Mega Matrix (MPU) Cost of Revenue (2023 - 2025)
Mega Matrix's (MPU) quarterly Cost of Revenue came in at $2.2 million in Q4 2025, down 82.04% year-on-year from $12.1 million in Q4 2024, and down 32.27% quarter-over-quarter from $3.2 million in Q3 2025.
Mega Matrix (MPU) Cost of Revenue (2023 - 2025) Analysis & Trends
Mega Matrix's Cost of Revenue history runs 3 years deep, the most recent figure standing at $2.2 million for Q4 2025.
- On a quarterly basis, Cost of Revenue fell 82.04% year-over-year to $2.2 million in Q4 2025; TTM through Dec 2025 was $11.7 million, a 48.08% decrease from a year earlier, with the FY2025 full-year figure at $11.7 million, down 48.08% from the prior year.
- Cost of Revenue slipped to $2.2 million in Q4 2025 per MPU's latest filing, from $3.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $4.6 billion in Q3 2023 and bottomed at $2300.0 in Q4 2023.
- The 3-year median for Cost of Revenue is $3.3 million (2025), against an average of $463.4 million.
- Biggest YoY gain for Cost of Revenue was 523939.13% in 2024; the steepest drop was 99.91% in 2024.
- Year by year, Cost of Revenue stood at $2300.0 in 2023, then soared by 523939.13% to $12.1 million in 2024, then plunged by 82.04% to $2.2 million in 2025.
- Per Business Quant, the three latest MPU Cost of Revenue figures stand at $2.2 million (Q4 2025), $3.2 million (Q3 2025), and $2.9 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 295.51 Bn | 286.39 Bn | 6.52 Bn | 6.04 Bn |
| 2 | Walt Disney | 170.79 Bn | 165.11 Bn | 10.75 Bn | 14.42 Bn |
| 3 | Warner Bros. Discovery | 63.06 Bn | 59.80 Bn | 4.25 Bn | 4.64 Bn |
| 4 | Live Nation Entertainment | 41.67 Bn | 32.60 Bn | 1.31 Bn | 2.48 Bn |
| 5 | Liberty Media | 30.19 Bn | 28.86 Bn | 298.00 Mn | 413.00 Mn |
| 6 | Fox | 21.54 Bn | 17.94 Bn | - | - |
| 7 | TKO Group Holdings | 21.23 Bn | 19.51 Bn | 862.52 Mn | 734.36 Mn |
| 8 | Roku | 21.08 Bn | 18.70 Bn | 564.94 Mn | 683.94 Mn |
| 9 | News | 17.12 Bn | 14.95 Bn | - | - |
| 10 | Mega Matrix | 10.51 Mn | 3.21 Mn | 3.03 Mn | 2.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.16 Mn |
| Dec 31, 2025 | 2.16 Mn |
| Sep 30, 2025 | 3.20 Mn |
| Sep 30, 2025 | 3.20 Mn |
| Jun 30, 2025 | 2.93 Mn |
| Jun 30, 2025 | 2.93 Mn |
| Mar 31, 2025 | 3.42 Mn |
| Mar 31, 2025 | 3.42 Mn |
| Dec 31, 2024 | 12.05 Mn |
| Dec 31, 2024 | 12.05 Mn |
| Sep 30, 2024 | 4.29 Mn |
| Sep 30, 2024 | 4.29 Mn |
| Jun 30, 2024 | 2.71 Mn |
| Jun 30, 2024 | 2.71 Mn |
| Mar 31, 2024 | 3.50 Mn |
| Mar 31, 2024 | 3.50 Mn |
| Dec 31, 2023 | 2,300.00 |
| Dec 31, 2023 | 2,300.00 |
| Sep 30, 2023 | 4.60 Bn |
| Sep 30, 2023 | 4.60 Bn |