Mega Matrix MPU
NYSE MPU
$0.20 +0.01 (+3.23%)
As of: Sep 8, 2026 · 3:58 PM EDT

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

Mega Matrix (MPU) posted Operating Expenses of -$18.3 million for Q4 2025, down 47.14% on a QoQ basis from -$12.5 million in Q3 2025, and down 172.99% year-over-year from $25.1 million in Q4 2024.

Analysis

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

Mega Matrix has reported Operating Expenses for 3 years, with the latest figure at -$18.3 million in Q4 2025.

  • On a quarterly basis, Operating Expenses fell 172.99% year-over-year to -$18.3 million in Q4 2025; TTM through Dec 2025 was -$43.3 million, a 32.75% decrease from a year earlier, with the FY2025 full-year figure at -$43.3 million, down 32.75% from the prior year.
  • Operating Expenses was -$18.3 million for Q4 2025 at Mega Matrix, down from -$12.5 million in the prior quarter.
  • The five-year high for Operating Expenses was -$944500.0 in Q4 2023, with the low at -$18.3 million in Q4 2025.
  • Average Operating Expenses over 3 years is -$7.8 million, with a median of -$7.0 million recorded in 2024.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 700.63% in 2024, then jumped 31.18% in 2025.
  • Over 3 years, Operating Expenses stood at -$944500.0 in 2023, then slumped by 611.55% to -$6.7 million in 2024, then tumbled by 172.99% to -$18.3 million in 2025.
  • The last three Operating Expenses figures came in at -$18.3 million (Q4 2025), -$12.5 million (Q3 2025), and -$5.7 million (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 321.15 Bn 312.02 Bn 6.52 Bn 1.51 Bn
2 Spotify Technology 108.56 Bn 97.65 Bn 1.86 Bn 640.46 Mn
3 Tencent Music Entertainment 12.38 Bn 8.87 Bn 582.00 Mn -191.00 Mn
4 Huya 485.14 Mn 124.88 Mn 37.58 Mn -39.77 Mn
5 iQIYI 427.67 Mn -43.23 Mn 152.37 Mn -938.70 Mn
6 FuboTV 324.08 Mn -128.33 Mn 399.10 Mn 344.01 Mn
7 Kaltura 221.37 Mn 190.08 Mn 34.54 Mn 35.31 Mn
8 CuriosityStream 157.45 Mn 109.05 Mn 16.93 Mn 14.07 Mn
9 Cineverse 47.34 Mn 43.02 Mn 10.66 Mn 35.72 Mn
10 Mega Matrix 8.76 Mn 1.45 Mn 3.03 Mn -18.35 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 -18.35 Mn
Sep 30, 2025 -12.47 Mn
Jun 30, 2025 -5.66 Mn
Mar 31, 2025 -6.85 Mn
Dec 31, 2024 -6.72 Mn
Sep 30, 2024 -8.74 Mn
Jun 30, 2024 -7.22 Mn
Mar 31, 2024 -9.96 Mn
Dec 31, 2023 -944,500.00
Sep 30, 2023 -1.09 Mn