secwatch.observer — SEC 8-K summary
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Issuer:     Mega Matrix Corp. (—)
CIK:        0001036848
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001213900-24-040651
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1036848/000121390024040651/0001213900-24-040651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1036848/000121390024040651/ea0205454-8k_mega.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040651

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer