Mega Matrix(US:MPU) Prnewswireยท2025-03-28 12:06Core Viewpoint - Mega Matrix Inc. reported strong financial results for fiscal year 2024, highlighting significant growth in revenue and user engagement, particularly through its FlexTV platform, which focuses on short dramas [1][4]. Financial Highlights - Total annual revenue reached a record high of $36.2 million, with approximately $31.6 million from membership and top-up streaming services and about $3.7 million from online advertising services [7]. - The gross profit was approximately $21.0 million, resulting in a gross profit margin of 58.09% [7]. - User recharge reached approximately $33.4 million in 2024 [7]. Operational Highlights - The company had 10.0 million total active users and 1.0 million total paying users in 2024 [7]. - Average revenue per user (ARPU) was approximately $3.15, while average revenue per paying user (ARPPU) was approximately $31.22 [7]. - FlexTV's content library included around 560 short dramas, with approximately 90 self-produced dramas, half of which were originally created in English [7]. Management Commentary - The CEO emphasized the remarkable growth of FlexTV in 2024, citing strong revenue performance and increased original content output [4]. - The company plans to continue expanding FlexTV's content library and enhancing user engagement in 2025 [5]. Strategic Initiatives - The company established strategic cooperation with international partners, including a joint venture with 9Yards to launch a $100 million investment fund focused on short drama production and AI-driven projects [7]. - Collaboration with Telkomsel aims to introduce FlexTV's content to the Indonesian market through telecom packages [7].