Mega Matrix (MPU) Operating Expenses (2023 - 2025)

Mega Matrix's (MPU) quarterly Operating Expenses came in at $68.3 million in Q4 2025, up 16.65% year-on-year from $58.6 million in Q4 2024, and up 647.81% quarter-over-quarter from -$12.5 million in Q3 2025.

Mega Matrix (MPU) Operating Expenses (2023 - 2025) Analysis & Trends

Mega Matrix's Operating Expenses history runs 3 years deep, the most recent figure standing at $68.3 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 16.65% year-over-year to $68.3 million in Q4 2025; TTM through Dec 2025 was $43.3 million, a 32.75% increase from a year earlier, with the FY2025 full-year figure at $43.3 million, up 32.75% from the prior year.
  • Operating Expenses advanced to $68.3 million in Q4 2025 per MPU's latest filing, from -$12.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $68.3 million in Q4 2025 and bottomed at -$12.5 million in Q3 2025.
  • The 3-year median for Operating Expenses is -$6.3 million (2025), against an average of $8.4 million.
  • Biggest YoY gain for Operating Expenses was 510.89% in 2024; the steepest drop was 700.63% in 2024.
  • Year by year, Operating Expenses stood at $9.6 million in 2023, then soared by 510.89% to $58.6 million in 2024, then advanced by 16.65% to $68.3 million in 2025.
  • Per Business Quant, the three latest MPU Operating Expenses figures stand at $68.3 million (Q4 2025), -$12.5 million (Q3 2025), and -$5.7 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 286.85 Bn 277.73 Bn 6.52 Bn 1.32 Bn
2 Walt Disney 176.45 Bn 177.38 Bn 10.75 Bn 21.38 Bn
3 Warner Bros. Discovery 71.03 Bn 68.89 Bn 4.25 Bn 11.36 Bn
4 Live Nation Entertainment 40.94 Bn 32.48 Bn 1.31 Bn 1.52 Bn
5 Liberty Media 29.72 Bn 29.06 Bn 298.00 Mn 647.00 Mn
6 Roku 20.90 Bn 18.52 Bn 564.94 Mn 513.16 Mn
7 TKO Group Holdings 20.86 Bn 19.17 Bn 862.52 Mn 1.26 Bn
8 Fox 20.85 Bn 17.36 Bn - 2.49 Bn
9 News 16.48 Bn 15.01 Bn - 952.00 Mn
10 Mega Matrix 10.52 Mn 3.21 Mn 3.03 Mn 68.30 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 68.30 Mn
Sep 30, 2025 -12.47 Mn
Jun 30, 2025 -5.66 Mn
Mar 31, 2025 -6.85 Mn
Dec 31, 2024 58.56 Mn
Sep 30, 2024 -8.74 Mn
Jun 30, 2024 -7.22 Mn
Mar 31, 2024 -9.96 Mn
Dec 31, 2023 9.59 Mn
Sep 30, 2023 -1.09 Mn