Mega Matrix Q1 revenue $8.7M, gross margin 60% on FlexTV streaming growth

Mega Matrix Corp.

2024-Q1 EPS reported -$0.05 revenue$8,691,600

Total Q1 2024 revenue $8.7M, with $8.0M from membership/top-up streaming and $0.7M from advertising.
Gross profit $5.2M, resulting in ~60% gross margin.
Quarterly active users 2.62M, ARPU $3.07; paying users 0.32M, ARPPU $24.94.
Hit series “Mr. Williams! Madame is Dying” generated $6.3M in user top-up and 4.8M views as of Apr 30.
CEO plans to expand script team 10x and produce 5-10 short dramas per month from June 2024; FlexTV #8 in Apple US charts.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Mega Matrix Corp. reported first quarter ended March 31, 2024 results: revenue $8.7 million.

Period: first quarter ended March 31, 2024
Revenue: $8.7 million
Result: reported results

Exact text from the filing

In Q1 2024, the Company’s total unaudited revenue reached $8.7 million

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Source: SEC EDGAR

accession 0001213900-24-040651

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