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Mega Matrix Inc. Announces 2024 Year-End Financial Results
MPUMega Matrix(MPU) Prnewswire·2025-03-28 12:06

Core Viewpoint - Mega Matrix Inc. reported strong financial results for fiscal year 2024, highlighting significant growth in revenue and user engagement, particularly through its FlexTV platform, which focuses on short dramas [1][4]. Financial Highlights - Total annual revenue reached a record high of 36.2million,withapproximately36.2 million, with approximately 31.6 million from membership and top-up streaming services and about 3.7millionfromonlineadvertisingservices[7].−Thegrossprofitwasapproximately3.7 million from online advertising services [7]. - The gross profit was approximately 21.0 million, resulting in a gross profit margin of 58.09% [7]. - User recharge reached approximately 33.4millionin2024[7].OperationalHighlights−Thecompanyhad10.0milliontotalactiveusersand1.0milliontotalpayingusersin2024[7].−Averagerevenueperuser(ARPU)wasapproximately33.4 million in 2024 [7]. Operational Highlights - The company had 10.0 million total active users and 1.0 million total paying users in 2024 [7]. - Average revenue per user (ARPU) was approximately 3.15, while average revenue per paying user (ARPPU) was approximately 31.22[7].−FlexTV′scontentlibraryincludedaround560shortdramas,withapproximately90self−produceddramas,halfofwhichwereoriginallycreatedinEnglish[7].ManagementCommentary−TheCEOemphasizedtheremarkablegrowthofFlexTVin2024,citingstrongrevenueperformanceandincreasedoriginalcontentoutput[4].−ThecompanyplanstocontinueexpandingFlexTV′scontentlibraryandenhancinguserengagementin2025[5].StrategicInitiatives−Thecompanyestablishedstrategiccooperationwithinternationalpartners,includingajointventurewith9Yardstolauncha31.22 [7]. - FlexTV's content library included around 560 short dramas, with approximately 90 self-produced dramas, half of which were originally created in English [7]. Management Commentary - The CEO emphasized the remarkable growth of FlexTV in 2024, citing strong revenue performance and increased original content output [4]. - The company plans to continue expanding FlexTV's content library and enhancing user engagement in 2025 [5]. Strategic Initiatives - The company established strategic cooperation with international partners, including a joint venture with 9Yards to launch a 100 million investment fund focused on short drama production and AI-driven projects [7]. - Collaboration with Telkomsel aims to introduce FlexTV's content to the Indonesian market through telecom packages [7].