Mega Matrix (MPU) EBITDA (2023 - 2025)
Mega Matrix (MPU) posted EBITDA of -$15.3 million for Q4 2025, down 60.3% on a QoQ basis from -$9.6 million in Q3 2025, and down 1229.89% year-over-year from $1.4 million in Q4 2024.
Analysis
Mega Matrix (MPU) EBITDA (2023 - 2025) Analysis & Trends
Mega Matrix has reported EBITDA for 3 years, with the latest figure at -$15.3 million in Q4 2025.
- On a quarterly basis, EBITDA fell 1229.89% year-over-year to -$15.3 million in Q4 2025; TTM through Dec 2025 was -$28.9 million, a 149.01% decrease from a year earlier, with the FY2025 full-year figure at -$28.9 million, down 149.01% from the prior year.
- EBITDA was -$15.3 million for Q4 2025 at Mega Matrix, down from -$9.6 million in the prior quarter.
- The five-year high for EBITDA was -$944500.0 in Q4 2023, with the low at -$15.3 million in Q4 2025.
- Average EBITDA over 3 years is -$4.3 million, with a median of -$2.6 million recorded in 2024.
- The largest YoY upside for EBITDA was 49.36% in 2025 against a maximum downside of 1229.89% in 2025.
- Over 3 years, EBITDA stood at -$944500.0 in 2023, then dropped by 21.92% to -$1.2 million in 2024, then tumbled by 1229.89% to -$15.3 million in 2025.
- The last three EBITDA figures came in at -$15.3 million (Q4 2025), -$9.6 million (Q3 2025), and -$1.5 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 4.19 Bn |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 761.35 Mn |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | 480.00 Mn |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | -1.03 Mn |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | -15.38 Mn |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | 30.43 Mn |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | -775,000.00 |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 9.18 Mn |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | -5.12 Mn |
| 10 | Mega Matrix | 8.76 Mn | 1.45 Mn | 3.03 Mn | -15.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -15.31 Mn |
| Sep 30, 2025 | -9.55 Mn |
| Jun 30, 2025 | -1.53 Mn |
| Mar 31, 2025 | -2.54 Mn |
| Dec 31, 2024 | -1.15 Mn |
| Sep 30, 2024 | -2.69 Mn |
| Jun 30, 2024 | -3.01 Mn |
| Mar 31, 2024 | -4.77 Mn |
| Dec 31, 2023 | -944,500.00 |
| Sep 30, 2023 | -1.09 Mn |