UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13387 MEGA MATRIX CORP. (Exact name of registrant as specified in its charter) Delaware 94-3263974 (State or other jurisdiction of (I.R.S. Employer incorporation or organizat ...

Exhibit 99.1 MEGA MATRIX CORP. Announces Second Quarter 2024 Financial Results PALO ALTO, CA, August 14, 2024 (PR NEWSWIRE) -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced financial results for its second quarter ended June 30, 2024. Operating Highlights ● User recharge totaled $15.8 million in the first half of 2024, with 62.0% generated from the U.S. ● In the first half of 2024, our total active users reached 4.1 million, with an ARPU of $3.5 and our total active paying ...

PALO ALTO, Calif., Aug. 13, 2024 /PRNewswire/ -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced that FlexTV, its short drama streaming platform, has ranked No.8 in the App Store Entertainment Chart (Free Apps, South Korea) as of August 13, 2024. This achievement further solidifies FlexTV's leading position in Asia and demonstrates its widespread popularity on a global scale. As one of the world's leading digital culture centers, South Korea's high standards and diverse dema ...

Core Viewpoint - Mega Matrix Corp.'s FlexTV streaming platform has achieved significant recognition, ranking No.3 in both the App Store and Google Play Entertainment Charts in Indonesia, indicating its strong market position and global popularity [1][2]. Company Overview - Mega Matrix Corp. operates FlexTV, a leading short drama streaming platform, through its subsidiary Yuder Pte. Ltd., and is headquartered in Palo Alto, California [4]. - FlexTV distributes short drama content to over 100 countries, offering multiple language versions including English, Japanese, Korean, Portuguese, Spanish, and Arabic [3]. Market Position and Performance - FlexTV's ranking in Indonesia highlights its successful penetration into a key digital consumer market in Southeast Asia, showcasing its content innovation and technological advancements [2][3]. - The platform has received positive feedback from local users for its high-quality original content and personalized viewing experience [2]. Content and Features - FlexTV offers a diverse range of original short dramas across various popular themes such as modern narratives, thrillers, and comedies, allowing users to select content based on personal preferences [3]. - The platform emphasizes high-definition streaming and a smooth viewing experience, enhancing user satisfaction [2][3]. Future Outlook - FlexTV aims to expand its influence further across Asia and globally by exploring new opportunities to cater to the diverse needs of audiences [2].

Core Viewpoint - Mega Matrix Corp. has announced a private placement for the issuance and sale of 681,818 shares of common stock and accompanying warrants at a price of $2.20 per share, aiming to raise approximately $1.5 million for working capital and general corporate purposes [1][2]. Group 1: Private Placement Details - The private placement includes short-term series A warrants and series B warrants, both with an exercise price of $2.20 per share, exercisable immediately upon issuance [1]. - The series A warrants will expire 24 months after issuance, while the series B warrants will expire 5.5 years after issuance [1]. - The closing of the private placement is expected around August 5, 2024, pending customary closing conditions [1]. Group 2: Financial Implications - The gross proceeds from the offering are anticipated to be approximately $1.5 million before deducting fees and expenses related to the placement [2]. - The net proceeds will be utilized for working capital and general corporate purposes [2]. Group 3: Company Overview - Mega Matrix Corp. operates FlexTV, a short-video streaming platform and producer of short dramas, through its majority-controlled subsidiary Yuder Pte, Ltd. [5]. - The company is headquartered in Palo Alto, California, and is listed on NYSE American under the ticker MPU [5].

The strong performance in the European market showcases the MPU and FlexTV team's operational capabilities on a global scale, demonstrating their strategic insight and execution capabilities in understanding and adapting to market demands across different regions. About Mega Matrix: Mega Matrix Corp. (NYSEAMEX: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect majoritycontrolled subsidiary of Mega Matrix. Mega M ...

PALO ALTO, Calif., July 26, 2024 /PRNewswire/ -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced that FlexTV, its short drama streaming platform, surged into No.8. in the App Store Entertainment Apps (Free Apps, Japan) as of July 26, 2024. MPU operates the world's leading short drama streaming platform FlexTV through Yuder Pte. ltd, currently distributing short drama content to over 100 countries worldwide, covering seven language versions including English, Japanese, Korean ...

"My Fated Alpha: Rejected and Reclaimed" brings together a group of talented and passionate behind-thescenes staff. In terms of visual and sound effects, the director and production team chose a bold and avant-garde art style. From the dark forest to the mysterious moonlight, every scene exudes a mysterious and shocking power. Music is not only a background but also the soul of plot development, creating a grand emotional atmosphere and a stunning audio-visual experience for the audience. SOURCE Mega Matrix ...

Underneath the halo of love are often hidden the deepest wounds... Selena Lane, a girl who has suffered bullying from her family since childhood, should have had the shining moment of her life on her wedding day, but it accidentally became the starting point for the collapse of her emotional world. Her husband's betrayal was like a sharp dagger mercilessly stabbing her heart, bringing indescribable pain. In her moment of despair, Selena happened to encounter the unfamiliar driver Robert, and sought his help ...

PALO ALTO, Calif., July 17, 2024 /PRNewswire/ -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced that FlexTV, its short drama streaming platform, has ranked No.2. in the App Store Entertainment Apps (Free Apps, Thailand) as of July 16, 2024. As of the early morning of July 16, 2024, FlexTV stood among the most downloaded free apps in the App Store's entertainment chart (Thailand.), alongside TikTok, Netflix and Bilibili. FlexTV team will continue to enhance user experience, ...