Mega Matrix (MPU) Operating Expenses (2023 - 2025)
Mega Matrix (MPU) posted quarterly Operating Expenses of $68.3 million for Q4 2025, up 16.65% year-over-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.
- In Q4 2025, Operating Expenses rose 16.65% year-over-year to $68.3 million; the TTM figure through Dec 2025 stood at $43.3 million (up 32.75% YoY), while the FY2025 annual figure 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.
- The 3-year median for Operating Expenses is -$6.3 million (2025), against an average of $8.4 million.
- Peak annual rise in Operating Expenses reached 510.89% in 2024, while the deepest fall reached 700.63% in 2024.
- Mega Matrix's Operating Expenses stood at $9.6 million in 2023, then surged by 510.89% to $58.6 million in 2024, then gained by 16.65% to $68.3 million in 2025.
- Business Quant data shows MPU's Operating Expenses at $68.3 million in Q4 2025, -$12.5 million in Q3 2025, and -$5.7 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.32 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 20.49 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 8.48 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.24 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 2.38 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 846.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 527.52 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 991.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 1.12 Bn |
| 10 | Mega Matrix | 9.25 Mn | 1.95 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 |