Mega Matrix (MPU) Gross Margin (2023 - 2025)
Mega Matrix (MPU) posted Gross Margin of 58.35% for Q4 2025, up 22.32% on a QoQ basis from 47.71% in Q3 2025, and up 392.0% year-over-year from 11.86% in Q4 2024.
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Mega Matrix (MPU) Gross Margin (2023 - 2025) Analysis & Trends
Mega Matrix has reported Gross Margin for 3 years, with the latest figure at 58.35% in Q4 2025.
- On a quarterly basis, Gross Margin rose 392.0% year-over-year to 58.35% in Q4 2025; TTM through Dec 2025 was 55.14%, a 295.0% decrease from a year earlier, with the FY2025 full-year figure at 55.14%, down 295.0% from the prior year.
- Gross Margin was 58.35% for Q4 2025 at Mega Matrix, up from 47.71% in the prior quarter.
- The five-year high for Gross Margin was 60.83% in Q2 2024, with the low at 331.82% in Q3 2023.
- Average Gross Margin over 3 years is 14.98%, with a median of 57.06% recorded in 2025.
- The sharpest annual moves came in 2024 and 2025: Gross Margin soared 39032 bps in 2024, then sank 1079 bps in 2025.
- Over 3 years, Gross Margin stood at 27.73% in 2023, then surged by 96 bps to 54.43% in 2024, then gained by 7 bps to 58.35% in 2025.
- The last three Gross Margin figures came in at 58.35% (Q4 2025), 47.71% (Q3 2025), and 58.53% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 51.93% |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 33.41% |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | - |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | 14.66% |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | 16.50% |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | 106.36% |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | 73.65% |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 72.84% |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | 34.84% |
| 10 | Mega Matrix | 8.76 Mn | 1.45 Mn | 3.03 Mn | 58.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 58.35% |
| Sep 30, 2025 | 47.71% |
| Jun 30, 2025 | 58.53% |
| Mar 31, 2025 | 55.77% |
| Dec 31, 2024 | 54.43% |
| Sep 30, 2024 | 58.50% |
| Jun 30, 2024 | 60.83% |
| Mar 31, 2024 | 59.73% |
| Dec 31, 2023 | 27.73% |
| Sep 30, 2023 | -331.82% |