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| Date | Value |
|---|---|
| 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 |