Mega Matrix
Operator of the FlexTV mobile short-drama platform and digital-asset treasury.
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Profile
Runs the FlexTV short-drama platform, earning mainly from subscriptions and in-app credits, with advertising and content licensing alongside. Its Cayman parent also holds a digital-asset treasury, but reports both activities in one operating segment.
Operates FlexTV, a mobile platform for vertically oriented short dramas that integrates content rights, localization, distribution and monetization. Viewers sample initial episodes, then pay through subscriptions or in-app coins to unlock more; advertising and content licensing add smaller revenue streams. An asset-light operating model now relies on external studios, acquired or licensed dramas, and outside production and technical suppliers.
Distributes FlexTV across more than 200 countries through Apple's App Store and Google Play, while user acquisition uses social and video platforms. Separately, its board deploys a digital-asset treasury framework around stablecoins, stablecoin-protocol governance tokens, and potential Bitcoin, Ether and staking positions. The listed Cayman parent reports FlexTV and digital-asset activities as one operating and reportable segment.
Company facts
Key statistics
Year to date −76.7% · Average volume (30d) 199.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Dec 5, 2025Q3 FY25 | $0.07 | −$0.21 | −391.7% | $7.5M | $6.1M | −18.1% | 0.00% |
| Jun 24, 2025Q1 FY25 | $0.07 | −$0.07 | −202.9% | $7.5M | $7.7M | +3.2% | +2.08% |
| Jun 2, 2025Q1 FY25 | $0.07 | −$0.07 | −204.9% | $7.5M | $7.7M | +3.2% | −7.93% |
| Mar 28, 2025Q4 FY24 | $0.07 | −$0.05 | −170.6% | $7.5M | $10.2M | +36.5% | +3.62% |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $10.3M | $10.2M | $7.7M | $7.1M | $6.1M | $5.2M | |
| Gross profit | $6.1M | $5.6M | $4.3M | $4.1M | $2.9M | $3.0M | |
| Operating income | −$2.7M | −$1.2M | −$2.5M | −$1.5M | −$9.6M | −$15.3M | |
| Net income | −$2.8M | −$1.8M | −$2.5M | −$1.5M | −$10.8M | −$19.5M | |
| Diluted EPS | −$0.07 | −$0.05 | −$0.07 | −$0.04 | −$0.21 | −$0.38 | |
| Gross margin | 58.5% | 54.4% | 55.8% | 58.5% | 47.7% | 58.4% | |
| Operating margin | -26.0% | -11.3% | -32.8% | -21.6% | -156.3% | -294.6% |
Fiscal years (4-quarter sums)FY21 $6.3M · FY22 $448.6K · FY23 $47.8K · FY24 $36.2M · FY25 $26.1M
Balance sheet, Dec 31, 2025Cash & short-term investments $7.3M · Total debt $0 · Total assets $22.4M · Shareholders' equity $18.1M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Oct 1, 2021 | Sep 30 | Oct 13 | $0.6468 | special dividend |
Ownership
Shares outstanding 45.72M · Float 31.99M · 70.0% free float
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- iQIYI (ADR)
Micro dramas overlap in paid viewing, advertising, and content sales.
- Netflix
Long-form streaming is a named substitute for mobile drama viewing.
- Meta
Facebook and Instagram Reels contest short-video attention and ad traffic.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mega Matrix | $0.2220 | −0.89% | $10.1M | — | — | 0.4 | −40.9% |
| iQIYI (ADR) | $0.9300 | +1.09% | $887.2M | — | 141.7 | 0.2 | −0.1% |
| Netflix | $81.62 | −0.12% | $340.28B | 25.7 | 23.6 | 7.0 | +13.4% |
| Meta | $578.36 | +0.06% | $1.47T | 21.8 | 19.0 | 6.5 | +28.0% |
| Median | 23.7 | 23.6 | 6.5 | +13.4% |