Mega Matrix Reports Wider Y/Y Q3 Loss but Outpaces Market Trends

Mega Matrix Inc.’s (MPU) shares have gained 2.5% since it reported earnings for the third quarter of 2024. This stock price increase has outperformed the S&P 500 index’s 2.3% decline during the same period. Over the past month, the MPU stock has risen 16.6%, outperforming the S&P 500’s 0.7% growth, reflecting robust investor confidence in the company’s growth trajectory.Financial Performance OverviewMega Matrix reported revenues of $10.3 million for the third quarter of 2024, driven by $9.3 million from mem ...