Growth Metrics

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 🔒
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