Our innovative short dramas, specifically designed for vertical viewing, continue to resonate deeply with audiences, solidifying our position as a pioneer in this area.
In 2025, we will continue to expand FlexTV's content library, deepen partnerships, and enhance user engagement, driving sustained growth and innovation in the global short drama market, reaffirming our confidence in FlexTV's potential to deliver value to both audiences and shareholders."
About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a
Key Metrics
The numbers for our key metrics, which include our period active users (PAU), period paying users (PPU), average membership and top-up streaming service revenue per active user (ARPU), and average membership and top-up streaming service revenue per paying user (ARPPU), are calculated using internal company data based on the activity of user accounts. We define an active user as a user who has downloaded and opened the FlexTV app at least once. We define a paying user as a user who has registered for a membership or has topped up, provided a method of payment, and is entitled to access FlexTV services (this membership or topping up does not include participation in free trials or other promotional offers extended by FlexTV to new users). We define ARPU as average membership and top-up streaming services revenue generated by each active user in one quarter. We define ARPPU as average membership and top-up streaming services revenue generated by each paying user in one quarter. We use these metrics to assess the growth and health of the overall business and believe that ARPU best reflects our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 20-F, filed with the SEC on March 28, 2025, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
Disclosure Channels
We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:
X (f/k/a Twitter): | twitter.com/MegaMatrixMPU |
Facebook: | facebook.com/megamatrixmpu facebook.com/flextvus |
LinkedIn: | linkedin.com/company/megamatrixmpu |
TikTok: | tiktok.com/@flextv_english |
YouTube: | youtube.com/@FlexTV_English |
The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.
For inquiries, please contact: Info@megamatrix.io
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SOURCE Mega Matrix Inc.