Mega Matrix (MPU) Operating Expenses (2023 - 2025)
Mega Matrix's 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 has reported Operating Expenses for 3 years, with the latest figure at $68.3 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 16.65% year-over-year to $68.3 million; the trailing twelve-month figure through Dec 2025 stood at $43.3 million (up 32.75% YoY), and the FY2025 full-year result was $43.3 million, up 32.75% from the prior year.
- Operating Expenses for Q4 2025 stood at $68.3 million, up from -$12.5 million in the prior quarter.
- The five-year high for Operating Expenses was $68.3 million in Q4 2025, with the low at -$12.5 million in Q3 2025.
- Average Operating Expenses over 3 years is $8.4 million, with a median of -$6.3 million recorded in 2025.
- Peak annual rise in Operating Expenses reached 510.89% in 2024, while the deepest fall reached 700.63% in 2024.
- Tracing MPU's Operating Expenses over 3 years: stood at $9.6 million in 2023, then jumped by 510.89% to $58.6 million in 2024, then climbed by 16.65% to $68.3 million in 2025.
- The last three Operating Expenses figures came in at $68.3 million (Q4 2025), -$12.5 million (Q3 2025), and -$5.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 1.56 Bn |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 21.38 Bn |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | 11.36 Bn |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 1.06 Bn |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 2.49 Bn |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 647.00 Mn |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 513.16 Mn |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 952.00 Mn |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 1.26 Bn |
| 10 | Mega Matrix | 17.83 Mn | 10.53 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 |