Mega Matrix Inc. Announces Third Quarter 2024 Financial Results
Mega Matrix (MPU) reported strong Q3 2024 financial results with total unaudited revenue of $10.3 million, showing 49.3% quarter-over-quarter growth. The revenue included $9.3 million from membership and streaming services (up 47.6% QoQ) and $1.0 million from advertising (up 66.7% QoQ). Gross profit reached $6.1 million with a 60% margin. User metrics showed 3.2 million quarterly active users, with ARPU of $3.0 and ARPPU of $25.9. The company released 56 new short drama series, including 16 self-produced content. Management aims for single-quarter profitability in Q4.
Mega Matrix (MPU) ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un fatturato totale non auditato di $10,3 milioni, mostrando una crescita del 49,3% rispetto al trimestre precedente. Il fatturato comprendeva $9,3 milioni dai servizi di abbonamento e streaming (in aumento del 47,6% QoQ) e $1,0 milione dalla pubblicità (in aumento del 66,7% QoQ). Il profitto lordo ha raggiunto $6,1 milioni con un margine del 60%. Le metriche degli utenti hanno mostrato 3,2 milioni di utenti attivi trimestrali, con un ARPU di $3,0 e un ARPPU di $25,9. La società ha rilasciato 56 nuove serie drammatiche brevi, di cui 16 prodotte internamente. La direzione punta a una redditività in un singolo trimestre per il Q4.
Mega Matrix (MPU) reportó sólidos resultados financieros para el tercer trimestre de 2024, con ingresos totales no auditados de $10,3 millones, mostrando un crecimiento del 49,3% en comparación con el trimestre anterior. Los ingresos incluyeron $9,3 millones de servicios de membresía y streaming (un aumento del 47,6% QoQ) y $1,0 millón de publicidad (un aumento del 66,7% QoQ). El beneficio bruto alcanzó $6,1 millones con un margen del 60%. Las métricas de usuarios mostraron 3,2 millones de usuarios activos trimestrales, con un ARPU de $3,0 y un ARPPU de $25,9. La empresa lanzó 56 nuevas series dramáticas cortas, incluyendo 16 de contenido autogestionado. La dirección apunta a lograr rentabilidad en un solo trimestre para el Q4.
메가 매트릭스 (MPU)는 2024년 3분기에 비감사 총 수익 $10.3백만을 보고하며 전 분기 대비 49.3% 성장했다고 발표했습니다. 이러한 수익은 멤버십 및 스트리밍 서비스로부터의 $9.3백만 (전분기 대비 47.6% 증가)와 광고로부터의 $1.0백만 (전분기 대비 66.7% 증가)을 포함했습니다. 총 이익은 $6.1백만에 이르며 마진은 60%입니다. 사용자 지표에 따르면 분기 활성 사용자 수는 320만 명이며, ARPU는 $3.0, ARPPU는 $25.9입니다. 회사는 56개의 새로운 단편 드라마 시리즈를 출시했으며, 그중 16개는 자체 제작 콘텐츠입니다. 경영진은 4분기에 단일 분기 수익성을 목표로 하고 있습니다.
Mega Matrix (MPU) a rapporté de solides résultats financiers pour le troisième trimestre 2024, avec un chiffre d'affaires total non audité de $10,3 millions, affichant une croissance de 49,3 % par rapport au trimestre précédent. Le revenu comprenait $9,3 millions provenant des services d'abonnement et de streaming (en hausse de 47,6 % QoQ) et $1,0 million provenant de la publicité (en hausse de 66,7 % QoQ). Le bénéfice brut a atteint $6,1 millions avec une marge de 60 %. Les indicateurs d'utilisateurs ont montré 3,2 millions d'utilisateurs actifs trimestriels, avec un ARPU de $3,0 et un ARPPU de $25,9. L'entreprise a publié 56 nouvelles séries courtes, dont 16 en contenu auto-produit. La direction vise une rentabilité pour un trimestre unique au T4.
Mega Matrix (MPU) berichtete für das dritte Quartal 2024 von starken finanziellen Ergebnissen mit einem Gesamtumsatz von $10,3 Millionen, was einem Wachstum von 49,3% im Quartalsvergleich entspricht. Der Umsatz beinhaltete $9,3 Millionen aus Mitgliedschafts- und Streamingdiensten (Anstieg um 47,6% QoQ) und $1,0 Million aus Werbung (Anstieg um 66,7% QoQ). Der Bruttogewinn erreichte $6,1 Millionen mit einer Marge von 60%. Die Nutzerkennzahlen zeigten 3,2 Millionen aktive Nutzer im Quartal, mit einem ARPU von $3,0 und einem ARPPU von $25,9. Das Unternehmen veröffentlichte 56 neue kurze Drama-Serien, darunter 16 selbstproduzierten Inhalte. Das Management strebt im vierten Quartal eine Rentabilität in einem einzigen Quartal an.
- Revenue grew 49.3% QoQ to $10.3 million
- Advertising revenue increased 66.7% QoQ to $1.0 million
- Strong gross profit margin of 60%
- User recharge increased 46.2% QoQ to $9.5 million
- Expanded content library with 56 new series
- Not yet profitable as of Q3 2024
Insights
A strong quarter for MPU with impressive growth metrics.
The vertical short-form video strategy aligns well with current market trends, particularly in mobile consumption patterns. The multi-language content approach (English and Japanese productions) indicates smart market positioning for international expansion. The
Financial Highlights
- In the third quarter of 2024, the Company's total unaudited revenue reached
$10.3 million 49.3% compared to Q2 2024, marking a new high for the year. The total revenue in Q3 included over$9.3 million 47.6% and around$1.0 million 66.7% . - Gross profit in the third quarter of 2024 reached
$6.1 million 60.0% gross profit margin, remaining consistent with the previous quarter.
Operating Highlights
- User recharge totaled
$9.5 million 46.2% increase compared to Q2 2024. - In the third quarter of 2024, our quarterly active users reached 3.2 million, with an ARPU of
$3.0 $25.9 - In the third quarter, we released a total of 56 new series of short dramas, including 16 self-produced series (15 in English and 1 in Japanese), marking a steady increase in our original content production.
Management Commentary
Mr. Yucheng Hu, CEO of Mega Matrix Inc., stated, "In Q3 2024, FlexTV achieved significant growth in both revenue and original content output, with steady user engagement reinforcing our strategy. Our short dramas tailored for vertical viewing continue to attract audiences.
Looking forward, we remain focused on expanding FlexTV's content library, supporting studios, building partnerships, and enhancing engagement features to keep FlexTV competitive. With a strengthened script team, production has stabilized per month since July. Building on Q3's progress, we are striving to achieve single-quarter profitability in Q4, 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 total active users (TAU), total paying users (TPU), 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 10-K, as amended, filed with the SEC on August 19, 2024, 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 Corp.
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