Mega Matrix (MPU)
Operator of the FlexTV mobile short-drama platform and digital-asset treasury.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $7.3M · Total debt $0 · Total assets $22.4M · Shareholders' equity $18.1M
- Revenue
- $5.2M
- Operating income
- −$15.3M
- Net income
- −$19.5M
No ownership filings on record for this listing.
- 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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mega Matrix | $2.86 | 0.00% | $313.2K | — | — | — | −40.9% |
| iQIYI (ADR) | $1.04 | +0.48% | $974.0M | — | 160.8 | 0.3 | −0.2% |
| Netflix | $72.17 | +0.02% | $305.47B | 23.1 | 20.9 | 6.3 | +13.4% |
| Meta | $737.38 | +0.12% | $1.89T | 27.9 | 24.2 | 8.3 | +28.0% |
| Median | 25.5 | 24.2 | 6.3 | +13.4% |