#Singapore #financial results #FlexTV #Mega Matrix Inc.

Mega Matrix Inc. Reports Year-End Financial Results for 2024

Mega Matrix Inc. (NYSE American: MPU) has recently unveiled its impressive financial achievements for the fiscal year ended December 31, 2024. This year marked a significant milestone for the company, with total revenues soaring to $36.2 million. This remarkable figure was primarily driven by revenue from membership and top-up streaming services, generating approximately $31.6 million, alongside around $3.7 million from online advertising services.

The Asia-Pacific region emerged as the largest contributor to the company’s financial success, accounting for about 44.89% of the total revenue, while contributions from the United States and Canada made up approximately 37.11%. This geographical success reveals the company’s growing presence and appeal in key markets, hinting at the extensive reach of its services.

In terms of profitability, Mega Matrix Inc. recorded a gross profit of about $21.0 million, reflecting a robust gross profit margin of 58.09%. This solid profitability provides further evidence of the company's operational efficiency and its ability to effectively manage costs while growing revenue.

Operational Highlights

The operational metrics for 2024 also paint an optimistic picture for Mega Matrix. The company reported an active user base of 10.0 million, with 1.0 million of those being paying subscribers. The average revenue per user (ARPU) stood at approximately $3.15, while the average revenue per paying user (ARPPU) was around $31.22. Notably, the user base distribution indicates that about 20.5% of total active users came from the U.S. and Canada, and a substantial 36.5% from the Asia-Pacific region. Here, the ARPU in the U.S. and Canada reached approximately $6.53, markedly higher than the $3.15 average in the Asia-Pacific.

As of March 31, 2025, the content library for FlexTV, Mega Matrix’s innovative short-video streaming platform, boasts around 560 short dramas encompassing more than 2,400 titles across 15 languages. The company's commitment to original content is evident, with approximately 90 self-produced short dramas, half of which were created in English, solidifying their footprint in diverse markets.

Strategic Moves for Future Growth

In a bid to broaden its global horizons, Mega Matrix has announced strategic partnerships. One major initiative includes a joint venture with 9Yards to establish a $100 million investment fund focused on producing short dramas and advancing AI-driven projects. This collaboration mirrors the company's intent to innovate and stay relevant in a rapidly changing entertainment landscape.

Additionally, Mega Matrix is collaborating with Telkomsel to deliver FlexTV's unique short drama content to Indonesian users via telecom packages, illustrating the company's strategy to penetrate emerging markets effectively.

Management Insights

Yucheng Hu, CEO of Mega Matrix Inc., shared his insights regarding the company’s performance in 2024. He expressed pride in the significant revenue growth and user engagement levels, which validate the company's strategic direction. Hu emphasized the importance of FlexTV’s innovative short dramas designed for vertical viewing, a format that continues to resonate with viewers across various demographics.

Looking ahead, Mega Matrix aims to expand its content library further, enhance partnerships, and foster greater user engagement. This roadmap for 2025 showcases the company's optimistic outlook on sustaining growth in the competitive landscape of short drama entertainment.

In conclusion, Mega Matrix Inc.'s financial results for 2024 not only highlight their successful trajectory but also set the stage for ambitious plans that promise to bolster their market presence. By focusing on user engagement and innovative content, Mega Matrix is poised to continue leading the evolving digital streaming landscape.